Articles
Non-oil business activity in UAE and Saudi Arabia remained robust in March
New orders and output rose sharply last month amid continued growth momentum in Saudi Arabia and the UAE
Turkey's local election surprise: What will it mean for the economy?
Shock defeat of President Erdogan's AK Party in local elections not expected to derail the country's macroeconomic policy, analysts say
Abu Dhabi economy grew 3.1% in 2023 on sharp non-oil GDP expansion
Growth momentum in sectors including construction and finance drove non-oil growth to 9.1% last year, data shows
Adnoc Distribution receives shareholders' approval for new dividend policy
Five-year plan sets an annual dividend of $700 million or a minimum of 75 per cent of its net profit, whichever is higher
Mubadala to acquire Kelix bio to expand life sciences portfolio
Abu Dhabi's strategic investment arm has signed a definitive agreement to buy the emerging markets-focused specialty pharmaceutical company
Oil prices rise amid worsening geopolitical outlook
Intensifying Russian attacks on Ukraine stoke global tension amid a lack of progress on Gaza ceasefire
Turkey increases interest rates to 50% amid mounting inflationary pressure
Country's lira is the worst performer among emerging-market currencies this month
Parkin shares surge 30% on Dubai trading debut
Company's IPO received record investor demand with deal was oversubscribed by 165 times
Borse Dubai to sell Nasdaq shares worth $1.6bn
Dubai-based company will still hold more than 10 per cent of New York exchange operator once deal is completed
Aldar sells Abu Dhabi's 'most expensive' penthouse for $37m
The three-bedroom unit covers an entire floor at Nobu Residences Abu Dhabi
Parkin raises $429m in record oversubscribed IPO deal
Investor demand for the first public offering in the UAE this year climbed to $71bn as the deal was 165 times oversubscribed
Dubai IPOs raised $9.4bn in the past three years amid economic boom
The aggregate investor demand for public floats during the period crossed $272bn
Dubai's non-oil economic activity grows at fastest rate since 2019
Business activity in the emirate maintained robust growth momentum in February
The rise and fall, and rise again, of Drake & Scull
The company has gone through two debt restructurings in the past decade and aims to resume trading on the DFM after a hiatus of more than five years
Saudi and UAE non-oil business activity rose sharply in February
Pace of output growth in the UAE hit an almost five-year high
