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

September 26, 2023, 9:52 AM
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

September 25, 2023, 7:49 AM
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

September 22, 2023, 4:31 AM
A picture of The Abdali area, the new downtown of Amman, the capital's largest mixed-use urban development ever constructed. Photo: Abdali
Jordan'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

September 21, 2023, 3:00 AM
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

September 20, 2023, 6:16 PM
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'

September 19, 2023, 5:08 AM
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

September 15, 2023, 4:07 AM
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

September 06, 2023, 3:31 AM
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

September 05, 2023, 10:45 AM
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

September 05, 2023, 4:34 AM
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

August 25, 2023, 4:36 AM
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

August 22, 2023, 11:19 AM
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

August 21, 2023, 8:21 AM
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

August 21, 2023, 5:12 AM
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

August 09, 2023, 11:06 PM