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

Umm Al Qura-led consortium signs framework deals for $1.6bln Makkah redevelopment

Umm Al Qura-led consortium signs framework deals for $1.6bln Makkah redevelopment

Umm Al Qura-led consortium signs framework deals for $1.6bln Makkah redevelopment

WEALTH MANAGEMENT

French group Varenne Capital opens new office in DIFC

French group Varenne Capital opens new office in DIFC

French group Varenne Capital opens new office in DIFC

Radisson ramps up Saudi expansion, eyes 100 properties by 2030

Radisson ramps up Saudi expansion, eyes 100 properties by 2030

Radisson ramps up Saudi expansion, eyes 100 properties by 2030

Fertiliser shipments begin exiting through Hormuz strait

Fertiliser shipments begin exiting through Hormuz strait

Fertiliser shipments begin exiting through Hormuz strait

Iraq seeks quota review as OPEC restores output allocations

Iraq seeks quota review as OPEC restores output allocations

Iraq seeks quota review as OPEC restores output allocations

Aldar records $185.2mln in sales from all units at The Orchids in Yas Acres

Aldar records $185.2mln in sales from all units at The Orchids in Yas Acres

Aldar records $185.2mln in sales from all units at The Orchids in Yas Acres

Ahmed bin Mohammed approves launch of business media platform

Ahmed bin Mohammed approves launch of business media platform

Ahmed bin Mohammed approves launch of business media platform

AVIATION

Muscat-Abu Dhabi service of Oman Air starts on July 9

Muscat-Abu Dhabi service of Oman Air starts on July 9

Muscat-Abu Dhabi service of Oman Air starts on July 9

Qatar: Five more airlines to resume operations at Hamad International Airport in July

Qatar: Five more airlines to resume operations at Hamad International Airport in July

Qatar: Five more airlines to resume operations at Hamad International Airport in July

India's Adani Airports to invest over $2bln in developing airport cities

India's Adani Airports to invest over $2bln in developing airport cities

India's Adani Airports to invest over $2bln in developing airport cities

Air India Express opens new Gulf gateway for Northeast India

Air India Express opens new Gulf gateway for Northeast India

Air India Express opens new Gulf gateway for Northeast India

BANKING & INSURANCE

CHINA (PRC)AFRICA

China approves Standard Bank, ICBC for Africa yuan clearing

China approves Standard Bank, ICBC for Africa yuan clearing

China approves Standard Bank, ICBC for Africa yuan clearing

FINANCIAL SERVICES

China's central bank urges banks to boost lending as demand remains weak, sources say

China's central bank urges banks to boost lending as demand remains weak, sources say

China's central bank urges banks to boost lending as demand remains weak, sources say

