ZAWYA - The trusted source for business and finance news

UAE's near-term growth strong, expected to remain healthy at around 4% in 2025: IMF

UAE's near-term growth strong, expected to remain healthy at around 4% in 2025: IMF

UAE's near-term growth strong, expected to remain healthy at around 4% in 2025: IMF

OPEC+ yet to react to Trump call for lower oil prices

OPEC+ yet to react to Trump call for lower oil prices

OPEC+ yet to react to Trump call for lower oil prices

DP World's multi-currency stablecoin solution for efficient global trade settlements

DP World's multi-currency stablecoin solution for efficient global trade settlements

DP World's multi-currency stablecoin solution for efficient global trade settlements

Investcorp could consider listing in 3-5 years, eyes US retirement savings

Investcorp could consider listing in 3-5 years, eyes US retirement savings

Investcorp could consider listing in 3-5 years, eyes US retirement savings

Saudi Arabia's STC seeks seat on Telefonica board

Saudi Arabia's STC seeks seat on Telefonica board

Saudi Arabia's STC seeks seat on Telefonica board

World inflation not fully defeated yet, IMF's Georgieva says

World inflation not fully defeated yet, IMF's Georgieva says

World inflation not fully defeated yet, IMF's Georgieva says

Morocco plans 990MW gas power plant worth $420mln in north

Morocco plans 990MW gas power plant worth $420mln in north

Morocco plans 990MW gas power plant worth $420mln in north

ZAWYA COVERAGE

VIDEO: Middle East economic confidence remains strong despite headwinds

VIDEO: Middle East economic confidence remains strong despite headwinds

VIDEO: Middle East economic confidence remains strong despite headwinds

Egypt secures $2bln syndicated loan facility

Egypt secures $2bln syndicated loan facility

Egypt secures $2bln syndicated loan facility

FINANCIAL SERVICES

UAE’s Mashreq Bank appoints new head of DCM

UAE’s Mashreq Bank appoints new head of DCM

UAE’s Mashreq Bank appoints new head of DCM

Middle East economic confidence remains strong despite headwinds

Middle East economic confidence remains strong despite headwinds

Middle East economic confidence remains strong despite headwinds

Smile Care’s Saudi IPO 1,981% oversubscribed

Smile Care’s Saudi IPO 1,981% oversubscribed

Smile Care’s Saudi IPO 1,981% oversubscribed

Robust investor demand helps PIF price $4bln notes tighter

Robust investor demand helps PIF price $4bln notes tighter

Robust investor demand helps PIF price $4bln notes tighter

ARTIFICIAL INTELLIGENCE

Bahrain’s GFH US investments in AI, data centres exceed $200mln

Bahrain’s GFH US investments in AI, data centres exceed $200mln

Bahrain’s GFH US investments in AI, data centres exceed $200mln

Kingdom Holding expects to receive Flynas IPO nod soon

Kingdom Holding expects to receive Flynas IPO nod soon

Kingdom Holding expects to receive Flynas IPO nod soon

EFG Hermes braces for IPO flurry in GCC after market-leading 17 deals worth $19.7bln

EFG Hermes braces for IPO flurry in GCC after market-leading 17 deals worth $19.7bln

EFG Hermes braces for IPO flurry in GCC after market-leading 17 deals worth $19.7bln

