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      Babu Das Augustine

      Location

      Articles

      Saudi Arabia led the volume of listing in the GCC with 35 out of the 46 IPOs last year. Reuters
      Can GCC markets sustain the IPO momentum in 2024?

      Strong returns after listings have made IPOs a favourite option for investors, analysts say

      MarketsFebruary 06, 2024
      One97 Communications, the parent firm of Indian payments company Paytm, lost 205 billion rupees ($2.47 billion), or 42.4 per cent, in market capitalisation in the last three trading sessions. Reuters
      Why are Indian digital payments company Paytm’s shares freefalling?

      Investors and market intermediaries fear the latest regulatory action by RBI could seriously impair Paytm's business volumes and profitability

      BusinessFebruary 05, 2024
      The UAE and Saudi banking systems are poised to continue their growth above the rest of the region, S&P says. Reuters
      Profitability and credit growth of GCC banks to remain strong in 2024

      Banks in Saudi Arabia and the UAE will have the strongest return on assets this year, S&P says

      BankingFebruary 02, 2024
      Masdar is working on an annual green hydrogen production capacity of up to one million tonnes by 2030. Chris Whiteoak / The National
      Masdar and CMA CGM Group sign green alternative fuel deal

      Partnership aims to supply green hydrogen to CMA CGM’s dual-fuel vessels

      EnergyJanuary 30, 2024
      Abu Dhabi recorded 10,557 real estate transactions worth Dh46.33 billion in the first half of last year. Shutterstock
      Abu Dhabi cut jointly owned property service charges by 6% last year

      Incentives boosted real estate investments in the emirate, Abu Dhabi Real Estate Centre says

      PropertyJanuary 24, 2024
      As the deal agreement has turned sour, brokerage firms are downgrading the stock of Zee Entertainment Enterprises. Reuters
      What does the Zee-Sony merger collapse mean for India's media industry?

      The $10-billion deal between the two media giants comes to an end after two years of twists and turns

      EconomyJanuary 23, 2024
      Al Amar gold mine, south-west of Riyadh. Saudi Arabia currently accounts for about 37.9 per cent of Mena's $16 billion metals and mining market. Reuters
      Can Saudi Arabia be a mineral mining powerhouse?

      Competition heating up for a place in the critical mineral supply chain, analysts say

      EconomyJanuary 20, 2024
      ADCB has received an in-principle approval from Saudi Arabia's council of ministers and will open a branch in Riyadh. Khushnum Bhandari / The National
      ADCB set to open first Saudi branch in expansion push

      UAE's third-largest lender aims to provide a range of services for corporate and institutional clients

      BankingJanuary 17, 2024
      Saudi Arabia has forecast financing needs of about 86 billion Saudi riyals ($22.93 billion) in 2024 under a new borrowing plan. Reuters
      Saudi Arabia issues $12bn international bonds

      The triple-tranche debt issuance was oversubscribed 2.5 times, attracting $30 billion

      EconomyJanuary 09, 2024
      Al Amar gold mine, south-west of Riyadh. Saudi Arabia has more than 5,300 mining sites, valued at about $1.3 trillion. Reuters
      Will Saudi Arabia gold discovery offer major boost to its economy?

      Mining is a key component of the kingdom’s drive to attract foreign direct investment as part of its Vision 2030 plan

      EconomyJanuary 07, 2024
      Many Saudi-listed companies have warned that an increase in fuel and feedstock prices by Saudi Aramco could affect their finances. AFP
      Saudi companies say Aramco fuel price rise could hit earnings

      Increase in production costs expected to affect earnings from the first quarter of this year

      MarketsJanuary 04, 2024
      The law permits people to own shares in Parkin through public or private subscription. Sarah Dea/The National
      Dubai sets up new company to oversee parking

      Parkin will have autonomy related to creating, planning, designing, operating and managing public parking spaces

      EconomyJanuary 03, 2024
      A rendering of an Arada project. The Sharjah developer has three mixed-use communities in the Northern Emirates valued at Dh33 billion in total. Photo: Arada
      Arada expands further into Dubai property market with $163m plot purchase

      Company plans to build 50-floor luxury residential tower

      PropertyJanuary 02, 2024
      The gold discovery is the first find from Ma'aden's exploration programme launched in 2022. Photo: Ma’aden
      'Significant' gold discovery made in Saudi Arabia

      The new find extends along a 100km stretch from its existing Mansourah Massarah gold mine

      EconomyDecember 28, 2023
      The UAE's Islamic banking sector accounted for 23 per cent of the country's total banking assets in 2022. Photo: Central Bank of UAE
      UAE's Islamic finance sector on a strong growth trajectory, says Central Bank

      Islamic banking business accounted for 23% of the total banking assets in the country last year, the report says

      BankingDecember 20, 2023
      More Articles

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