VIDEO: The rising profile of India's Adani Group in the Middle East

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BUSINESS

May 20, 2022

VIDEO: The rising profile of India's Adani Group in the Middle East

The market capitalization of the Adani Group is estimated to be $215 billion

FINANCIAL SERVICES

JPMorgan expands in Dubai in global midcap push

JPMorgan expands in Dubai in global midcap push

JPMorgan expands in Dubai in global midcap push

Qatar's QIA invests in d-Matrix; joins Series C $275mln funding round

Qatar's QIA invests in d-Matrix; joins Series C $275mln funding round

Qatar's QIA invests in d-Matrix; joins Series C $275mln funding round

Azimut Investments gets FRA nod to set up Egypt’s first digital REIT platform

Azimut Investments gets FRA nod to set up Egypt’s first digital REIT platform

Azimut Investments gets FRA nod to set up Egypt’s first digital REIT platform

Saudi Aramco to sign US LNG agreements during crown prince's visit to Washington, sources say

Saudi Aramco to sign US LNG agreements during crown prince's visit to Washington, sources say

Saudi Aramco to sign US LNG agreements during crown prince's visit to Washington, sources say

Flydubai boosts digital transformation with Modern Airline Retailing Platform

Flydubai boosts digital transformation with Modern Airline Retailing Platform

Flydubai boosts digital transformation with Modern Airline Retailing Platform

ENOC powers aviation sustainability at Dubai Airshow

ENOC powers aviation sustainability at Dubai Airshow

ENOC powers aviation sustainability at Dubai Airshow

Dubai property market holds steady, sales value climbs 4.2% in October

Dubai property market holds steady, sales value climbs 4.2% in October

Dubai property market holds steady, sales value climbs 4.2% in October

AVIATION

Emirates highlights extra busy December with over 2 million departures and arrivals

Emirates highlights extra busy December with over 2 million departures and arrivals

Emirates highlights extra busy December with over 2 million departures and arrivals

Lockheed Martin launches CommandIQ ahead of Dubai Airshow

Lockheed Martin launches CommandIQ ahead of Dubai Airshow

Lockheed Martin launches CommandIQ ahead of Dubai Airshow

Etihad Airways nine-month profit up 26% as passenger revenue jumps

Etihad Airways nine-month profit up 26% as passenger revenue jumps

Etihad Airways nine-month profit up 26% as passenger revenue jumps

Etihad 9-month profit soars to record $463mln

Etihad 9-month profit soars to record $463mln

Etihad 9-month profit soars to record $463mln

BANKING & INSURANCE

FINANCIAL SERVICES

UAE: CBI reports pre-tax net profit of $29.7mln for first nine months of 2025

UAE: CBI reports pre-tax net profit of $29.7mln for first nine months of 2025

UAE: CBI reports pre-tax net profit of $29.7mln for first nine months of 2025

Nigeria: FG seeks improved innovation in insurance sector

Nigeria: FG seeks improved innovation in insurance sector

Nigeria: FG seeks improved innovation in insurance sector

Why 300mln Africans have neither bank nor mobile money accounts?

Why 300mln Africans have neither bank nor mobile money accounts?

Why 300mln Africans have neither bank nor mobile money accounts?

COMMODITIES

Oil climbs 2% as Russian port suspends oil exports after Ukrainian attack

Oil climbs 2% as Russian port suspends oil exports after Ukrainian attack

Oil climbs 2% as Russian port suspends oil exports after Ukrainian attack

Gold falls as Fed cut hopes fade after hawkish Fed commentary

Gold falls as Fed cut hopes fade after hawkish Fed commentary

Gold falls as Fed cut hopes fade after hawkish Fed commentary

Nigeria: FG bows to pressure, suspends 15% import duty on fuel

Nigeria: FG bows to pressure, suspends 15% import duty on fuel

Nigeria: FG bows to pressure, suspends 15% import duty on fuel

Kuwait oil price down $2.28 to $64.33 pb

Kuwait oil price down $2.28 to $64.33 pb

Kuwait oil price down $2.28 to $64.33 pb

CURRENCIES

Japan's fight with yen bears dulled by Takaichi's doves

Japan's fight with yen bears dulled by Takaichi's doves

Japan's fight with yen bears dulled by Takaichi's doves

Yen squeezed, stocks firm as US shutdown set to lift

Yen squeezed, stocks firm as US shutdown set to lift

Yen squeezed, stocks firm as US shutdown set to lift

Yen intervention warnings flash amber: McGeever

Yen intervention warnings flash amber: McGeever

Yen intervention warnings flash amber: McGeever

Dollar eases as traders eye December Fed cut on weakening US jobs market

Dollar eases as traders eye December Fed cut on weakening US jobs market

Dollar eases as traders eye December Fed cut on weakening US jobs market

DIGITAL ASSETS

Crypto-focused Grayscale reveals 20% revenue drop in US IPO filing

Crypto-focused Grayscale reveals 20% revenue drop in US IPO filing

Crypto-focused Grayscale reveals 20% revenue drop in US IPO filing

DeFi Technologies eyes Bahrain to lead Mena digital asset leap

Japan government to support big banks' project to issue stablecoins, finance minister says

