Japanese Prime Minister Sanae Takaichi signaled her acceptance of the Bank of Japan’s interest rate increase last week by reiterating a standard line touting government coordination with the central b
Altérra, the UAE’s $30 billion climate investment fund, has bought into Inkia Energy, Peru’s largest independent power producer, as the Gulf entity seeks to expand its global portfolio. This is Altérr
Uber co-founder Travis Kalanick has told AGBI that his latest Middle Eastern venture is ready to list on the Saudi stock market. Kalanick, the CEO and founder of AI and robotics company Atoms, said th
Oil prices dropped to their lowest point since early March on 18 June, following the announcement of a US-Iran interim agreement aimed at ending the conflict and reopening the Strait of Hormuz.
The Zululand Energy Terminal (ZET) has executed a heads of agreement (HoA) with ExxonMobil South Africa LNG, an affiliate of ExxonMobil, to establish South Africa’s first liquefied natural gas (LNG) i
Oil gave up early gains and Asian stocks climbed as investors welcomed signs of progress in diplomatic talks between the US and Iran.
Brent holding $80-85 range. OPEC+ discipline intact through Q3. Non-OPEC supply growth slowing. Asian demand forecast revised up 0.4% by IEA.
GCC bank profits up 18% YoY. NIMs stabilizing. Loan growth strongest in Saudi (22%) and UAE (16%). DIFC: 47 new fintech licenses Q1.
Dubai residential transactions hit AED 42B in April — monthly record. Saudi giga-project awards reached $18B Q1.
Gulf VC: $1.2B across 84 deals Q1. Saudi startups 37% of total. Fintech and logistics lead. 3 deals above $50M in Riyadh.
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