Staff WriterEgypt - Al Ahly Pharos Investment Banking, the investment banking arm of the National Bank of Egypt (NBE), has announced the successful completion of the third issuance under the eighth securitisation programme for U Consumer Finance S.A.E. (Valu), with a total value of EGP 744m.Al Ahly…
Staff WriterEgypt’s joint committee, led by the Industrial Development Authority (IDA) in coordination with land-owning authorities and law enforcement agencies, continued its large-scale enforcement campaign for the second consecutive day, reclaiming industrial land plots and ready-built factory u…
Staff WriterNational Bank of Ras Al Khaimah (RAKBANK) has raised $600 million through the issuance of five-year senior unsecured Reg S notes.The benchmark-sized issue has a coupon of 5.375% and a reoffer price of 99.835 to yield 5.413%.The bonds were priced at a spread of 125 basis points over US T…
Staff WriterDubai-based lender Mashreqbank has priced its $500 million perpetual non-call 5.5-year AT1 at par, with a 6.625% fixed rate annual coupon. The issuance has a yield of 6.625% with a T+242bps spread margin.IPTs on the benchmark-sized offering were in the 6.875% area.The final orderbook wa…
Bindu RaiThe Abu Dhabi Investment Authority (ADIA) is one of the cornerstone investors in Chinese electronics manufacturing giant Luxshare’s expected $3.1 billion Hong Kong IPO, which opened Tuesday.The UAE sovereign wealth fund is one of nearly two dozen major state-backed investors, asset managem…
Staff WriterEgypt - Walid Gamal El Din, Chairperson of the Suez Canal Economic Zone (SCZONE), laid the foundation stone for the Nile Ferro Alloys plant, a major investment by India’s Jai Dadi Group in the East Ismailia Industrial Zone (Technology Valley), Sinai.The project spans 80,000 square metre…
Staff WriterArady Misr, an Egyptian digital land marketplace, has announced the upcoming launch of Arady Shares, a platform that will enable investors to acquire fractional ownership of land through investments starting from as little as one square metre.The platform aims to democratise access to l…
Riyadh - Opella, a self-care challenger as a consumer healthcare company, marked its first year as an independent company, highlighting a year of continued growth, expanded local investment, and progress in advancing self-care across Saudi Arabia.Previously part of Sanofi, since becoming a standalo…
Abu Dhabi, UAE: Knowledge Group has released its latest primary research report, titled Relearning Productivity: The Hidden Role of Learning and Development (L&D) in Sustained Employee Productivity. As part of the Group’s MENA Workplace Index initiative that marks its 20-year legacy of supporting w…
MUSCAT: BankDhofar is reinforcing its position in Oman’s banking and protection services landscape with a travel insurance proposition designed to deliver convenience, flexibility and comprehensive coverage for customers during the busy holiday travel season.Rather than offering travel insurance as…
Seban ScariaInvestcorp, the Middle East’s largest alternative asset manager, plans to deploy about $350 million across three to four companies in the Gulf states through its $750 million Golden Horizon Partnership fund.The firm has deployed half of the fund, launched last year with China Investment…
HMWASHINGTON: Apple has accelerated the release of some security updates, making them available to users earlier instead of waiting to include them in the planned iOS 26.6 release.The move comes in response to growing security concerns that artificial intelligence could speed up the development of…
Staff WriterCAIRO: Egypt's Minister of Petroleum and Mineral Resources, Karim Badawi, has reaffirmed his country's commitment to strengthening cooperation with UAE companies operating in the energy sector and providing a stable, attractive investment environment to support the expansion of their in…
TFNEW YORK: Major US stock indexes closed higher on Tuesday; the S&P 500 rose 0.75%, the Nasdaq Composite climbed 1.45%, and the Dow Jones Industrial Average increased by0.22%.The S&P 500 and Nasdaq finished out the quarter with their biggest quarterly gains since 2020 as investors remained upbeat…
MADUBAI: Dubai Electricity and Water Authority (DEWA) continued to record one of the highest scores in the Sustainability Culture Index in 2025, based on a corporate survey involving about 4,000 of its employees.DEWA achieved a score of 92.33%, significantly outperforming the average of 63.9% recor…
Muscat/Berlin, Siemens Energy will supply key power generation technology and long-term service for the Misfah and Duqm Independent Power Producer (IPP) projects in Oman. With a planned capacity of nearly 2.6 gigawatts, the two combined-cycle power plants will increase the country’s electricity cap…
Staff Writerdnata, a global air and travel services provider, has been re-awarded a ground handling licence at Amsterdam Airport Schiphol (AMS) in the Netherlands, reinforcing its position at one of Europe’s most important aviation hubs.The award follows a competitive public tender by the airport o…
Staff WriterRAK Ceramics has signed an exclusive multiyear licensing agreement with Roberto Cavalli for the development, manufacture and distribution of Roberto Cavalli-branded ceramic tiles, sanitaryware and faucets.Under the terms of the agreement, RAK Ceramics will create and distribute Roberto…
Doha, Qatar – MEEZA, Qatar's leading Managed IT Services and Data Centres provider, today announced the successful completion and delivery of its 4 Megawatt (MW) Data Centre expansion project. The facility was officially handed over to a leading global hyper-scaler on 21 June 2026, following the si…
CAIRO, Egypt — Arady Misr, an Egyptian digital land marketplace, announced that it will soon launch Arady Shares, a platform that will allow investors to acquire fractional ownership interests in land through investments starting from as little as one square meter.The platform is designed to broade…
