NMC founder B.R. Shetty is launching a new USD 15 bn court battle against Bank of Baroda. The UAE-based businessman filed a lawsuit against the Indian state-owned lender and 25 other defendants in the ...
The money comes in three installments — Agility gets USD 425 mn at closing and USD 110 mn a year later, plus USD 46 mn more if agreed conditions are met. Aegis is also buying smaller stakes from Gulf ...
The Hormuz closure has turned the UAE’s east coast into the country’s main gateway, but the freezones behind the quay still decide who captures ...
The fund also sees softer points in pension funds with illiquid holdings and EMs drawing down reserves while risk premiums sit at levels last ...
The UAE and Thailand wrapped talks on a Comprehensive Economic Partnership Agreement (CEPA), according to a statement carried by state news agency Wam. The agreement — which is not yet ratified — will ...
The African Handball Champions League wraps up today in Angola with an all-Egyptian final: Al Ahly take on Zamalek for the continental title at 5:30pm, live on ON Sport Max. Over in the Champions ...
Sawiris-backed fintech firm Klivvr is targeting a roughly 160% jump in its financing portfolio next year to as much as EGP 6.5 bn (USD 122.7 mn), up from more than EGP 2.5 bn (USD ...
Gulf producers are busy building ways to move crude around Hormuz, and today’s issue tracks how fast that’s happening. Saudi Arabia wants to pipe up to 10 mn bbl / d of crude outside the Gulf within ...
The EGX30 rose 0.4% at today’s close on turnover of EGP 7.3 bn (36.0% below the 90-day average). Local investors were the sole net ...
Meet the independent power producer, or IPP: an electricity generator owned and operated outside the state utility’s fleet, though the state is usually still the one buying the power. “The private ...
Good afternoon, friends, and happy almost weekend. Today, we sit down with Heba El Kayal, the curator behind El Marsam — one of the ...
Oman’s residential market is in a takeoff phase, as incentives, foreign buyer inflows, and yields that beat Dubai and Riyadh pull builders in ...
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