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Business, Economy, Infographic

ADNOC Drilling secures $1.15bn contract

The contract for two jack-up rigs begins in the second quarter.

Etihad Q1 profit $187 million

This is a 30% YoY increase over Q1 2025.

Yalla Group Q1 revenue $83m

Net income rose to $36.4 million, a 17% YoY increase.

Qatar Airways annual profit $2bn

This was a record 28% jump in annual net profit.

Masdar issues $1bn bond

Its green bond program hits $2.75 billion.

Saudi, UAE report highest levels of gross debt

By TRENDS Desk
January 10, 2024 6:13 pm
  • Developing countries spent a record $443.5 billion to service their external public and publicly guaranteed debt in 2022, the World Bank said recently.
  • The increase in costs shifted scarce resources away from critical needs such as health, education, and the environment.

Dubai, UAE — The World Bank recently said that amid the biggest surge in global interest rates in four decades, developing countries spent a record $443.5 billion to service their external public and publicly guaranteed debt in 2022.

The increase in costs shifted scarce resources away from critical needs such as health, education, and the environment. Saudi Arabia and the UAE, the biggest economies in the Arab world, reported the highest levels of gross debt in the region.

TRENDS takes a look at debt situation in some of the Arab countries vis-a-vis the global rankings:

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