FINANCIAL SERVICES

Abu Dhabi Islamic to provide digital home financing for Emiratis

Abu Dhabi Islamic to provide digital home financing for Emiratis

Abu Dhabi Islamic to provide digital home financing for Emiratis

COMMODITIES

Middlemen offer Iranian oil to Indian refiners after US waiver, sources say

Middlemen offer Iranian oil to Indian refiners after US waiver, sources say

Middlemen offer Iranian oil to Indian refiners after US waiver, sources say

Gold heads for fourth weekly drop as traders reassess Fed rate outlook

Gold heads for fourth weekly drop as traders reassess Fed rate outlook

Gold heads for fourth weekly drop as traders reassess Fed rate outlook

Fossil fuels still dominate in Africa’s electricity future

Fossil fuels still dominate in Africa’s electricity future

Fossil fuels still dominate in Africa’s electricity future

Ghana to buy 30% of large miners' gold output from July 1

Ghana to buy 30% of large miners' gold output from July 1

Ghana to buy 30% of large miners' gold output from July 1

CURRENCIES

Resilient dollar slips, markets still wary of yen intervention risk

Resilient dollar slips, markets still wary of yen intervention risk

Resilient dollar slips, markets still wary of yen intervention risk

Dollar rides into second half of 2026 on a 'winner takes it all' wave

Dollar rides into second half of 2026 on a 'winner takes it all' wave

Dollar rides into second half of 2026 on a 'winner takes it all' wave

African currencies expected to be steady or under mild pressure

African currencies expected to be steady or under mild pressure

African currencies expected to be steady or under mild pressure

Dollar skims 13-month highs as investors bank on rate hikes

Dollar skims 13-month highs as investors bank on rate hikes

Dollar skims 13-month highs as investors bank on rate hikes

DIGITAL ASSETS

Binance vows to stay in Europe despite licence setback

Binance vows to stay in Europe despite licence setback

Binance vows to stay in Europe despite licence setback

Oman: National platform to regulate crypto mining operations

Italian fintech Conio secures EU licence for crypto services

Binance set to lose permission to operate in EU, sources say

Stablecoins gain in Nigeria for cross-border transfers, IMF says

Stablecoins gain in Nigeria for cross-border transfers, IMF says

Stablecoins gain in Nigeria for cross-border transfers, IMF says

Zimbabwe moves to regulate cryptocurrency sector

Zimbabwe moves to regulate cryptocurrency sector

Zimbabwe moves to regulate cryptocurrency sector

ENERGY

ENERGYUTILITIES

Global utilities unite to tackle grid supply chain challenges

Oman: Nafath named implementing contractor for community solar plant

Korra Energi backs Gulf of Suez transmission project via KFH’s credit facility

Korra Energi backs Gulf of Suez transmission project via KFH’s credit facility

Korra Energi backs Gulf of Suez transmission project via KFH’s credit facility

FINTECH

Erada Finance, Axis Pay partner to enable loan disbursements via Egypt’s e-wallet network

Erada Finance, Axis Pay partner to enable loan disbursements via Egypt’s e-wallet network

Erada Finance, Axis Pay partner to enable loan disbursements via Egypt’s e-wallet network

ALTON backs Central Bank of Nigeria on local data hosting rule for banks, fintechs

ALTON backs Central Bank of Nigeria on local data hosting rule for banks, fintechs

ALTON backs Central Bank of Nigeria on local data hosting rule for banks, fintechs

Al Ahly Pharos advises on MNT-Halan funding round, lifting valuation to $1.4bln

Al Ahly Pharos advises on MNT-Halan funding round, lifting valuation to $1.4bln

Al Ahly Pharos advises on MNT-Halan funding round, lifting valuation to $1.4bln

Egyptian Supply Ministry, Fawry discuss expanding digital payments, automation initiatives

Egyptian Supply Ministry, Fawry discuss expanding digital payments, automation initiatives

Egyptian Supply Ministry, Fawry discuss expanding digital payments, automation initiatives

HEALTHCARE

'Afaq' strategy unveils RO 92 million projects

'Afaq' strategy unveils RO 92 million projects

'Afaq' strategy unveils RO 92 million projects

Egypt inks 8 cooperation deals with AFD, EU, French firms in health, education, green industry

Egypt inks 8 cooperation deals with AFD, EU, French firms in health, education, green industry

Egypt inks 8 cooperation deals with AFD, EU, French firms in health, education, green industry

Abu Dhabi Health, MSD explore regional healthcare logistics hub

Abu Dhabi Health, MSD explore regional healthcare logistics hub

Abu Dhabi Health, MSD explore regional healthcare logistics hub

UNICEF, Gavi call to speed Bundibugyo Ebola vaccine access

Masdar City opens 'Biosphere' labs in Collaboration with M42, Attentive Science

Foot and Mouth Disease has changed South Africa's red meat industry

INVESTMENT

Diageo’s exit shines light on investment hurdles in Africa

Diageo’s exit shines light on investment hurdles in Africa

Diageo’s exit shines light on investment hurdles in Africa

Dubai Holding weighs stake in data centre builder Hscale – report

Inspire Oman, new initiative to boost investment scenario launched

Oman: Cable car project offers promising investment opportunities for SMEs

Elsewedy Electric launches 3 industrial projects with $200mln combined investments

Elsewedy Electric launches 3 industrial projects with $200mln combined investments

Elsewedy Electric launches 3 industrial projects with $200mln combined investments

SCZONE hosts Nanjing delegation to discuss new Chinese industrial investments

SCZONE hosts Nanjing delegation to discuss new Chinese industrial investments

SCZONE hosts Nanjing delegation to discuss new Chinese industrial investments

M&A

VIDEO: Mubadala Capital makes $1bln bid for leisure operator Pierre & Vacances

VIDEO: Mubadala Capital makes $1bln bid for leisure operator Pierre & Vacances

VIDEO: Mubadala Capital makes $1bln bid for leisure operator Pierre & Vacances

Inospace doubles down on Johannesburg with Charron Works acquisition

Inospace doubles down on Johannesburg with Charron Works acquisition

Inospace doubles down on Johannesburg with Charron Works acquisition

Saudi PIF seeks EU subsidy approval for $55bln EA deal, decision by July 30

Saudi PIF seeks EU subsidy approval for $55bln EA deal, decision by July 30

Saudi PIF seeks EU subsidy approval for $55bln EA deal, decision by July 30

REAL ESTATE

Qatar: Real estate trading exceeds $163.7mln in one week

Qatar: Real estate trading exceeds $163.7mln in one week

Qatar: Real estate trading exceeds $163.7mln in one week

Marriott Executive Apartments opens premium mixed-use project in JLT

Saudi Properties starts accepting foreign real estate ownership applications

Nakheel releases next phase of Palm Central Private Residences

Fäm sells prime Business Bay office space for over $33mln

Fäm sells prime Business Bay office space for over $33mln

Fäm sells prime Business Bay office space for over $33mln

Cabinet approves Executive Regulation of Law of Real Estate Ownership by non-Saudis

