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 ...

Iraq looks to the Red Sea for another bypass for its crude exports: Saudi Arabia has approved preliminary plans looking into a pipeline project connecting Iraqi crude to its oil terminals on the Red ...

Saudi-based private employers will need to pay their Saudi workers a minimum of SAR 5k per month starting 25 April 2027, and SAR 6k a year later in order to count their employment towards the Nitaqat, ...

Atcı, who spent 23 years in tax enforcement, takes over as Ankara seeks answers on alleged stocks manipulation ...

Aramco has completed its purchase of a 49% stake in Humain, investing SAR 9.9 bn (USD 2.6 bn) in a company whose services it plans to use across its own operations, according to a press release. The ...

A couple of weeks ago, Freshfields found itself apologizing “unreservedly” for an email in which Ethan Klingsberg , co-head of its US corporate practice, ...

The African Development Bank (AfDB) has raised MAD 1 bn (c. USD 100 mn) in its first-ever MAD-denominated bond via private placement with qualified investors. The coupon floats against the Moroccan ...

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 ...

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 ...

The pipelines and terminals the Gulf built to bypass Hormuz are now under attack, and the standard for calling them redundant has changed. “Previously, it was often: how much oil can we move if Hormuz ...

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 ...

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 ...