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      Massoud A Derhally

      Massoud A Derhally

      Location
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      Articles

      The IMF has said cash dollarisation of the economy will increase, causing the national currency to fall even further, if Lebanon does not carry out key reforms. Reuters
      Lebanon inflation surged in August amid stalled reforms and no president

      Consumer price index was about 1 per cent higher than July

      EconomySeptember 26, 2023
      In the first half of 2023, SAL recorded an annual 15 per cent increase and 26.7 per cent surge in revenue and net income respectively.
      SAL Saudi Logistics Services IPO: cargo company may raise up to $678m

      Shareholders in the cargo company Saudi Arabian Airlines and Tarabot Air Cargo Services are selling 24 million shares equivalent to a 30 per cent stake

      MarketsSeptember 25, 2023
      The Yahsat stand at Idex 2023. The new government mandate increases Yahsat’s contracted future revenue to Dh25.7 billion. Khushnum Bhandari / The National
      Yahsat awarded $5.1bn satellite capacity and services contract by UAE

      Deal is for 17 years and covers the operations, maintenance and technology management services of ground segment satellite systems

      BusinessSeptember 22, 2023
      A picture of The Abdali area, the new downtown of Amman, the capital's largest mixed-use urban development ever constructed. Photo: Abdali
      ExclusiveJordan's Abdali considering an IPO as it helps boost growth in the kingdom

      Company chairman Amer Al-Fayez says development has helped create 15,000 jobs in the country

      EconomySeptember 21, 2023
      A commercial airplane flies past Burj Khalifa. The UAE's economy grew by 3.8 per cent on an annual basis in the first quarter of this year. AFP
      UAE Central Bank holds rates with Fed

      US regulator maintained its benchmark borrowing rates as the latest data shows core inflation and the labour market in the US have slowed

      EconomySeptember 20, 2023
      The latest issuance comes after $3 billion was raised in June 2022. Photo: ADX
      UAE's $1.5 billion sovereign bond five times oversubscribed

      Strong domestic, regional and international demand shows country's 'increasing attractiveness to foreign investors'

      EconomySeptember 19, 2023
      Arm made its Nasdaq debut on Thursday. AFP
      Shares of SoftBank's Arm surge 25% in largest IPO of the year

      Chip designer valued at more than $65bn at end of trading on Nasdaq

      TechnologySeptember 15, 2023
      Brent futures are likely to rise to as high as $95 a barrel by the end of 2023 following the announced production cut extensions, according to UBS forecasts. Reuters
      Oil prices at 10-month high after production cut extensions

      Kingdom extends cut of one million bpd and Moscow rolls over reduction of 300,000 bpd until end of year

      EnergySeptember 06, 2023
      A woman walks in front of currency exchange shops at Hamra street in Beirut. The devaluation of the Lebanese pound has exacerbated inflationary pressures. EPA
      Lebanon private sector activity falls to 7-month low

      Headline index falls from July's 10-year high as demand slows

      EconomySeptember 05, 2023
      Residential properties and commercial high-rise offices in the Jumeirah Beach district of Dubai. The robust growth of the UAE's private sector economy continued in the month of August. Bloomberg
      UAE and Saudi Arabia non-oil business activity strengthens

      Momentum continues in Arab world's largest economies with business confidence hitting a post-pandemic high in the Emirates as growth remains strong

      EconomySeptember 05, 2023
      A Bucherer store. The watch retailer has more than 100 sales outlets globally. Getty Images
      Rolex buys retailer Bucherer in surprise move

      Swiss retailer has more than 100 stores globally and will continue to operate under its own name and management

      BusinessAugust 25, 2023
      Adia has agreed to double its investment in Qualitas, an Australian real estate private credit company. Reuters
      Adia commits $451m to Australia's Qualitas as part of private credit push

      Initial tranche of options issued to Abu Dhabi Investment Authority in August 2022 are now exercisable at a strike price of A$2.50 per share

      BusinessAugust 22, 2023
      People queue at a currency exchange in Beirut. The central bank of Lebanon implemented a new official exchange rate of 15,000 Lebanese pounds to the US dollar at the start of February, weakening the currency by 90 per cent. EPA
      Lebanon inflation soars in July as central bank head term ends

      July consumer price index was about 7 per cent higher than the previous month

      EconomyAugust 21, 2023
      Majid Al Futtaim is the largest operator of shopping malls in the Middle East and also has property developments. Pawan Singh / The National
      Majid Al Futtaim first-half earnings soar 74%

      The company is planning a new development by the end of the year, its chief executive says

      BusinessAugust 21, 2023
      Disney's revenue in its fiscal third quarter jumped an annual 4 per cent to $22.3 billion. Reuters
      Disney swings to $460m loss as subscribers continue to decline

      Company records a one-time $2.6bn restructuring impairment charge

      MarketsAugust 09, 2023
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