Du reported a 9.8% y-o-y increase in 2Q 2026 net income to AED 797.8 mn, while revenue rose 4.6% to AED 4.1 bn, according to its financials (pdf). Stronger service revenue and cost discipline helped ...
Dubai-based Magellan Capital launched a new open-ended credit fund targeting SME and individual borrower financing across the GCC and Europe, with USD 50 mn in seed capital and an AUM target north of ...
Consultancies are facing AI-driven pressure and a demand slowdown, with Cooper Fitch expecting only a partial consulting rebound in 2027 ...
The gap between French and German borrowing costs has widened to levels not seen since the eurozone’s sovereign debt crisis. That revives a question the bloc thought it had settled: whether one member ...
This year’s El Gouna Film Festival wraps up tonight, but behind its red carpet sits an industry where a hit film at home can still lose money. A mid-budget Egyptian feature now costs an average of EGP ...
Abu Dhabi is turning its clinical and genomic data into a draw for global drugmakers, and Lulu is going big in one of India’s ...
Gulf Air appoints new CEO: Bahrain’s flag carrier Gulf Air has tapped Martin Gauss (LinkedIn) as chief executive officer, with the appointment slated to take effect on 4 November, BNA reports. A ...
Nabta reached the second close of its USD 3 mn pre-Series A round. The UAE-based preventive healthcare platform for women will use the funding to commercialize and scale up as it moves out of R&D and ...
The Future Investment Initiative (FII), the Kingdom’s flagship investment conference, has been pushed to next year. FII — also referred to as Davos in the Desert — was due to run this month, with ...
Social sustainability is where ESG shows up in people’s lives. It comes down to access to opportunity, the dignity of work, financial inclusion, health, ...
At home, the USD jumped to EGP 55 for the first time, while Banque du Caire’s IPO and MNT-Halan’s EGX debuts drew strong demand.
Saudi Arabia and Qatar are pushing more oil and gas around the Strait of Hormuz, but both are still far short of pre-war volumes. Saudi crude exports rose 7.9% m-o-m in August to 4.451 mn bbl / d, ...
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