UAE’s UPP Capital plans to reacquire 12.5% stake in Palm Hills Developments
In July, AAIB acquired 381.9 million shares worth EGP 544.2 million in...
Middle East
Samba, NCB to create Saudi’s $220 billion mega-bank
The merger is a part of the Kingdom’s Vision 2030 strategy...
Saudi housing market thrives due to digital transformation
The Kingdom’s GDP and the national economy has been burgeoning due to...
Bahrain sets new radio communication rules to attract foreign investors
The national frequency plan is the first of its kind for Bahrain...
UAE sees surge in high net worth individuals
Dubai recorded the highest with 49,500 millionaires, 2,300 multimillionaires and nine billionaires...
Saudi Aramco, Sumitomo Chemical lend $2bn loan to bolster JV’s working capital
Sumitomo Chemical will provide 37.5 percent of the loan...
Global oil investors worry over oil refiner’s performance
ExxonMobil is removed from the Dow Jones index...
JLL arranges joint venture equity deal for Brennan Investment and Arbah Capital
JLL is working with Wintrust Bank to set up a five-year, floating-rate...
Abu Dhabi Ports takes over MICCO Logistics for undisclosed sum
The acquisition bolsters Abu Dhabi Ports’ capabilities to manage activities such as...
Iran’s oil exports continue to thrive despite US sanctions
Iran exported more crude oil than expected in August...