Saudi Arabia’s insurance regulator has approved the acquisition by PIF-backed Saudi Reinsurance (Saudi Re) of a stake in UK marine and specialty insurer AdA Risk Holding. The acquisition, valued
ADNOC Logistics and Services (L&S), a subsidiary of ADNOC, has signed a contract worth approximately $900m (Dh3.3bn) with Jiangnan Shipyard for the construction of four new liquefied natural gas (LNG)
Oil prices climbed by more than 3% on 13 July, Monday, following renewed military exchanges between the US and Iran, prompting concerns over the security of global energy shipments through the Strait
Egypt is building eight integrated logistics and trade corridors connecting Asia, Africa and Europe, transport minister Kamel El-Wazir has said. Two of these are new Arab trade routes that will suppor
Abu Dhabi Investment Authority (Adia) has joined as an anchor investor in the initial public offering (IPO) of SBI Funds Management, India’s largest asset manager. The Emirati sovereign fund purchased
The state-run Saudi Ports Authority (Mawani) will invest SAR641 million ($170 million) to expand cargo-handling operations at Jeddah Islamic Port on the Red Sea. The investment will be made in partner
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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