OPEC slashes global oil demand growth forecast for 2025
The global demand growth forecast for 2025 was also lowered by OPEC to 11.4 million barrels per day...
Tag : Middle East
Volatile Middle East ripple through global markets
The global inflationary impact of a Middle East conflict extends beyond energy prices...
Oman sees 10% increase in air fares, says ACI report
The UAE saw a 22% increase in fares, while Oman experienced a 10% increase...
OPEC+ agrees to delay December 2024 output hike for one month
Due to a combination of rising supplies, weak demand, and declining prices, OPEC+ had already postponed the increase from October 2024...
IMF projects 4% growth rebound in MENA in 2025 amid geopolitical worries
The IMF has approved USD 13.4 billion in new funding to Middle East and Central Asian countries since January 2024, including for programmes in Egypt, Jordan and Pakistan...
S&P, FTSE reports bring cheers for UAE as Islamic Finance witnesses further growth
Dr. Mohamed Damak stated that S&P expects the Islamic Finance sector to grow at a high single-digit rate through 2024 and 2025, fuelled by financing needs in key countries...
UAE retail giant Lulu sets IPO price range amid Vietnam expansion prospects
Lulu, as of October 2024, has an extensive supermarket chain network in over 23 countries, including the Middle East, Asia, and Europe...
Omani group to set up USD 450 million data centre in Suez Canal zone
Oman Data Park is contributing commercial services to the project, managing the centre's daily operations, supervising the design, and offering advice on construction...
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...
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...