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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
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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