Oil slumps 17% in Q3 as Middle East conflict offset by slowing demand
The world's second-biggest economy and top oil importer, China, announced fiscal stimulus measures recently, but the impact on oil prices was muted...
Tag : Middle East
UAE IPOs raise USD 890 million in Q2 2024: Report
Notable IPOs on the Saudi Arabia stock market during the quarter included the IPO of Dr. Soliman Abdel Kader Fakeeh Hospital Company, which raised USD 763 million on the Tadawul stock exchange...
Growth in MENA region to reach 2.2% in 2024: IMF
The IMF report states that these figures have been revised lower than those that were released in April of 2023, which indicated growth of 2.7% in 2024 and 4.2% in 2025...
Business Leader of the Week: Under Georges Elhedery, HSBC eyes shift towards growth
Georges Elhedery’s appointment as CEO comes less than two years after he was promoted to CFO in January 2023...
NVIDIA to launch in Middle East amid American curbs on AI exports to region
Washington restricts the company's most advanced chip exports, but permits the export of some NVIDIA technology to the Middle East...
US Elections: Is Trump facing a conflict of interest?
Donald Trump says he will use his bully pulpit to promote his investment destinations, but he finds it difficult to go beyond that in terms of policy...
Emirates announces destinations for its new A350 fleet: Here are the details
Emirates will launch its first A350 to Bahrain on the daily EK839/840 route on September 15...
Oil might rise to USD 100 in Middle East due to conflict, warns World Bank
The World Bank's index of commodity prices hasn't changed significantly since the middle of 2023...
IF Insights: UAE’s digital transformation faces cybersecurity challenges
Although the UAE's Digital Strategy 2025 provides a strong basis for a digital future, it also necessitates the improvement of cybersecurity measures in tandem...
Qatar banks shine, record 8% profit growth in GCC: KPMG report
According to the KPMG report, Qatar National Bank has maintained its position as the largest bank in the GCC, with assets worth USD 338 billion...