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      Massoud A Derhally

      Massoud A Derhally

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      Articles

      US Federal Reserve Chairman Jerome Powell. The Fed meets next week but investor and market expectations of what it will do next are mixed. Bloomberg
      To raise or cut interest rates? Fed faces balancing act amid SVB fallout

      US Consumer Price Index reading for February increased an annual 6% complicating the central bank's next monetary policy decision

      BankingMarch 14, 2023
      ADNOC's recently formed gas unit will launch on the Abu Dhabi stock market on March 13 in a $2. 5 billion initial public offering aimed at tapping into high demand for the fuel. AFP
      Adnoc Gas share price surges on Abu Dhabi debut

      Company is the fifth Adnoc subsidiary to list on the second-biggest Arab stock market

      MarketsMarch 13, 2023
      Employees stand outside the headquarters of Silicon Valley Bank in Santa Clara, California, after it was closed. AFP
      Fed says Silicon Valley Bank depositors will have access to all funds

      Regulator will also support other lenders to ensure they meet depositors' needs

      BankingMarch 13, 2023
      A board shows currency exchange rates in Tehran, Iran. Reuters
      Iran's rial gains after diplomatic ties with Saudi Arabia restored

      Currency rebounds after hitting record low against the US dollar

      BusinessMarch 12, 2023
      Aramco oil tanks in Abqaiq, Saudi Arabia. The state energy company will raise crude production to 13 million barrels per day by 2027. Reuters
      Aramco's profit soars 46% to record $161bn on higher oil prices

      Company declares a $19.5bn dividend for the fourth quarter of 2022 to be paid in the first quarter of 2023

      EnergyMarch 12, 2023
      Dubai Creek. The emirate's travel and tourism sectors reported a surge in activity last month, compared with January. AFP
      Sharpest output expansion in four months boosts Dubai's non-oil economy

      S&P Global purchasing managers' index shows the construction sector registered its strongest upturn in output since June 2019

      EconomyMarch 09, 2023
      An Al Ansari Exchange branch in Abu Dhabi. The company has 231 branches in the UAE. Delores Johnson / The National
      UAE money exchange operator Al Ansari to list 10% stake

      Company is selling 750 million shares and expects to start trading on the Dubai Financial Market on April 6

      MarketsMarch 09, 2023
      Abraj Energy Services will be listed on the Muscat Stock Exchange on March 14, subject to it receiving regulatory approval. Photo: Syed Basheer Ahmed
      Oman's OQ drilling unit raises $244m in IPO

      Company's initial public offering drew about $2 billion in bids

      EnergyMarch 07, 2023
      Ahmed Al-Khateeb, Saudi Arabia's Minister of Tourism and SFD chairman, with the Central Bank of Turkey Governor Sahap Kavcıoglu. Photo: Saudi Fund for Development
      Saudi Arabia deposits $5bn in Turkey's central bank

      Funds will help bolster the country's economy and reflect the kingdom's support for the Turkish people

      BusinessMarch 06, 2023
      The Abu Dhabi Securities and Exchange has experienced a rush of listings in recent years. Victor Besa / The National
      G42 company Presight AI plans to raise $496m from Abu Dhabi bourse listing

      Company enters into a cornerstone investment agreement with International Holding Company

      MarketsMarch 06, 2023
      Gwyneth Paltrow is looking to invest in consumer goods and tech companies through Kinship Ventures. Bloomberg
      Gwyneth Paltrow 'raising $75m' for Kinship Ventures fund

      Actress joins other celebrities pivoting towards private equity and investing in start-ups

      BusinessMarch 03, 2023
      The Dubai skyline. The UAE economy is expected to grow by 3.9 per cent in 2023. AFP
      UAE's non-oil economy expands at strongest pace in four months

      Sales growth remains solid, with the purchasing manager index survey registering fastest improvement in lead times since September 2019

      BusinessMarch 03, 2023
      A general view of Adnoc headquarters in Abu Dhabi. The state oil company sold more than 3.8 billion shares in its gas unit. Reuters
      Adnoc Gas raises $2.5bn from year's biggest offering

      Company drew more than $124 billion in interest from investors

      MarketsMarch 03, 2023
      A vegetable market in Karachi. Pakistan's finances have been wrecked by years of financial mismanagement and political instability. AFP
      Moody's slashes Pakistan's rating further into junk as external risks rise

      Country's external financing needs for the rest of the fiscal year ending June 2023 are estimated at about $11 billion

      EconomyMarch 01, 2023
      Budget airline flydubai carried 10.6 million passengers in its 2022 financial year, up 89 per cent from 2021. Photo: flydubai
      Flydubai's full-year profit surges 43% to record $327m

      Annual revenue grew 72% to $2.5bn in 2022, compared with the previous year

      AviationMarch 01, 2023
      More Articles

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