OPEC+ nations seek rebound in crude oil supply after production cuts
Brent crude recorded a loss of 10 percent in the past two...
Middle East
Saudi’s PIF establishes 2 subsidiaries to boost economy
The PIF currently has net worth of $360 bn and ranks 8th...
Sultanate of Oman sees drop in residential and commercial property renting business
The total expat population in Oman recorded a year-on-year 2.9 percent slump...
Abu Dhabi National Oil Company carries out placement to institutional investors
The placement will boost ADNOC Distribution’s free float to 20 percent...
Saudi Electricity Company to float green dollar bond
The state-controlled company will look for potential investors based in the Middle...
MTN seeks to foray into Africa by ending its Middle Eastern operations
Currently, there are 257 MTN million customers in 21 countries...
NMC Health seeks $250 mn fresh funding to stay afloat
The healthcare operator is facing debt allegations...
STC delays purchase of stake in Vodafone Egypt by two months
Earlier, STC agreed to buy a 55% stake in Vodafone Egypt...
DP World Sokhna welcomes its largest container ship to date
DP World welcomed the new CMA CGM Brazil is 366 meters long...
UAE to develop largest gas-fired power plant despite Covid-19
The project has the capacity to generate power for 380,000 households in...