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Suez Canal sees oil tanker surge amid Strait of Hormuz disruptionEgypt's Suez Canal saw a significant rise in oil tanker traffic and revenue in April. This surge is linked to the closure of the Strait of ...- Gulf economies at risk of worst slump since 1990s on Iran warThe ongoing Iran war could severely impact Gulf economies if it continues, with Qatar and Kuwait potentially seeing GDP contract by about 1...
- Abu Dhabi Borouge's $2 billion IPO set to be ADX's biggestGulf issuers have raised more than $10 billion from IPOs so far this year, Refinitiv data shows, exceeding European flotations even as glob...
- Saudi National Bank posts 20% rise in quarterly profitSNB reported a net profit of 3.4 billion riyals ($907 million) for the quarter that ended on March 31, up from 2.8 billion riyals in the sa...
- Saudi IPO market set for bumper year boosted by lockdown savingsFour out of seven IPOs from Gulf countries last year launched on Saudi Arabia's Tadawul bourse, the largest market in the region with avera...
- Saudi petrochemicals giant SABIC hires NCB for speciality chemicals unit IPO: SourcesThe company is also sounding out foreign banks for advisory roles and HSBC and JPMorgan are among those in the final phase of pitching for ...
- Pakistan's EM status in doubt after deep slide in stock valueThe South Asian nation has erased about $44 billion of equity value since June 2017.
- UAE to offer expats long-term residency visa after retirementThe United Arab Emirates will allow foreigners to obtain long-term residency visas after they retire.
- Why expatriate workers are leaving Saudi Arabia in drovesAs companies struggle with slower business and authorities impose more fees on foreigners, the biggest Arab economy is losing some of its a...
- Saudi economic pain seen testing resolve of prince's reform pushIMF lowered its forecasts for Saudi economic growth this year to "close to zero."
- In Pakistan, miscommunication can send its rupee into a free fallIsahq Dar said that rupee’s 3.1 per cent drop on Wednesday against dollar was “mind boggling”.
- Pakistan MSCI dream becomes dull reality as stock losses deepenThe KSE100 Index tumbled 3.6% at the close in Karachi, the biggest drop since August 2015.
- Why Pakistani market may be ill-equipped to handle MSCI inclusionAs much as $500 million may gush into the nation’s equities on May 31, said Ali Khalpey.
- Saudi Aramco's worth may be just $1.1 trillionAlthough Saudi Arabia puts company's value at $2T, investors, media feel otherwise.
- Credit Suisse in asset management venture with QatarAventicum Capital Management will focus on investments in the emerging markets of the Middle East and Turkey as well as operate an internat...
- Dubai World's part-revamp limits damage: AnalystsDubai World's announcement that it needs to revamp only some parts of its worldwide business limits the scope of damage, analysts said on T...
- Saudi Saad group sued for $10 bn fraud: ReportA festering dispute between two leading Saudi business families has erupted with Al-Gosaibi group filing a 10-billion-dollar fraud lawsuit ...
- Orascom Telecom gains, leading Egypt shares upShares of Orascom Telecom, Africa's third-largest mobile operator by market value, rose for the second time in three sessions on Sunday as ...
- Egypt stocks rise on foreign buying, bullish retailEgypt's main stock indexes rose on Tuesday, recouping losses amid a flurry of buying by foreigners picking up large caps stocks like Orasco...
- Suez Canal Bank to sell stake in technology firmEgypt's Suez Canal Bank said on Sunday its shareholders approved the sale of its 29.38 per cent stake in Suez Canal Company for Technology ...
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