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BP announces $7bn gas project

The project aims to unlock 3 trillion cu ft of gas resources in Indonesia.

Lulu Retail Q3 profit $35m

For the nine-month period, net profit increased by 73.3%.

Talabat IPO offer price range announced

The subscription will close on 27 Nov for UAE retail investors.

Salik 9M net profit $223m

The company's third-quarter profit increased by 8.8 percent.

Avia to buy 40 Boeing aircraft

The transaction for the purchase of 737 MAX 8 jets valued at $4.9bn.

Mega projects bet high on diversified future

This TRENDS infographic dives into Saudi Arabia’s ambitious transformation to discover how the Kingdom is reshaping its future with high...

Strong growth key to GCC’s FDI appeal

Saudi Arabia has reentered into this year's Kearney FDI Confidence Index, which ranks the markets likely to attract the most...

Banks rule GCC in market capitalization

Banking firms in the Arabian Gulf countries dominate the list of top companies in terms of market capitalization with Saudi...
  • Al Rajhi Bank's market capitalization stands at $80.65 billion
  • In energy sector, Saudi Aramco is much ahead of others with $1.86 trillion

Double-digit growth for Middle East cities

Except Beirut, most Middle Eastern cities have witnessed growth in double digits in terms of population from 2015 until 2021.
  • Manama registered 51% growth in population between the years 2015 and 2021
  • Economic, social and political crises have impacted the overall growth of the Lebanese capital

Iraqis saddest people in Arab region: Report

Political, economic and social crises in the Middle East countries has led to an implosion of negative emotions among their...
  • Lebanon, Egypt and Tunisia follow Iraq, according to Gallup World Poll.
  • Research has revealed that emotions usually drive bad investment decisions.

IMF’s SDR allocation to benefit rich MENA nations

The SDR is an international reserve asset, created by the IMF in 1969 to supplement its member countries’ official reserves.
  • The SDR is an international reserve asset, created by the IMF in 1969 to supplement its member countries’ official reserves
  • SDR allocations will help most vulnerable countries struggling to cope with the impact of the COVID-19 crisis

MENA firms: The public-private games go on

Two key Dubai firms — Dubai parks operator DXB Entertainments and Dubai ports operator DP World — have de-listed from...
  • Companies in MENA region, once enticed by the prospect of growth, looked to be listed on global exchanges
  • However, mandates like following transparency norms are putting them off even further

ADX is the least expensive equity market in MENA

ADX has plans to get at least 10 companies as well as additional services such as derivatives trading by the...
  • ADX has plans to get at least 10 companies as well as additional services such as derivatives trading by the end of 2021
  • The cost of execution includes several components and depends on the exchange

How will new remittance rules affect Lebanon?

The new rule authorizes banks to buy dollars from fresh dollar accounts without a customer's permission.
  • Lebanon ranked third in the Arab world in receiving remittances in 2020
  • Dollars entering Lebanon in the first half of 2021 were higher by 50 percent than those over the same period in 2020

GCC airlines may continue to fly into losses

In 2020, airlines lost around $370 billion globally, while airports and air navigation services providers lost $115 billion and $13...
  • The regional carriers will benefit from rapid vaccination rates on home markets
  • Net losses of the airlines in all regions are expected to come down in 2021

The chips are down: why there’s a semiconductor shortage

The car industry has been the most visible victim so far, with many brands forced to slow their output in...

Partial lockdown in Abu Dhabi on July 19 to carry out sanitation program

The lockdown will come into effect at midnight and will go on until 5 am The movement of traffic and...

Mega projects bet high on diversified future

This TRENDS infographic dives into Saudi Arabia’s ambitious transformation to discover how the Kingdom is reshaping its future with high...

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Abu Dhabi, Dubai gain as realty prices rise in UAE

The UAE’s real estate market flourished during November as sales in Dubai alone crossed 10,000 transactions, the highest recorded since...

GCC IPOs resilient to volatility hurting other markets

Various IPOs raised nearly $4.8 billion in the GCC in the first five months of 2022 alone, which was higher...

Will Gulf economies expand despite global woes?

Thanks to a strong rebound in domestic activities and higher oil prices, the latest IMF report suggests the GCC economies...

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Bahrain made the highest rate hike in GCC region

Many Gulf states, including the region's two biggest economies, raised key interest rates earlier this month after the US Fed...
  • The Fed raised the rate by three-quarters of a percentage point for the fourth straight time.
  • The impact of higher interest rates among Gulf oil exporters in 2022 has so far been limited.

Oman’s Loan-to-Deposit ratio best in GCC

The Gulf region’s loan-to-deposit ratio fell by 160 basis points in the second quarter of 2022, due to higher customer...
  • The loan-to-deposit ratio dropped below 80 percent for the first time in seven quarters in August.
  • A drop in LDR means increased level of liquidity, which in turn indicates that banks are more capable of dealing with unforeseen events like loan losses.

UAE, China eye $200bn bilateral trade by 2030

The UAE is China’s most important trade partner in the Arab world and responsible for 28 per cent of total...
  • It re-exports more than 60 percent of Chinese exports to the region, where the value of trade exchange between the two countries has exceeded $70 billion.
  • Ali Obaid Al Dhaheri, UAE Ambassador to China, said early this month that UAE and China ties were a "successful model" for international bilateral relations.