PROJECTS

WASTE & RECYCLING

Kuwait issues tender for waste treatment projects feasibility study

Kuwait issues tender for waste treatment projects feasibility study

Kuwait issues tender for waste treatment projects feasibility study

Oman issues RFQ for two gas-fired power plants

Oman issues RFQ for two gas-fired power plants

Oman issues RFQ for two gas-fired power plants

Morocco to invest $9.6bln in rail projects

Morocco to invest $9.6bln in rail projects

Morocco to invest $9.6bln in rail projects

Iraq mulls building new airport in Baghdad

Iraq mulls building new airport in Baghdad

Iraq mulls building new airport in Baghdad

RAK Properties announces $1.4bln development plan for 2025

RAK Properties announces $1.4bln development plan for 2025

RAK Properties announces $1.4bln development plan for 2025

ALTERNATIVE ENERGY

UAE's Fertiglobe plans $1bn blue ammonia investment on Asia demand: Report

UAE's Fertiglobe plans $1bn blue ammonia investment on Asia demand: Report

UAE's Fertiglobe plans $1bn blue ammonia investment on Asia demand: Report

ABU DHABI FOCUS

Abu Dhabi to host IFATCA 2025 conference

Abu Dhabi to host IFATCA 2025 conference

Abu Dhabi to host IFATCA 2025 conference

Etihad Rail announces new bullet train from Abu Dhabi to Dubai

Etihad Rail announces new bullet train from Abu Dhabi to Dubai

Etihad Rail announces new bullet train from Abu Dhabi to Dubai

UAE targets $356bln in cumulative FDI in six years: Ministry of Investment

UAE targets $356bln in cumulative FDI in six years: Ministry of Investment

UAE targets $356bln in cumulative FDI in six years: Ministry of Investment

Minister of Economy spotlights UAE’s competitive advantages at Davos 2025

Minister of Economy spotlights UAE’s competitive advantages at Davos 2025

Minister of Economy spotlights UAE’s competitive advantages at Davos 2025

UAE’s Numou expands financial access through strategic partnerships

UAE’s Numou expands financial access through strategic partnerships

UAE’s Numou expands financial access through strategic partnerships

Private credit is key to MENA growth, including UAE net zero goals

Private credit is key to MENA growth, including UAE net zero goals

Private credit is key to MENA growth, including UAE net zero goals

NMDC Energy inaugurates advanced fabrication yard in Saudi Arabia to drive regional growth

NMDC Energy inaugurates advanced fabrication yard in Saudi Arabia to drive regional growth

NMDC Energy inaugurates advanced fabrication yard in Saudi Arabia to drive regional growth

GLOBAL MARKETS

IPO market comeback: How recent major US listings fared

IPO market comeback: How recent major US listings fared

IPO market comeback: How recent major US listings fared

Fed to hold rates steady at an unsteady moment

Fed to hold rates steady at an unsteady moment

Fed to hold rates steady at an unsteady moment

Malaysia Airports sale to Gateway Development Alliance moves a step closer

Malaysia Airports sale to Gateway Development Alliance moves a step closer

Malaysia Airports sale to Gateway Development Alliance moves a step closer

Saudi Arabia to host regular meetings of World Economic Forum from 2026, minister says

Saudi Arabia to host regular meetings of World Economic Forum from 2026, minister says

Saudi Arabia to host regular meetings of World Economic Forum from 2026, minister says

