Saudi Arabia’s Acwa and US investor EIG have signed definitive agreements to form Plenum Power, targeting an initial equity commitment of about USD 4 bn to invest in US power. Plenum will invest in ...
Adnoc may sell its entire 10% stake in global storage operator VTTI, with India’s Adani Group among the suitors, Bloomberg reported, citing people it says are familiar with the matter. VTTI runs ...
Higher costs are eating into NMDC Group’s earnings even as revenue holds steady: The Abu Dhabi-based marine and energy contractor’s bottom line fell 24% y-o-y to AED 768 mn in 3Q 2026, while its top ...
The Gulf’s push to bypass the strait is creating a market for pipelines — while the disruptions are making those pipes hard to deliver. Abu Dhabi’s Al Gharbia Pipe Company expects demand for ...
Good morning, friends. The region’s workarounds are load-bearing now, and today we check how much weight they can take. Going around Hormuz by road ...
Dubai-based alternative investment and PE firm EightClouds launched a UAE-focused residential investment fund targeting USD 300 mn in commitments, according to a press release (pdf). The new vehicle ...
Aramco has completed its purchase of a 49% stake in Saudi AI company Humain, investing USD 2.6 bn in a company whose services it plans to use across its own operations, according to a press release.
The Capital Market Authority (CMA) wants to put Saudi Arabia’s weakest listed companies under a public turnaround regime. Under a draft overhaul (pdf) of the corporate governance rules, out for ...
The non-oil economy is eking out growth, but it’s not enough to offset the oil slump. Non-oil growth came in at 1.9% y-o-y in 3Q 2026, while the overall economy contracted 3.8% y-o-y on the back of a ...
Saudi Arabia is in most layers of the build-out, while CMA CGM, DP World, and a Qatar-led consortium hold the ports and the airport ...
Egyptian businesses expect agentic commerce to earn its budget in familiar terms through revenue, customers and costs. Revenue expansion ranks as the leading adoption ...
Digital business carried Elm and underwriting lifted Saudi Re, while pricier shipping and raw materials ate into Saudi Chemical’s earnings ...
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