A cross-regional guide to Africa's crypto regulations

Japan's crypto players jostle for market share on regulatory easing hopes

Japan's crypto players jostle for market share on regulatory easing hopes

Japan's crypto players jostle for market share on regulatory easing hopes

Landing a crypto job can raise your salary by 32%: The Web3 pay revolution

Landing a crypto job can raise your salary by 32%: The Web3 pay revolution

Landing a crypto job can raise your salary by 32%: The Web3 pay revolution

ENERGY

Oman: Wind turbines arrive for PDO’s Riyah 1 and Riyah 2 projects

Egypt Gas’ profits up 24.6% YoY in 9 months

Aramco unveils over $1bln MoU agreements during region’s MECC

Aramco unveils over $1bln MoU agreements during region’s MECC

Aramco unveils over $1bln MoU agreements during region’s MECC

FINTECH

Qatar: QIIG, PayLater ink deal to offer Shari’a-compliant payment solutions

Qatar: QIIG, PayLater ink deal to offer Shari’a-compliant payment solutions

Qatar: QIIG, PayLater ink deal to offer Shari’a-compliant payment solutions

South Africa's FNB, Mastercard launch cross-border platform for cheaper, faster transfers

South Africa's FNB, Mastercard launch cross-border platform for cheaper, faster transfers

South Africa's FNB, Mastercard launch cross-border platform for cheaper, faster transfers

Saudi’s Tarmeez Capital, Monsha’at roll out $1bln financing for SMEs

Saudi’s Tarmeez Capital, Monsha’at roll out $1bln financing for SMEs

Saudi’s Tarmeez Capital, Monsha’at roll out $1bln financing for SMEs

UAE ranks among global leaders in digital-asset regulation

UAE ranks among global leaders in digital-asset regulation

UAE ranks among global leaders in digital-asset regulation

HEALTHCARE

Nigeria: FG raises health budget by 60%

Nigeria: FG raises health budget by 60%

Nigeria: FG raises health budget by 60%

Cell C, Huawei sign deal to boost South Africa's digital transformation

Cell C, Huawei sign deal to boost South Africa's digital transformation

Cell C, Huawei sign deal to boost South Africa's digital transformation

Egypt intends to expand annual tax revenues by 35%: El-Khatib

Egypt intends to expand annual tax revenues by 35%: El-Khatib

Egypt intends to expand annual tax revenues by 35%: El-Khatib

Oman’s first artificial heart implantation performed at Royal Hospital

Invest in Nigeria’s infrastructure, human capital — Shettima urges Nigerians in diaspora

Tunisia: Medical team succeed in performing first robotic gastrointestinal surgery

INVESTMENT

South Africa: Vaal River City, a landmark investment opportunity in a mixed-use urban hub

South Africa: Vaal River City, a landmark investment opportunity in a mixed-use urban hub

South Africa: Vaal River City, a landmark investment opportunity in a mixed-use urban hub