Mideast Stocks: Oil boosts Abu Dhabi, Dubai falls

Mideast Stocks: Oil boosts Abu Dhabi, Dubai falls

Mideast Stocks: Oil boosts Abu Dhabi, Dubai falls

Commerzbank says no talks with UniCredit until specific proposal made

Commerzbank says no talks with UniCredit until specific proposal made

Commerzbank says no talks with UniCredit until specific proposal made

Foreign investors bet on Turkey, drawn by rate cuts, easing inflation

Foreign investors bet on Turkey, drawn by rate cuts, easing inflation

Foreign investors bet on Turkey, drawn by rate cuts, easing inflation

Rolls-Royce wins $11bln UK nuclear submarine contract

Rolls-Royce wins $11bln UK nuclear submarine contract

Rolls-Royce wins $11bln UK nuclear submarine contract

Euro zone government bond yields edge lower before PMI data

Euro zone government bond yields edge lower before PMI data

Euro zone government bond yields edge lower before PMI data

Rivian to launch hands-free driving system in 2025, 'eyes-off' in 2026, CEO says

Rivian to launch hands-free driving system in 2025, 'eyes-off' in 2026, CEO says

Rivian to launch hands-free driving system in 2025, 'eyes-off' in 2026, CEO says

Boeing warns of bigger-than-expected $4bln quarterly loss; shares drop

Boeing warns of bigger-than-expected $4bln quarterly loss; shares drop

Boeing warns of bigger-than-expected $4bln quarterly loss; shares drop

Crypto markets lose steam as Trump begins tentatively

Crypto markets lose steam as Trump begins tentatively

Crypto markets lose steam as Trump begins tentatively

SPONSORED CONTENT

FINANCIAL SERVICES

From legacy to leadership: Mashreq’s transformative entry into Oman

From legacy to leadership: Mashreq’s transformative entry into Oman

From legacy to leadership: Mashreq’s transformative entry into Oman

ISLAMIC FINANCE

Islamic trading explained: Analysing Sharia law principles

Islamic trading explained: Analysing Sharia law principles

Islamic trading explained: Analysing Sharia law principles

FINANCIAL SERVICES

A year of momentum with Breinrock’s human touch, global expertise

A year of momentum with Breinrock’s human touch, global expertise

A year of momentum with Breinrock’s human touch, global expertise

IN THE SPOTLIGHT: CORPORATE EARNINGS

Burberry gets holiday boost from US shoppers

Burberry gets holiday boost from US shoppers

Burberry gets holiday boost from US shoppers

Ericsson's Q4 profit misses estimates while US tariffs in focus

Ericsson's Q4 profit misses estimates while US tariffs in focus

Ericsson's Q4 profit misses estimates while US tariffs in focus

American Airlines forecasts weak 2025 profit on costly labor deals

American Airlines forecasts weak 2025 profit on costly labor deals

American Airlines forecasts weak 2025 profit on costly labor deals

Jordan: SSIF achieves 'record-breaking growth' with $22.7bln in assets, $1.25bln in net income

Jordan: SSIF achieves 'record-breaking growth' with $22.7bln in assets, $1.25bln in net income

Jordan: SSIF achieves 'record-breaking growth' with $22.7bln in assets, $1.25bln in net income

Puma shares plunge 18% after quarterly sales and profit miss

Puma shares plunge 18% after quarterly sales and profit miss

Puma shares plunge 18% after quarterly sales and profit miss

Apple supplier IQE forecasts FY results to exceed expectations

Apple supplier IQE forecasts FY results to exceed expectations

Apple supplier IQE forecasts FY results to exceed expectations

Hyundai Motor nears GM tie-up deal; sees revenue growth slowing in 2025

Hyundai Motor nears GM tie-up deal; sees revenue growth slowing in 2025

Hyundai Motor nears GM tie-up deal; sees revenue growth slowing in 2025

AFRICA TODAY

Nigerians' confidence on electoral process declining

Nigerians' confidence on electoral process declining

Nigerians' confidence on electoral process declining

South Africa's holiday retail spend jumps by 7%

South Africa's holiday retail spend jumps by 7%

South Africa's holiday retail spend jumps by 7%

South Africa: Reserve Bank likely to cut rates by 25 bps say economists

South Africa: Reserve Bank likely to cut rates by 25 bps say economists

South Africa: Reserve Bank likely to cut rates by 25 bps say economists

FINANCIAL SERVICES

POS: Banks implement daily, weekly withdrawal limit

POS: Banks implement daily, weekly withdrawal limit

POS: Banks implement daily, weekly withdrawal limit

Nigeria will lead Africa’s growth with education, innovation

Nigeria will lead Africa’s growth with education, innovation

Nigeria will lead Africa’s growth with education, innovation

Exams in Nigeria will be computer-based by 2027 — FG

Exams in Nigeria will be computer-based by 2027 — FG

Exams in Nigeria will be computer-based by 2027 — FG

Trump's sudden suspension of foreign aid puts millions of lives in Africa at risk

Trump's sudden suspension of foreign aid puts millions of lives in Africa at risk

Trump's sudden suspension of foreign aid puts millions of lives in Africa at risk

FINANCIAL SERVICES

What African banks want from AfCFTA

What African banks want from AfCFTA

What African banks want from AfCFTA

Uganda: Fintech takes banking sector by storm

Uganda: Fintech takes banking sector by storm

Uganda: Fintech takes banking sector by storm

Is a single African currency feasible?

