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BUSINESS
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VIDEO: The rising profil...
Videos
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
REAL ESTATE
AUM Development launches 93-unit residential development in Dubai
INFRASTRUCTURE
Saudi: 89 global firms in race for Qassim airport project contract
REAL ESTATE
Real estate transactions plunge sharply in Kuwait
ENERGY
Helium prices soar as Qatar LNG halt exposes fragile supply chain
OIL
Iraq to keep crude output at 1.4mln bpd amid war disruption, oil minister says
FOREX
Dollar nears 2026 highs as oil price jump pressures euro
LOGISTICS
Saudi: Parcel deliveries exceed 15 mln during first 20 days of Ramadan
AVIATION
AVIATION
Lufthansa extends Dubai flight suspension until March 28
AVIATION
Pakistan's PIA raises fuel surcharge as Gulf crisis drives up costs
AVIATION
Saudia extends flight suspensions to several cities
AVIATION
Qatar Airways updates limited flight schedule to and from Doha
BANKING & INSURANCE
FINANCIAL SERVICES
DIFC Innovation Hub, Capital.com launch CapitalHer
FINANCIAL SERVICES
HSBC, StanChart most exposed to Mideast conflict among European banks, J.P. Morgan warns
FINANCIAL SERVICES
StanChart says maintaining normal service under work-from-home arrangements
COMMODITIES
OIL
Oil unlikely to hit $200 a barrel, US energy chief says
METALS
Aluminium nears four-year high on Middle East supply fears
GOLD
Gold treads water as margin calls, strong dollar offset safety demand
OIL
Kuwait oil plunge $9.81 Tues. to $113.13 pb - KPC
CURRENCIES
FOREX
US dollar hovers near 2026 highs as oil's rise spurs hawkish central bank bets
FOREX
Dollar steadies as Middle East uncertainty has traders on edge
FOREX
Currency market on tenterhooks as Iran war weighs on sentiment
FOREX
Dollar rally stalls on hopes of an easing in Iran war, but wariness reigns
DIGITAL ASSETS
CRYPTOCURRENCY
Crypto entrepreneur Justin Sun settles SEC fraud case for $10mln
CRYPTOCURRENCY
Turkish ruling party proposes 10% crypto income tax, levy on service providers
CRYPTOCURRENCY
South Africa pioneers cross-border trade reform with crypto and payments regulation
CRYPTOCURRENCY
Binance cannot arbitrate customer claims over crypto losses, US judge rules
CRYPTOCURRENCY
2026 ushers in crypto tipping point for African merchants
CRYPTOCURRENCY
Revolut to test stablecoin in UK trial
ENERGY
ENERGY
Induction stoves fly off shelves in India as gas shortage fears spark panic buying
ENERGY
India's non-Hormuz crude sourcing has increased to 70% of imports, oil minister says
ENERGY
South Africa's energy is wheeling towards a brighter future
FINTECH
FINTECH
Cape Town fintech NjiaPay secures $2.1mln in seed funding
FINTECH
Egypt: Basata expands cash-in, cash-out services to all mobile wallets across 120,000 POS
FINTECH
Visa survey reveals South Africa's rapidly evolving payment landscape
FINTECH
Capital.com trading volume reaches $3.42trln in 2025
HEALTHCARE
CONSTRUCTION
Why South Africa's construction delays could signal systemic failures ?
ZAMBIA
Why Zambia’s economic freedom depends on health and digital connectivity ?
