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      Massoud A Derhally

      Massoud A Derhally

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      Articles

      Pope Benedict visited the King Hussein Bin Talal Mosque, Jordan’s largest place of worship for Muslims, where he met with representatives of the Muslim community. Massoud Derhally / The National
      Reflecting on Pope Benedict XVI’s visit to Jordan

      A visit by a spiritual figure like the pope came at a critical juncture

      JordanDecember 31, 2022
      A trader at the New York Stock Exchange. Brent, which hit a 14-year high of $140 a barrel in March, has since lost most of its gains. Reuters
      Oil prices end 2022 higher despite demand concerns

      A surprise rise in US crude stocks is weighing on futures

      EnergyDecember 31, 2022
      The Tadawul All Share Index, the Arab world's largest stock market, has bucked the global slowdown of initial public offerings this year. AFP
      Aramco's Luberef begins trading on Tadawul after $1.32bn IPO

      Company's listing is Saudi Arabia's third-largest IPO this year after Americana and Nahdi Medical

      MarketsDecember 28, 2022
      Beijing Capital International Airport. China will end its quarantine requirements for inbound travellers at the end of next week. Reuters
      Oil gains on China easing pandemic restrictions and US winter storms

      World's biggest importer of crude is ending some of its most stringent Covid curbs on January 8

      EnergyDecember 27, 2022
      A street seller stands by his cart near a closed Bank of Beirut branch in Beirut. Reuters
      Lebanon inflation rate increases 189% in first 11 months

      The country's Consumer Price Index in November surged to 142.4%, with the cost of water, electricity, gas and other fuels rising more than four times

      EconomyDecember 26, 2022
      Elon Musk said he will resign as chief executive of Twitter once he finds a replacement. AFP
      Elon Musk says he will resign as Twitter chief executive

      Billionaire says he will step down once a replacement is found

      TechnologyDecember 21, 2022
      A trader works on the floor of the New York Stock Exchange. Oil prices have slumped after rallying earlier in the week. AP
      Oil prices slip on mounting recession fears and rising interest rates

      The central banks of the US, Europe and the UK raised borrowing rates by half a percentage point

      EnergyDecember 16, 2022
      The Abu Dhabi skyline. The UAE economy is set grow at its fastest pace in more than a decade this year. Bloomberg
      GCC central banks raise interest rates after Fed's final increase of year

      The US regulator increased its key policy rate by half a percentage point to fight inflation, which hit a four-decade high in 2022

      EconomyDecember 14, 2022
      Aldar Properties and Mubadala Investment Company have acquired Al Maryah Tower on Al Maryah Island
      Aldar and Mubadala buy Abu Dhabi commercial tower in $122.5m deal

      Transaction brings Aldar’s capital investment into recurring income assets to $2bn in the year to date

      PropertyDecember 14, 2022
      Opec's headquarters in Vienna. AP
      Oil prices climb as US inflation cools and Opec sticks to outlook

      US Federal Reserve set for softer interest rate increase this week

      EnergyDecember 13, 2022
      The Dubai skyline. Companies in the emirate reported a solid upturn in new business volumes in November. AFP
      Dubai's non-oil private economy stays 'robust' on rising output

      S&P Global purchasing managers' index shows modest increases in staffing and inventories

      EconomyDecember 13, 2022
      Americana Restaurants chairman Mohamed Alabbar (centre) and the company's vice chairman Abdulmalik Al-Hogail ring the bell at the debut of the company's shares on the Abu Dhabi Securities Exchange (ADX) as Hisham Malak, chairman of ADX looks on. Americana, founded in Kuwait in 1964, introduced fast-food restaurants in the region in 1970. Photo: Victor Besa / The National
      Americana shares surge on market debut after raising $1.8bn in IPO

      Fast-food restaurant operator is Saudi Arabia's largest IPO this year and the first company to be dually listed in the kingdom and the UAE

      MarketsDecember 12, 2022
      Saudi Aramco engineers at plant in Hawiyah, Saudi Arabia. Luberef, the state oil company's refining unit, will list on the kingdom's Tadawul market. AP
      Saudi Aramco unit Luberef set to raise $1.32bn from IPO

      Company offering includes a 29.7% stake sale and listing on the Tadawul exchange

      MarketsDecember 11, 2022
      The UAE's new federal corporate tax law will come into effect in 2023. Khushnum Bhandari / The National
      Camera5
      UAE issues federal corporate tax law

      Some businesses or organisations are exempt from corporate tax given their importance and contribution to the economy

      BusinessDecember 09, 2022
      Saudi Crown Prince Mohammed bin Salman signs the budget during a ministerial council meeting in Riyadh on Wednesday. AFP
      Saudi Arabia posts largest surplus in nearly a decade

      Government approves a $296bn budget for next year after high oil prices boost revenue in 2022, leading to the first fiscal surplus since 2013 of $27bn

      BusinessDecember 08, 2022
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