Is a single African currency feasible?

Is a single African currency feasible?

Libya's wealth fund says Belgian court lifts Euroclear asset "seizures"

$Libya's wealth fund says Belgian court lifts Euroclear asset \"seizures\"$

$Libya's wealth fund says Belgian court lifts Euroclear asset \"seizures\"$

World Bank, Bayelsa govt partner to boost agricultural sector

World Bank, Bayelsa govt partner to boost agricultural sector

World Bank, Bayelsa govt partner to boost agricultural sector

ZAWYA GREEN

COP30 in Brazil set to spotlight developing countries' climate finance needs

COP30 in Brazil set to spotlight developing countries' climate finance needs

COP30 in Brazil set to spotlight developing countries' climate finance needs

Zain achieves major milestone in Climate Action with SBTi approvals of Net-Zero Targets

Zain achieves major milestone in Climate Action with SBTi approvals of Net-Zero Targets

Zain achieves major milestone in Climate Action with SBTi approvals of Net-Zero Targets

DAVOS 2025: $7.1bln for climate & health, yet most impacted struggle

DAVOS 2025: $7.1bln for climate & health, yet most impacted struggle

DAVOS 2025: $7.1bln for climate & health, yet most impacted struggle

Qatar's transport ministry launches marine survey project

Qatar's transport ministry launches marine survey project

Qatar's transport ministry launches marine survey project

Trump's climate withdrawal creates rare discord with Big Oil

Trump's climate withdrawal creates rare discord with Big Oil

Trump's climate withdrawal creates rare discord with Big Oil

RENEWABLE ENERGY

Manah 2 Solar Power Project a step towards net zero emissions in Oman

Manah 2 Solar Power Project a step towards net zero emissions in Oman

Manah 2 Solar Power Project a step towards net zero emissions in Oman

Egypt: FRA forms advisory group to support oversight committee on carbon emission reduction

Egypt: FRA forms advisory group to support oversight committee on carbon emission reduction

Egypt: FRA forms advisory group to support oversight committee on carbon emission reduction

LATEST VIDEOS AND PODCASTS

VIDEO: ESG sukuk issuances to reach $50bln in 2025 amid funding needs in GCC, EMs

VIDEO: ESG sukuk issuances to reach $50bln in 2025 amid funding needs in GCC, EMs

VIDEO: ESG sukuk issuances to reach $50bln in 2025 amid funding needs in GCC, EMs

VIDEO: Economic growth in MENA on track as oil production cuts ease

VIDEO: Economic growth in MENA on track as oil production cuts ease

VIDEO: Economic growth in MENA on track as oil production cuts ease

VIDEO: Aldar Properties closes $2.45bln sustainability-linked revolving credit facility

VIDEO: Aldar Properties closes $2.45bln sustainability-linked revolving credit facility

VIDEO: Aldar Properties closes $2.45bln sustainability-linked revolving credit facility

Oman sees surge in property investors as deals hit $8bln

Oman sees surge in property investors as deals hit $8bln

Oman sees surge in property investors as deals hit $8bln

VIDEO: Rising prices, weakening currency weigh on Egypt’s non-oil business activity

VIDEO: Rising prices, weakening currency weigh on Egypt’s non-oil business activity

VIDEO: Rising prices, weakening currency weigh on Egypt’s non-oil business activity

