Articles
Lebanon inflation surged in August amid stalled reforms and no president
Consumer price index was about 1 per cent higher than July
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
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
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
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
UAE's $1.5 billion sovereign bond five times oversubscribed
Strong domestic, regional and international demand shows country's 'increasing attractiveness to foreign investors'
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
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
Lebanon private sector activity falls to 7-month low
Headline index falls from July's 10-year high as demand slows
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
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
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
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
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
Disney swings to $460m loss as subscribers continue to decline
Company records a one-time $2.6bn restructuring impairment charge