Egypt keeps key policy rates unchanged
The Egyptian Monetary Policy Committee Thursday decided to keep the Central Bank of Egypt’s (CBE) overnight deposit rate, overnight lending…
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Saudi Arabia, Oman sign 13 investment agreements, value exceeds SAR1bn
Saudi Arabia and Oman have signed 13 investment memoranda of understanding between the public and private sectors of the two…
Doing business in the UAE: foreign investment
It has become easier and more attractive for foreign companies to establish a 100% foreign owned-corporate presence in the UAE.…
Saudi ACWA Power completes $480mln local currency sukuk issue
Saudi Arabia's ACWA Power has completed its sukuk, or Islamic bond, offering of 1.8 billion riyals ($480 million). The…
UAE central Bank raises base rate by 25 basis points
The Central Bank of the UAE has decided to raise the base rate applicable to the overnight deposit facility (ODF)…
Abu Dhabi's Aldar to finally make entry into Dubai property market through JV with Dubai Holding
Abu Dhabi's Aldar Properties will finally get to make its entry in Dubai. The mega-developer has aligned with Dubai…
The UAE has been a first mover on sustainability
In the late 1790s, the English scholar and economist Thomas Malthus published an essay warning that population and economic growth…
Saudi Arabia issues first license at OXAGON to NEOM Green Hydrogen
Saudi Arabia’s Ministry of Industry and Mineral Resources on Tuesday issued the first industrial license to NEOM Green Hydrogen Co.…
Saudi-Oman Investment Forum sees 13 MoUs signed as trade ties deepen
The Saudi-Oman Investment Forum and exhibition beginning in Riyadh on Wednesday discussed various ways and means to enhance long-term economic…
Most GCC central banks raise interest rates tracking US Fed move; Qatar holds
Central banks in the GCC raised interest rates on Wednesday night after the US Federal Open Market Committee (FOMC) delivered…
Abu Dhabi Borouge's Q4 net profit drops 17%
Abu Dhabi-based polyolefin company Borouge posted a 17% year-on-year (y-o-y) fall in its Q4 2022 net profit to $247 million…
GCC banks' lending growth likely to decline: S&P
Tighter local monetary policy conditions and lower economic growth will lead to a decline in lending growth for Gulf Cooperation…