Cabinet approves Executive Regulation of Law of Real Estate Ownership by non-Saudis

Cabinet approves Executive Regulation of Law of Real Estate Ownership by non-Saudis

RETAIL & CONSUMER

Luxury market shows early signs of recovery in Q2 despite Middle East war, Bain says

Luxury market shows early signs of recovery in Q2 despite Middle East war, Bain says

Luxury market shows early signs of recovery in Q2 despite Middle East war, Bain says

LuLu Group’s over $137mln Qatar investment underway, says Yusufali

South Africa's retail sector records modest growth as furniture and household goods drive sales

South African retail sales rise 1.3% year on year in April

South African retail sales rise 1.3% year on year in April

South African retail sales rise 1.3% year on year in April

SOVEREIGN WEALTH FUNDS

Omani wealth fund joins $255mln private credit financing for Vietnam's Vinpearl

Omani wealth fund joins $255mln private credit financing for Vietnam's Vinpearl

Omani wealth fund joins $255mln private credit financing for Vietnam's Vinpearl

Qatar sovereign wealth fund to invest $75mln in Doncasters ahead of NYSE debut

Qatar sovereign wealth fund to invest $75mln in Doncasters ahead of NYSE debut

Qatar sovereign wealth fund to invest $75mln in Doncasters ahead of NYSE debut

Wealth funds eye investment in South Korea’s defence firm MNC Solution

Wealth funds eye investment in South Korea’s defence firm MNC Solution

Wealth funds eye investment in South Korea’s defence firm MNC Solution

PIF chief: International investments to continue as new strategy brings world to Saudi Arabia

PIF chief: International investments to continue as new strategy brings world to Saudi Arabia

PIF chief: International investments to continue as new strategy brings world to Saudi Arabia

TECHNOLOGY & TELECOM

KERNO Enterprises opens first IT hardware manufacturing facility in Dubai Silicon Oasis

KERNO Enterprises opens first IT hardware manufacturing facility in Dubai Silicon Oasis

KERNO Enterprises opens first IT hardware manufacturing facility in Dubai Silicon Oasis

Final design phase of OmanSat-1 nears completion

Final design phase of OmanSat-1 nears completion

Final design phase of OmanSat-1 nears completion

Egypt, France sign agreements to establish 2 applied technology schools

Egypt, France sign agreements to establish 2 applied technology schools

Egypt, France sign agreements to establish 2 applied technology schools

Origin Technology wraps up 2026 regional summit in Cairo

Origin Technology wraps up 2026 regional summit in Cairo

Origin Technology wraps up 2026 regional summit in Cairo

TRANSPORT & LOGISTICS

Oman issues updated guidelines for ships transiting Strait of Hormuz

Oman issues updated guidelines for ships transiting Strait of Hormuz

Oman issues updated guidelines for ships transiting Strait of Hormuz

Oman, Iran discuss cooperation on Strait of Hormuz navigation

Oman, Iran discuss cooperation on Strait of Hormuz navigation

Oman, Iran discuss cooperation on Strait of Hormuz navigation

Qatar: New Hamad Port project boosts food supply chain efficiency

Qatar: New Hamad Port project boosts food supply chain efficiency

Qatar: New Hamad Port project boosts food supply chain efficiency

TRAVEL & TOURISM

UAE visa on arrival programme covers six more countries

UAE visa on arrival programme covers six more countries

UAE visa on arrival programme covers six more countries

Saudi Arabia launches Electronic Travel Authorization for British visitors

Saudi Arabia launches Electronic Travel Authorization for British visitors

Saudi Arabia launches Electronic Travel Authorization for British visitors

Oman Air to launch daily Muscat-Abu Dhabi flights

Oman Air to launch daily Muscat-Abu Dhabi flights

Oman Air to launch daily Muscat-Abu Dhabi flights

Saudi Tourism Ministry showcases growth at FHS Saudi Arabia 2026

Saudi Tourism Ministry showcases growth at FHS Saudi Arabia 2026

Saudi Tourism Ministry showcases growth at FHS Saudi Arabia 2026