16+ hour, 41+ min ago   (559+ words) The UAE’s EUR 40 bn Germany pledge is starting to get an industrial backbone: Abu Dhabi state energy giant Adnoc, its international energy investment arm XRG, and UAE renewables developer Masdar signed agreements that could enable more than EUR 5 bn of…...

1+ day, 16+ hour ago   (330+ words) Why it matters for the Gulf: Brics accounts for roughly a quarter of global nominal GDP — nearer 40% on a purchasing-power basis — and about half the world's population, spread across 10 full members after last year's addition of Indonesia and 2024's intake…...

1+ day, 16+ hour ago   (444+ words) The war had already dented the oil economy. S&P already expects real GDP to contract 0.9% this year, with the 2Q reading showing a 4.7% y-o-y fall, the steepest since Covid, on a 24.8% drop in oil activity and output tumbling to an…...

1+ day, 16+ hour ago   (303+ words) The pressure on Saudi Arabia’s oil export routes increased over the weekend, with a Houthi advance up Yemen’s Red Sea coast and drones from Iraq striking the country’s main oil pipeline. This comes as the Kingdom’s crude output is already…...

4+ day, 16+ hour ago   (429+ words) EnterpriseAM Available in your choice of English or Arabic Majid Al Futtaim (MAF) reported record first-half EBITDA of AED 2.5 bn, up 11% y-o-y, with net operating income after tax rising 25% to AED 1.8 bn, according to its earnings release. Revenue rose 1.4% y-o-y…...

5+ day, 16+ hour ago   (966+ words) Good morning, friends. Every headline number in today’s issue is a good one, but not one of them means what it looks like on the surface. The question we’ll carry through the rest of the issue is what happens when…...

1+ week, 16+ hour ago   (383+ words) UAE-listed companies had a strong 2Q despite the knock-on effects of the war, with combined net income across Abu Dhabi and Dubai jumping 28.6% y-o-y to USD 21.6 bn, according to Kamco Invest’s latest corporate earnings report (pdf). Abu Dhabi did most of…...

1+ week, 10+ hour ago   (122+ words) Syria closed its Damascus International Fair with more than 10x the booked value of agreements compared to last year — from a crowd nearly 40% smaller. Organizers put preliminary output at SYP 150 bn (c. USD 1 bn), against SYP 935 bn (c. USD 95 mn) at…...

1+ week, 10+ hour ago   (282+ words) Fitch Ratings affirmed Qatar’s sovereign rating at AA and removed it from Rating Watch Negative, citing reduced risk to LNG facilities since the March attack on Ras Laffan. The outlook remains negative as “the impact of the war on the…...

1+ week, 16+ hour ago   (204+ words) Aqar backs Syrian classifieds platform Al Rajhi Bank raises USD 600 mn sukuk Dar AlBalad is shopping for AI capability Dar Al Balad Business Solutions (DBS) has signed a non-binding MoU to explore buying up to 100% of two UAE-based AI firms…...