Massoud A Derhally

The UAE Strategic Investment Fund and Shamal Holding commit $77.3m as cornerstone investors to the offering

The Fed raised its key policy rate by 75 basis points to control inflation, which is at a four-decade high, amid surging energy prices

Kingdom's economy expanded 10.4% on annual basis, driven by higher oil prices

The world's biggest energy importer has reintroduced movement restrictions to city districts of Shanghai and is testing millions of residents as part of its zero-Covid policy

Group consists of 10 business districts and its shares are expected to start trading on the bourse on July 5

Ukraine war and inflation have increased risk of slowing growth

Crude prices have rallied more than 70% since last year, driven by a rebound in demand in economies recovering from the pandemic and a tightening market due to the Ukraine war

Company is the fourth Adnoc subsidiary that has listed on the second-biggest Arab stock market

Market remains tight as China emerges from Covid-related lockdowns, the EU moves forward with its ban on most Russian oil imports, and consumption rises during the summer season

Sixth round of sanctions by bloc forbids purchase of seaborne hydrocarbon products but includes a temporary exemption of pipeline deliveries

Crude prices have gained more than 70% since last year on supply concerns, the Ukraine war and higher demand

Government moves to consolidate its finances to reduce its deficit after inflation hit 13.4% in April

Capital flows to emerging markets predicted to fall 36% to $645bn in 2022, Institute of International Finance says

Social media company's shares jump nearly 6% in after-hours trading following news of the financial disclosure

This is the 22nd consecutive triple-digit increase in the country's consumer price index