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      Massoud A Derhally

      Massoud A Derhally

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      Articles

      Adnoc Drilling is supporting the expansion of the offshore operations of parent company Adnoc. Photo: Adnoc Drilling
      Adnoc Drilling secures $1.53bn contract to boost Adnoc's offshore operations

      More than 80% of the contract value will flow back into the UAE economy through Adnoc's In-Country Value programme

      EnergyOctober 10, 2022
      An internally displaced woman collecting drinking water in Jamshoro district of Pakistan's Sindh province. Flooding that submerged one third of the country and killed more than 1,000 people has piled pressure on its faltering economy. AFP
      Moody's slashes Pakistan's rating deeper into junk as economy deteriorates

      The government's preliminary estimates put the economic cost of floods at about $30bn, equivalent to 10% of output

      BusinessOctober 07, 2022
      IMF managing director Kristalina Georgieva called on countries to come together to stabilise the global economy. AFP
      IMF chief warns of recession risks as growth is cut ahead of $4tn output loss

      Countries need to boost efforts to address food insecurity that is now affecting 345 million people

      EconomyOctober 06, 2022
      Saudi Energy Minister Prince Abdulaziz bin Salman, centre, with other Opec+ officials at a meeting in Vienna on Wednesday. EPA
      Oil prices climb after Opec+ agrees on 2 million bpd output cut

      Crude gained more than 10% over the past week in the run-up to the first in-person meeting of the alliance in Vienna

      EnergyOctober 06, 2022
      People at a food market in Morocco. Better governance can mitigate the risk of debt distress for Mena's oil-importing countries amid a rising interest rate environment, the World Bank says. Doug Pearson / Corbis
      Mena economies set for fastest expansion since 2016, World Bank says

      Oil-importing countries are vulnerable to soaring energy prices, food inflation and higher global interest rates

      EconomyOctober 05, 2022
      Protesters carry banners outside Lebanon's central bank in Beirut as they demand their savings from Lebanese banks. AFP
      Lebanon’s business conditions at four-month low

      Exchange rate weakness continues to drive purchase costs higher

      EconomyOctober 05, 2022
      The Museum of the Future in Dubai. The UAE economy continues to record strong growth, with its non-oil sector expanding despite a global slowdown. AFP
      UAE non-oil economy activity levels rise amid robust demand growth

      Purchasing managers' index reading is second-highest since June 2019

      EconomyOctober 05, 2022
      A medic at Burjeel Hospital in central Abu Dhabi holds a dose of a vaccine developed by Chinese drug maker Sinopharm. Victor Besa / The National
      Burjeel Holdings raises $300m from oversubscribed IPO

      Offering was more than 29 times oversubscribed, drawing strong demand from the UAE and region, with total gross demand at more than $8.7bn

      BusinessOctober 05, 2022
      Opec's headquarters in Vienna, Austria. The Opec+ ministerial meeting on Wednesday is the first in-person gathering since March 2020. EPA
      Oil prices edge up as Opec+ set to meet and consider biggest output cut

      Crude has rallied on news that the supergroup of producers may slash its production levels by 1 million barrels per day

      EnergyOctober 04, 2022
      Television personality Kim Kardashian breached the anti-touting provision of the federal securities law. Reuters
      Kim Kardashian fined $1.26m by SEC for unlawfully promoting crypto security

      Celebrity failed to disclose that she was paid $250,000 to publish a post on her Instagram account about Emax tokens, the digital asset security being offered by EthereumMax, regulator says

      BusinessOctober 03, 2022
      The DFSA's decisions were issued in June 2021 but only published on Monday. Photo: DIFC
      DFSA fines KPMG and former principal over Abraaj unit audits

      Accounting firm considered defunct group to be one of its most valued clients, referring to it as 'one of our crown jewel clients' when discussing it with other member firms, regulator says

      EconomyOctober 03, 2022
      Opec's headquarters in Vienna, Austria. Global recession fears, a strong US dollar, surging inflation and monetary tightening around the world have weighed on oil markets. EPA
      Oil rallies on news of biggest potential Opec+ output cut in two years

      The 23-member alliance meets in Vienna on October 5 to determine production levels

      EnergyOctober 03, 2022
      A medic at Burjeel Hospital in downtown Abu Dhabi holds a dose of a vaccine developed by Chinese drug maker Sinopharm. Victor Besa / The National
      Burjeel IPO: UAE healthcare provider may raise as much as $368m from offering

      The subscription period for the offering runs from September 30 to October 4 for both retail and professional investors

      MarketsSeptember 30, 2022
      Mattar Al Tayer, director general and chairman of the RTA, at the bell-ringing ceremony on Thursday to celebrate the launch of Salik's trading on the Dubai Financial Market. Dubai's toll operator raised over $1bn in its IPO. Chris Whiteoak / The National
      Salik shares surge 21% on Dubai Financial Market debut

      Company is the third listing on the DFM this year after raising over $1bn in its initial public offering

      MarketsSeptember 29, 2022
      Aerial view of Abu Dhabi. Business activity in the UAE's non-oil private sector economy has bounced back strongly in 2022. Courtesy: DCT Abu Dhabi
      Emirates NBD raises UAE growth forecast to 7% in 2022

      Lender's estimate for Emirates' non-oil economy has been revised upward to 4.7% in 2022 from 4.1%

      EconomySeptember 28, 2022
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