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Massoud A Derhally

Massoud A Derhally

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International capital is increasingly flowing into deals in the region. Abu Dhabi National Oil Company attracted billions of dollars in investment into its crude pipeline infrastructure, striking agreements with GIC, Singapore’s sovereign wealth fund, as well as BlackRock, KKR and the Abu Dhabi Retirement Pensions and Benefits Fund. Wam
Middle East assets under management set to grow further after 52% gain

AUM reached $35bn as of the third quarter of 2021, data and analytics specialist Preqin says

BusinessMay 20, 2022
A Tesla electric vehicle sits in a charging station at a dealership, in Dedham, Massachusetts. Shares of Tesla and Twitter have tumbled this week. AP Photo
Camera17
Why Tesla was removed from the S&P 500 ESG Index?

Elon Musk labelled the exclusion 'a scam'

TechnologyMay 19, 2022
Nintendo, the owner of the Super Mario franchise, is the world's second-largest gaming company by market capitalisation, according to Statista. AFP
Saudi Arabia's Public Investment Fund snaps up 5% stake in Nintendo

The kingdom continues to strengthen its position in the lucrative global gaming market

TechnologyMay 18, 2022
The Twitter logo on the trading floor of the New York Stock Exchange. The company's shares closed sharply lower on Monday. AP
Twitter slumps as Musk seeks to buy it for less and wants proof of bot claims

Mr Musk told a private conference in Miami that a lower price for the social media company is appropriate

MarketsMay 17, 2022
Reuters
Aramco first quarter profit surges on higher oil prices

Net income of the world's largest oil producing company increased 82% to $39.47bn from the same period a year earlier

EnergyMay 15, 2022
Elon Musk has secured more than $7.1 billion in new equity funding from a group of investors to help finance his $44bn acquisition of Twitter. Reuters
Musk says Twitter deal is temporarily on hold

The Tesla chief awaits confirmation that spam or fake accounts represent less than 5 per cent of the platform’s users

TechnologyMay 13, 2022
Sheikh Ahmed bin Saeed says the Emirates Group expects to return to profit between 2022 and 2023. Pawan Singh / The National
Camera11
Emirates narrows annual loss as travel demand recovers

The airline carried 19.6 million passengers, a threefold increase from the previous year

AviationMay 13, 2022
Abu Dhabi Ports Group owns and operates 10 ports in the UAE. AP
Abu Dhabi Ports profit soars on higher revenue in first quarter

Container volumes grew by 23 per cent year on year during the reporting period

BusinessMay 13, 2022
Fertiglobe says it is focused on running its assets efficiently and using global supply chains to address potential food security concerns. Photo: Fertiglobe
Fertiglobe's first-quarter profit surges on rising prices

Company expects a cash distribution of at least $700m for the first half of 2022, compared with a previous guidance of about $200m

MarketsMay 12, 2022
Waha Capital said first-quarter results were driven by its 'resilient' public markets business. Reuters
Abu Dhabi-listed Waha Capital's first-quarter profit surges 32%

Total assets under management grew an annual 8% to $1.7bn

MarketsMay 11, 2022
Oil pump jacks at the Midway-Sunset Oil Field in California. Oil prices have rallied on tighter market conditions, the fallout of Russia's war in Ukraine and the resurgence of Covid-19 in China. Bloomberg
Oil extends gains as Opec+ sticks with production plan

Brent and West Texas Intermediate benchmarks are up more than 60 per cent since last year

EnergyMay 06, 2022
The Opec+ alliance achieved a historic reduction of 9.7 million bpd between May 2020 and July. AP
Opec+ sticks to June output plan as oil prices continue to rise

The 23-member super group of producers will continue to add 432,000 barrels per day of crude to the market in June

EnergyMay 05, 2022
The UAE flag displayed on Burj Khalifa. The Central Bank of the UAE, along with other regional central banks, has increased key interest rates following the Fed move. Pawan Singh / The National.
GCC central banks raise interest rates after US Federal Reserve move to curb inflation

Consumer prices in the world's largest economy rose 8.5 per cent in March

EconomyMay 05, 2022
Europe is the destination for nearly half of Russia's crude exports, according to the International Energy Agency. Reuters
Oil prices jump as EU proposes phased Russian crude embargo

Brent crude was up more than 3% in signs of tightening supply as the 27-member bloc outlined a proposal to ban oil imports from the world’s third-largest oil producer

EnergyMay 04, 2022
Elon Musk's Twitter profile on a smartphone. The world's richest man may take the company public again. Reuters
Musk tells potential investors he may take Twitter public again after $44bn deal

The social media company could list within three years

TechnologyMay 04, 2022
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