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Sarmad Khan
Company & Markets Editor

Beijing's central business district. The IMF says China and India have accounted for half of the global growth this year. Getty Images
IMF cuts growth forecast for Middle East economies

States face significant uncertainty as Gaza conflict threatens to spill into broader region

July 16, 2024, 1:00 PM
A Kuwait Oil Company onshore oilfield. The country aims to boost its crude production to 4 million barrels a day by 2040. AFP
Kuwait says oil and gas discovery set to boost crude production

Preliminary estimates suggest the latest discovery at the Al-Nokhatha field could yield approximately 3.2 billion barrels of oil equivalent

July 15, 2024, 9:09 AM
TM Roh, head of mobile at Samsung Electronics Co. , during a launch preview for new products in Paris, France, on Tuesday, July 9, 2024.  The company that pioneered the foldables segment in 2019 staged a gala event in Paris on Tuesday to unveil its new products, the $1,90 Galaxy Z Flip 6 and $1,900 Galaxy Z Fold 6. Photographer: Nathan Laine / Bloomberg
Samsung Unpacked: Galaxy Z Fold 6 and Flip 6, all you need to know

South Korean giant launches new generative AI-powered devices and expands its range of wearable tech

July 11, 2024, 8:20 AM
An Iranian waves the flags of Iran as the Iranian president-elect visits the shrine of former Iranian supreme leader Ayatollah Ruhollah Khomeini in Tehran. Getty Images
How likely is a change in Iran's economy under new presidency?

Masoud Pezeshkian's main tasks will be to push for the removal of western sanctions and bring down inflation, analysts say

July 08, 2024, 10:43 AM
Adnoc Drilling said its new rigs will operate on new and established artificial islands. Photo: Adnoc
Adnoc Drilling awarded $733m contract for three island rigs

Additions will increase company's rig count to 148 by 2026

July 03, 2024, 8:42 AM
Adia Headquarters in Abu Dhabi. The sovereign investment arm of the emirate is one of the world's largest investment funds. Delores Johnson / The National
GCC sovereign investors lead global deal-making in H1 with focus on green deals

GCC funds accounted for more than half of global sovereign investments in the first six months of this year, Global SWF says

July 02, 2024, 1:00 PM
Adnoc L&S currently has 14 vessels in its fleet including crude and gas carriers. Photo Adnoc L&S
Adnoc L&S awards $2.5bn contracts to Korean shipbuilders for eight LNG carriers

The company says it has committed more than 50 per cent of its $5bn investment target announced last year

July 01, 2024, 9:13 AM
Egypt faced a severe foreign currency crisis last year that led to the emergence of a parallel market in the country and a drop in remittances through official channels. EPA
Remittances to Mena's low-income countries set to grow at fastest pace

Flows to the region will rise by 4.3 per cent to $58 billion this year and $61 billion in 2025, the World Bank says

June 27, 2024, 10:45 AM
Infinity is among several developments that Omniyat is building in Dubai. Photo: Omniyat
Dubai luxury developer Omniyat to more than double portfolio to $27bn

Ultra-luxury assets to account for half of Dubai developer's portfolio as it seeks expansion in the UAE and GCC markets

June 25, 2024, 2:16 PM
Mohammed bin Salman, then Deputy Crown Prince of the kingdom, at a press conference in Riyadh to announce the Vision 2030 programme in April 2016. AFP
Saudi economy seven years after Crown Prince Mohammed's appointment

Mohammed bin Salman became Crown Prince in June 2017 and has since transformed the kingdom's economy and its social fibre

June 21, 2024, 3:00 AM
Agility's global logistics parks business is spread across markets across the Middle East, Africa and South Asia. Photo: Agility Logistics
Agility considers dual listing ADX-traded subsidiary on Saudi Tadawul

Company's vice chairman says plan will allow investors and shareholders access to region's two largest equity markets

June 13, 2024, 3:00 AM
The bell ringing ceremony as Alef Education is listed on the Abu Dhabi Securities Exchange. Photo: Alef Education
Alef Education shares slump on ADX trading debut

Drop in stock is in sharp contrast to strong investor demand company received for its IPO

June 12, 2024, 10:53 AM
Edge exports 20 per cent of its products to different markets around the globe. AFP
Edge and Adani Defence and Aerospace sign co-operation pact

Companies to explore setting up R&D centres in the UAE and India, as well as assessing opportunities to establish global platform

June 11, 2024, 10:22 AM
Nannette Hechler-Fayd’herbe says sovereigns and the corporate sector in the Mena region, particularly in the GCC, require funding to maintain growth, which translates into more issuances. Photo: Lombard Odier
Mena economic potential warrants rethink of institutional investment strategy

International investors mostly don't understand the region and its asset classes and are missing out on opportunities, Lombard Odier executive says

June 05, 2024, 5:00 AM
Ahmed Abdelaal says the ultimate objective is to morph Mashreq into a banking as a service (BaaS) platform. Leslie Pableo / The National
Mashreq CEO Ahmed Abdelaal is taking the lender into the new age

Exclusive: Banking veteran is driving growth and digital transformation after taking over from Abdulaziz Al Ghurair, Mashreq's chief executive of almost three decades

May 30, 2024, 6:08 AM