16h
Arabian Gulf Business Insight on MSN$1bn investment to advance Saudi Arabia’s logistics ambitionsSaudi-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 ...
17h
Arabian Gulf Business Insight on MSNIndia-UAE airfares could drop if capacity expandsAirfares 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, ...
20h
Arabian Gulf Business Insight on MSNAir Arabia declares 25% dividend as revenue soarsUAE 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 ...
1d
Arabian Gulf Business Insight on MSNUK’s Capricorn explores more investment in EgyptBritish 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 ...
1d
Arabian Gulf Business Insight on MSNS&P raises Saudi Arabia’s rating amid ongoing reformsS&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 ...
5d
Arabian Gulf Business Insight on MSNAldar’s green sukuk seven times oversubscribedAldar 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, ...
6d
Arabian Gulf Business Insight on MSNE-hailing boosts Dubai’s luxury transport sectorTrips 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 ...
4d
Arabian Gulf Business Insight on MSNUAE to fund new luxury hotel near Egypt’s pyramidsThe 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 ...
6d
Arabian Gulf Business Insight on MSNIMF releases fourth tranche of loan to EgyptThe 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 ...
5d
Arabian Gulf Business Insight on MSNAramco Venture invests in global climate tech startupsThe 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 ...
8d
Arabian Gulf Business Insight on MSNAirAsia raises $226m but stays quiet on PIFThe parent company of Malaysian budget airline AirAsia has raised 1 billion ringgit ($226 million) to complete its reorganisation plan, according to a news report. “We have a 1 billion (ringgit) ...
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