Arabian Gulf Business Insight on MSN16h
$1bn investment to advance Saudi Arabia’s logistics ambitions
Saudi-listed Sal Logistics Services and master developer Sela have agreed to develop a logistics zone north of Riyadh. SAL Logistics Zone in Falcon City will cover more than 1.5 million square metres ...
Arabian Gulf Business Insight on MSN17h
India-UAE airfares could drop if capacity expands
Airfares between India and the UAE are expected to become cheaper if air travel capacity doubles over the next five years. A 20 percent drop in ticket prices could save Indian consumers $1 billion, ...
Arabian Gulf Business Insight on MSN20h
Air Arabia declares 25% dividend as revenue soars
UAE low-cost airline Air Arabia has increased its dividend payout after turnover grew by double-digits in 2024, the company said in a statement. Based in Sharjah and traded on the Dubai Financial ...
Arabian Gulf Business Insight on MSN1d
UK’s Capricorn explores more investment in Egypt
British oil and gas producer Capricorn Energy is in advanced talks with state-owned Egyptian General Petroleum Corporation to improve the terms for Western Desert gas concession agreements. The ...
Arabian Gulf Business Insight on MSN1d
S&P raises Saudi Arabia’s rating amid ongoing reforms
S&P Global Ratings has upgraded Saudi Arabia’s rating to “A+” from “A” with a stable outlook, citing socioeconomic and capital market reforms. Strong non-oil growth and rising oil volumes from 2025 ...
Arabian Gulf Business Insight on MSN5d
Aldar’s green sukuk seven times oversubscribed
Aldar Properties said the $500 million sukuk (Islamic bond) issued by its subsidiary was oversubscribed more than seven times. The sukuk order book of Aldar Investment Properties reached $3.6 billion, ...
Arabian Gulf Business Insight on MSN6d
E-hailing boosts Dubai’s luxury transport sector
Trips in Dubai’s upmarket transport sector, mainly limousines, rose by nearly half last year, driven by increasing app usage, the state-run Wam news agency reported, citing the emirate’s Roads and ...
Arabian Gulf Business Insight on MSN4d
UAE to fund new luxury hotel near Egypt’s pyramids
The UAE will back the development of a five-star hotel near the pyramids in Giza outside Cairo, the capital, to support Egypt’s tourism, state-run Wam news agency reported. State-backed Abu Dhabi Fund ...
Arabian Gulf Business Insight on MSN6d
IMF releases fourth tranche of loan to Egypt
The International Monetary Fund (IMF) has approved the release of funds to Egypt following the fourth review of an emergency loan progamme but has warned the government that “more decisive ...
Arabian Gulf Business Insight on MSN5d
Aramco Venture invests in global climate tech startups
The venture capital arm of state-controlled Saudi Aramco, the world’s largest listed oil major, has invested in two climate tech startups. Aramco Ventures has invested in Germany’s Ucaneo, which is ...
Arabian Gulf Business Insight on MSN5d
Diriyah secures $1.6bn loan to back cultural destination
Wadi Safar is intended as an “exclusive residential development”, a statement read, “that will feature a selection of ultra-luxury hospitality, sports and leisure, and retail assets”. It lies just ...