Read StoryArada sukuk: $400m issue reopens UAE property debt market
Arada sukuk raises $400m at 8.875% in the first UAE developer debt sale since February 2026, with orders above $700m and a…
Read StoryBorouge Q3 profit falls to $109m as volumes rebound 22%
Borouge Q3 profit came to AED399m ($109m) as lower polyolefin prices offset a 22% rise in volumes; the ADNOC unit expects its…
Read StoryEgypt interest rate hike: CBE lifts key rates 100bps to 20%
Egypt interest rate hike: the Central Bank of Egypt raised key rates by 100bps to 20%, its first increase since March 2024,…
Read StoryACWA Power EIG partnership targets $4bn US power platform
The ACWA Power EIG partnership, named Plenum Power, targets a $4bn initial equity commitment to buy and build US power generation and…
Read StoryFAB Q3 profit up 6% as nine-month earnings hit AED16.46bn
FAB Q3 profit rose 6% to about AED5.74bn as First Abu Dhabi Bank’s nine-month net profit reached AED16.46bn on lending growth and…
Read StoryACWA Power Hassyan deal: SAR1.79bn DEWA water agreement
ACWA Power Hassyan deal: the Saudi utility signs a 30-year SAR1.79bn ($478m) water purchase agreement with DEWA for a 272,000 m3/day desalination…
Read StoryBahri Q3 profit jumps 891% to SAR5.09bn on tanker rates
Bahri Q3 profit rose 891% to SAR5.09bn ($1.36bn) as record tanker freight rates lifted revenue 504%. Nine-month earnings reached SAR9.98bn ($2.66bn).
Read StoryMIS HUMAIN contract: new work orders top SAR3.4bn
MIS HUMAIN contract work grows as the Saudi IT firm receives two new AI data centre work orders worth about SAR 3.44bn,…
Read StoryBanque du Caire IPO: 30% stake to list on EGX in November
Banque du Caire IPO will see Banque Misr sell a 30% stake, or 4.575 billion shares, on the Egyptian Exchange, with trading…