VIDEO: Abu Dhabi’s Mubadala outpaces Saudi PIF with $29bln in deals

VIDEO: Abu Dhabi’s Mubadala outpaces Saudi PIF with $29bln in deals

VIDEO: Abu Dhabi’s Mubadala outpaces Saudi PIF with $29bln in deals

CAPITAL MARKETS

Stocks gain after Trump comments on tariffs, oil, rates

Stocks gain after Trump comments on tariffs, oil, rates

Stocks gain after Trump comments on tariffs, oil, rates

Qatar: Bond market transactions propel QSE trading to $315mln

Qatar: Bond market transactions propel QSE trading to $315mln

Qatar: Bond market transactions propel QSE trading to $315mln

EGX closes Thursday's trading session on mixed note

EGX closes Thursday's trading session on mixed note

EGX closes Thursday's trading session on mixed note

Qatar's QSE index closes 1.07% higher

Qatar's QSE index closes 1.07% higher

Qatar's QSE index closes 1.07% higher

Asia shares buoyed by Trump's China comments; BOJ hikes

Saudi: Derayah Financial intends to float 20% of capital on Main Market

Mideast Stocks: Gulf markets end mixed amid Trump's tariff plans

BUSINESS

ACRES 2025 unveils groundbreaking projects shaping future of Sharjah’s real estate sector

ACRES 2025 unveils groundbreaking projects shaping future of Sharjah’s real estate sector

ACRES 2025 unveils groundbreaking projects shaping future of Sharjah’s real estate sector

RENEWABLE ENERGY

Emerge announces two new agreements, project inauguration

Emerge announces two new agreements, project inauguration

Emerge announces two new agreements, project inauguration

South Africa: CTIA sees record 3mln international passengers in 2024

South Africa: CTIA sees record 3mln international passengers in 2024

South Africa: CTIA sees record 3mln international passengers in 2024

Kuwaiti official hails KOC's "ambitious" plans

$Kuwaiti official hails KOC's \"ambitious\" plans$

$Kuwaiti official hails KOC's \"ambitious\" plans$

Ministry of Transport starts hydrographic survey of Qatar’s waters

Ministry of Transport starts hydrographic survey of Qatar’s waters

Ministry of Transport starts hydrographic survey of Qatar’s waters

Drilling works at Zohr field to resume within days: Eni’s CEO

Drilling works at Zohr field to resume within days: Eni’s CEO

Drilling works at Zohr field to resume within days: Eni’s CEO

El-Khatib explores Al Dahra Holding’s investment plans in Egypt

El-Khatib explores Al Dahra Holding’s investment plans in Egypt

El-Khatib explores Al Dahra Holding’s investment plans in Egypt

ECONOMY

UAE concludes successful participation at WEF 2025

UAE concludes successful participation at WEF 2025

UAE concludes successful participation at WEF 2025

UAE, New Zealand issue joint statement

UAE, New Zealand issue joint statement

UAE, New Zealand issue joint statement

RAKEZ, RAK DED collaborate to boost business services in emirate

RAKEZ, RAK DED collaborate to boost business services in emirate

RAKEZ, RAK DED collaborate to boost business services in emirate

‘Close cooperation between Qatar, Oman private sectors’

‘Close cooperation between Qatar, Oman private sectors’

‘Close cooperation between Qatar, Oman private sectors’