Tunisia: Development of investment system at heart of small Cabinet meeting

ACS, BlackRock launch $2.23bln data centre joint venture

Jordan and Vietnam agree on roadmap to strengthen cooperation on various sectors

Japanese companies outline investment, expansion plans in Egypt

Japanese companies outline investment, expansion plans in Egypt

Japanese companies outline investment, expansion plans in Egypt

Egypt, India mull cooperation in mining, petrochemical sectors

Egypt, India mull cooperation in mining, petrochemical sectors

Egypt, India mull cooperation in mining, petrochemical sectors

M&A

ADNOC's Covestro deal gets conditional European Commission greenlight

ADNOC's Covestro deal gets conditional European Commission greenlight

ADNOC's Covestro deal gets conditional European Commission greenlight

Abu Dhabi's Investcorp Capital acquires US industrial services firm KSS

Abu Dhabi's Investcorp Capital acquires US industrial services firm KSS

Abu Dhabi's Investcorp Capital acquires US industrial services firm KSS

Kuwait Petroleum Corporation moves forward with major oil sector mergers

Kuwait Petroleum Corporation moves forward with major oil sector mergers

Kuwait Petroleum Corporation moves forward with major oil sector mergers

REAL ESTATE

Ascott launches Disability Inclusion Playbook for accommodation sector

Ascott launches Disability Inclusion Playbook for accommodation sector

Ascott launches Disability Inclusion Playbook for accommodation sector

Abu Dhabi reports $25.6bln in real estate transactions in 9M 2025

Crown Palace by Amirah Developments offers 'royal living' in Dubai South

Kuwait’s United Real Estate signs $81.49mln facility

KORA Properties launches 40-floor luxury tower in Dubai Maritime City

KORA Properties launches 40-floor luxury tower in Dubai Maritime City

KORA Properties launches 40-floor luxury tower in Dubai Maritime City

Oman’s property index jumps 10.8% in Q2

Oman’s property index jumps 10.8% in Q2

Oman’s property index jumps 10.8% in Q2

RETAIL & CONSUMER

South Africa: "Belief economy" drives retail property investments in local communities

$South Africa: \"Belief economy\" drives retail property investments in local communities$

$South Africa: \"Belief economy\" drives retail property investments in local communities$

South Africa's toy market defies economic slump with steady growth

Black Friday’s discounts alone won’t sway South African shoppers

Loyalty crisis: South Africans switching brands faster than ever

Loyalty crisis: South Africans switching brands faster than ever

Loyalty crisis: South Africans switching brands faster than ever

SOVEREIGN WEALTH FUNDS

UAE's ADIA, Landmark JV sells US student housing portfolio for more than $1bln

UAE's ADIA, Landmark JV sells US student housing portfolio for more than $1bln

UAE's ADIA, Landmark JV sells US student housing portfolio for more than $1bln

PIF-owned Al Balad Development launches $3.6bln hospitality investment portfolio

PIF-owned Al Balad Development launches $3.6bln hospitality investment portfolio

PIF-owned Al Balad Development launches $3.6bln hospitality investment portfolio

Orix, Qatar Investment to launch $2.5bln Japan-focused private equity fund

Orix, Qatar Investment to launch $2.5bln Japan-focused private equity fund

Orix, Qatar Investment to launch $2.5bln Japan-focused private equity fund

Singapore-listed Lendlease REIT buys ADIA’s 70% stake in PLQ mall

Singapore-listed Lendlease REIT buys ADIA’s 70% stake in PLQ mall

Singapore-listed Lendlease REIT buys ADIA’s 70% stake in PLQ mall

TECHNOLOGY & TELECOM

Amazon, Microsoft back effort to restrict Nvidia's exports to China, WSJ reports

Amazon, Microsoft back effort to restrict Nvidia's exports to China, WSJ reports

Amazon, Microsoft back effort to restrict Nvidia's exports to China, WSJ reports

Egypt inks 55 deals in major push for its offshoring industry

Egypt inks 55 deals in major push for its offshoring industry

Egypt inks 55 deals in major push for its offshoring industry

Elon Musk's xAI raises $15bln in latest funding round, CNBC reports

Elon Musk's xAI raises $15bln in latest funding round, CNBC reports

Elon Musk's xAI raises $15bln in latest funding round, CNBC reports

ACS, BlackRock to seal $27bln data centre deal, report says

ACS, BlackRock to seal $27bln data centre deal, report says

ACS, BlackRock to seal $27bln data centre deal, report says

TRANSPORT & LOGISTICS

145 companies submit EOIs for Saudi Arabia’s Qiddiya High-Speed Rail PPP project

145 companies submit EOIs for Saudi Arabia’s Qiddiya High-Speed Rail PPP project

145 companies submit EOIs for Saudi Arabia’s Qiddiya High-Speed Rail PPP project

Rolling into recovery: South Africa's railways on the path to revitalisation

Rolling into recovery: South Africa's railways on the path to revitalisation

Rolling into recovery: South Africa's railways on the path to revitalisation

Oman: Asyad Shipping assets up 10% to $3bln

Oman: Asyad Shipping assets up 10% to $3bln

Oman: Asyad Shipping assets up 10% to $3bln

TRAVEL & TOURISM

Emirates announces third daily flight to Nairobi

Emirates announces third daily flight to Nairobi

Emirates announces third daily flight to Nairobi

Saudi: Amaala set to welcome visitors by January 2026

Saudi: Amaala set to welcome visitors by January 2026

Saudi: Amaala set to welcome visitors by January 2026

Oman Air clarifies temporary aircraft grounding

Oman Air clarifies temporary aircraft grounding

Oman Air clarifies temporary aircraft grounding

Shaza Hotels signs four new projects in Saudi Arabia

Shaza Hotels signs four new projects in Saudi Arabia

Shaza Hotels signs four new projects in Saudi Arabia