TAXATION
Nigeria: Tax reform as a catalyst for economic development
TECHNOLOGY
Starlink in Nigeria: New price plans for 2026
OMAN
Oman and India strengthen economic ties at CEPA seminar
PHARMACEUTICAL
Saudi pharmacy chain Al-Dawaa closing down international subsidiaries
INVESTMENT
INVESTMENT
DHL Express keeps investment plans in Middle East despite war
SWF
UAE says no change to investment plans as Gulf states review SWF strategies
INVESTMENT
Egypt’s planning, housing ministers review investment plan through 2030
INVESTMENT
REAL ESTATE
Egypt: TMG unit, CI Capital launch Awamed Real Estate Investment Fund
INVESTMENT
PARAGON | ADEER launches $1.4bln Sumou Boulevard in New Cairo
INVESTMENT
Oman's Al Mazunah Free Zone secures 15 project investments in 2025
M&A
ACQUISITION
Germany’s Knauf gets greenlight to acquire majority stake in Saudi’s United Mining
ACQUISITION
Qatari-backed Irth Capital offers $47 a share to buy Papa John's, sources say
ACQUISITION
Converted acquires Mitcha to strengthen AI-powered advertising ecosystem in Egypt, region
REAL ESTATE
REAL ESTATE
Arada awards $555mln contracts to build 14 apartment blocks in Aljada
REAL ESTATE
UAE developers likely to scale back projects, but face no imminent financial risks – Fitch
REAL ESTATE
New law to regulate management, occupancy of shared housing in Dubai
REAL ESTATE
Abu Dhabi residential property sales hits record $20bln in 2025
REAL ESTATE
Mohammed bin Rashid issues Law on quality, safety of buildings in Dubai
REAL ESTATE
Abanos appointed for Palace Residences Creek Blue fit-out works in Dubai
RETAIL & CONSUMER
RETAIL
Spar Group uses data and tech to re-engineer retail logistics in South Africa
RETAIL
SA's FMCG brands adapt to health and convenience strategies
RETAIL
Europe's struggling retail sector looks ill-prepared for new energy price shock
RETAIL
South Africa's retail growth stagnates even as economic indicators improve
SOVEREIGN WEALTH FUNDS
SWF
Abu Dhabi wealth fund ADIA backs France’s Ardian in real estate secondaries push
REAL ESTATE
Roshn inks deal with Miskan to develop prime land in Riyadh
SWF
Gulf sovereign wealth funds were built for a rainy day. This may be it.
IPO
Middle East wealth funds ADIA, QIA to anchor SoftBank’s PayPay IPO
TECHNOLOGY & TELECOM
TECHNOLOGY
Digital Knowledge Hub expands presence with over 35mln materials, 2.3mln titles
TECHNOLOGY
Digital governance drives MoHRE’s customer interactions to 60mln in 2025
TECHNOLOGY
Oman: MTCIT unveils new drive to expand digital economy
TECHNOLOGY
EDGE announces launch of first-of-class corvette for Angolan Navy
TRANSPORT & LOGISTICS
LOGISTICS
Saudi Arabia opens corridors for receiving containers and goods from other Gulf countries
LOGISTICS
Projectile fragments hit Hapag-Lloyd container vessel near Strait of Hormuz
LOGISTICS
DP World: Jebel Ali port fully operational, inbound vessel traffic reduced
TRAVEL & TOURISM
HOSPITALITY
Wynn Al Marjan Island work resumes after a short pause, says company
TRAVEL AND TOURISM
War is costing region's travel & tourism sector $600mln a day
TOURISM
Oman: Strategic projects worth over $80.5mln to boost tourism in Jabal Shams
AIRLINES
Qatar Airways announces limited flight schedule amid ongoing disruptions
MORE ON BUSINESS
INFRASTRUCTURE
Saudi Arabia announces its road network fully prepared to serve GCC citizens
POWER
UAE: SEWA maintains 200 power transmission stations
FINANCIAL SERVICES
Citi shuts most UAE branches temporarily as banks evacuate offices in region
AIRLINES
Gulf Air begins operating limited flights
AIRLINES
Kuwait: 145 passengers depart on first Jazeera Airways Qaisumah–Cairo flight
HEALTHCARE
Egypt prepares to extend Universal Health Insurance to Minya in second phase
FUNDS
Nigeria: Plateau govt signs $2.8mln MSME matching fund deal with BoI
FINANCIAL SERVICES
Morgan Stanley restricts redemptions at private credit fund after withdrawals surge
COMMODITIES
Oil climbs as tankers are attacked in Iraqi waters amid Middle East war
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