Banking and FinanceTop StoriesThree banks exit, five enter Kenya’s oil import deal with Gulf majorsGBO CorrespondentJuly 26, 2024 GBO CorrespondentJuly 26, 2024 Equity Group, United Bank of Africa, Diamond Trust Bank, I&M Bank, and...
MarketsTop StoriesUAE’s debt capital market likely to top USD 300 billion in 2025: FitchGBO CorrespondentJuly 24, 2024 GBO CorrespondentJuly 24, 2024 Fitch rates sukuk issued in the United Arab Emirates at USD 26.5...
EconomyTop StoriesMENA Watch: Challenges & opportunities in region’s start-up ecosystemGBO CorrespondentJuly 17, 2024 GBO CorrespondentJuly 17, 2024 Due to the war in Gaza and the possibility of a further...
EconomyTop StoriesFitch maintains UAE’s ‘AA-‘ rating, here are the reasonsGBO CorrespondentJuly 2, 2024 GBO CorrespondentJuly 2, 2024 Fitch stated that even with a moderate government debt-to-GDP ratio, the UAE's...
MarketsTop StoriesThree new IPOs add USD 21.3 billion to UAE’s stock market capitalisationGBO CorrespondentJune 27, 2024 GBO CorrespondentJune 27, 2024 As a result of the new listings and IPOs, the market became...
EconomyTop StoriesUAE Central Bank revises inflation forecast downwards for 2024GBO CorrespondentJune 26, 2024 GBO CorrespondentJune 26, 2024 The non-tradable portion of the consumer basket is expected to be the...
EnergyTop StoriesWith record low cost, Saudi Arabia leads Middle East’s solar revolutionGBO CorrespondentJune 5, 2024 GBO CorrespondentJune 5, 2024 Nearly two-thirds of the solar capacity in the Middle East is anticipated...
Banking and FinanceTop StoriesMENA Watch: IPOs kick off Q1 2024 with strong momentumGBO CorrespondentMay 22, 2024 GBO CorrespondentMay 22, 2024 The UAE has one announced IPO, whereas the KSA has 21 announced...
FinanceTop StoriesDubai SME to provide assistance to businesses affected by weather conditionsGBO CorrespondentMay 1, 2024 GBO CorrespondentMay 1, 2024 The new program delays loan repayment for impacted Dubai SME members who...
FinanceTop StoriesSupermarket chain Spinneys 1961 plans IPO on Dubai Financial MarketGBO CorrespondentApril 23, 2024 GBO CorrespondentApril 23, 2024 In the UAE and Oman, Spinneys 1961 Holding PLC runs 75 upscale...