Economic Affairs Minister: Kuwait strives for achieving GCC economic integration

Economic Affairs Minister: Kuwait strives for achieving GCC economic integration

Economic Affairs Minister: Kuwait strives for achieving GCC economic integration

IMF Executive Board concludes 2024 Article IV Consultation with Oman

IMF Executive Board concludes 2024 Article IV Consultation with Oman

IMF Executive Board concludes 2024 Article IV Consultation with Oman

Oman-Canada Business Forum reviews investment opportunities

Oman-Canada Business Forum reviews investment opportunities

Oman-Canada Business Forum reviews investment opportunities

Joint Oman-Iran Committee Holds 21st Meeting in Muscat

Joint Oman-Iran Committee Holds 21st Meeting in Muscat

Joint Oman-Iran Committee Holds 21st Meeting in Muscat

Egypt: Madbouly orders forming 6 advisory committees

Egypt: Madbouly orders forming 6 advisory committees

Egypt: Madbouly orders forming 6 advisory committees

El-Khatib highlights Egypt’s economic developments at Davos Forum

El-Khatib highlights Egypt’s economic developments at Davos Forum

El-Khatib highlights Egypt’s economic developments at Davos Forum

Egypt pledges continued support for Somalia in new strategic partnership

Egypt pledges continued support for Somalia in new strategic partnership

Egypt pledges continued support for Somalia in new strategic partnership

Qatar's budget for Q4 of 2024 achieves $247mln surplus: ministry

Qatar's budget for Q4 of 2024 achieves $247mln surplus: ministry

Qatar's budget for Q4 of 2024 achieves $247mln surplus: ministry

BONDS

Euro zone bond yields edge up, tariffs stay in focus

Euro zone bond yields edge up, tariffs stay in focus

Euro zone bond yields edge up, tariffs stay in focus

Third time lucky for 'Year of the Bond' call?: McGeever

Emerging Europe, Middle East to spearhead EM sovereign bond sales in 2025, BofA says

Euro zone bond yields hold steady, focus on Trump tariffs

M&A

Nigeria: Transcorp Power posts 115% Pre-Tax Profit

Nigeria: Transcorp Power posts 115% Pre-Tax Profit

Nigeria: Transcorp Power posts 115% Pre-Tax Profit

Dividend surge signals culture shift in China's markets

European earnings may keep the mood sweet as tariff fears grow

Etihad to sound out investors as Gulf carriers race towards IPOs

OIL & GAS

Kazakhstan sees oil output at Tengiz field rising 25% in 2025

Kazakhstan sees oil output at Tengiz field rising 25% in 2025

Kazakhstan sees oil output at Tengiz field rising 25% in 2025

Oil prices poised for weekly fall on Trump's energy policies

Kuwait's KOC key to oil sector development and economic growth: minister

Oil prices recover in December 2024; Aramco reduces prices for 2025 beginning: Aljazira Capital

POLITICS OF OIL

China stimulus to lift 2025 gas imports, but trade war may curb growth

China stimulus to lift 2025 gas imports, but trade war may curb growth

China stimulus to lift 2025 gas imports, but trade war may curb growth

THE FUTURE OF CRYPTOS

Trump orders crypto working group to draft new regulations, explore national stockpile

Trump orders crypto working group to draft new regulations, explore national stockpile

Trump orders crypto working group to draft new regulations, explore national stockpile

POWERED BY HYDROGEN

Africa set to launch 41 green hydrogen projects by 2030: Report

Africa set to launch 41 green hydrogen projects by 2030: Report

Africa set to launch 41 green hydrogen projects by 2030: Report

PRESS RELEASE

COMPANIES

3DXB Group welcomes 2025 with renewed commitment to sustainable construction

3DXB Group welcomes 2025 with renewed commitment to sustainable construction

3DXB Group welcomes 2025 with renewed commitment to sustainable construction

GOVERNMENT

A giant alliance brings together "MIDAR," "Sumou Investment" of Saudi Arabia, "Adeer International," and "Hassan Allam Properties"

$A giant alliance brings together \"MIDAR,\" \"Sumou Investment\" of Saudi Arabia, \"Adeer International,\" and \"Hassan Allam Properties\"$

$A giant alliance brings together \"MIDAR,\" \"Sumou Investment\" of Saudi Arabia, \"Adeer International,\" and \"Hassan Allam Properties\"$

EVENTS

Saudi Arabia to host regular world economic forum global meeting

PEOPLE IN THE NEWS

Coco Group appoints Mir Hafizur Raheman as the executive chef for Coco Restaurant & Lounge in Downtown Dubai