ZAWYA - Your trusted source for business and finance news

TRANSPORT

Etihad Rail, Oman Rail to build $3bln Oman-Etihad Rail Company

$Etihad Rail, Oman Rail to build $3bln\u00A0Oman-Etihad Rail Company\n$

IPO

Saudi Arabian Drilling IPO set to raise $712mln; price set at $24-26.6 per share

WEALTH

Saudi PIF delivered 25% return last year - report

EQUITIES

Mideast Stocks: Saudi bourse extends rebound

EQUITIES

Abu Dhabi Securities Exchange signs MoU with Muscat Securities Market to expand cooperation

ECONOMY

UAE’s economic success to be measured using ‘Gross Metaverse Product’ instead of GDP': Top official

EQUITIES

ADNOC Distribution board approves $350mln interim cash dividend H1 2022

ZAWYA COVERAGE

METALS

Steel prices fall 25% in Kenya on China’s real estate slowdown

HOSPITALITY

Dubai Holding names new CEO for Jumeirah Group

WEALTH MANAGEMENT

Moody's assigns top rating to PIF's EMTN programme

POLICY

UAE COVID-19 update: Face masks no longer mandatory at Dubai airports

M&A

Abu Dhabi IHC acquires Emircon for $68mln

ENERGY

Saudi's ACWA Power signs deals for desalination, power plants in Sub-Saharan Africa

EQUITIES

Qatar Investment Authority launches new initiative to boost liquidity

FINTECH

UAE's Mubadala-backed Tabby, Paymob sign deal in Egypt

OIL AND GAS

Qatar's trade surplus jumps 89% on gas exports surge

WORLD TODAY

EQUITIES

US: Nasdaq divides business into three units to streamline operations

TRADE

Israel-South Korea free trade deal to take effect Dec. 1

CURRENCIES

Egyptian currency approaches historic low against dollar

ENVIRONMENT

Cuba slowly begins to restore power after Hurricane Ian knocks out grid

LEGAL

EU proposes rules making it easier to sue drone makers, AI systems

ECONOMY

Russia to spend $55bln from rainy-day fund to cover 2022 budget deficit

EVENT

Pope to visit Bahrain for conference in November, Vatican says

ECONOMY

Inflation weighs on consumer morale in euro zone's big three economies

FOOD

Private sector to pledge $8bln to combat U.S. hunger-White House

AIRLINES

Russia aiming to fly solo without Airbus and Boeing

DIPLOMACY

U.S. to continue deepening unofficial ties with Taiwan, Harris says

SUSTAINABILITY

Australian state unveils $40bln clean energy plan to slash reliance on coal

AFRICA TODAY

CYBERCRIME

South Sudan to set up special court for cybercrime

TRADE

Egypt-Spain trade exchange grows 31.3% YoY in 2021

ECOMMERCE

Amazon eyes further investments in Egypt

OPINION

Perspective: The challenges Emerging Markets face, then and now

When I look at the world today through the lens of past EM market experiences, a perfect storm is brewing for indebted countries with undiversified economies

Libya: What does the future hold?

Hatem LukhaiHead of Libya Desk, British Arab Commercial Bank (BACB)

The future of Libya is one of economic renewal and diversification. With political stability comes the promise of investment and intra-African trade

Analyzing the need for CBDCs in a digital economy

A CBDC is a much-needed step. People look for cheaper and faster options to conduct payment transactions and it does not matter to them who is the provider

Actions to take now to counter inflation

Samer HijaziAbu Dhabi Office Managing Partner Grant Thornton UAE

While the UAE and other GCC countries have not experienced the surge in prices being witnessed in other parts of the world, this region is not immune to inflationary pressures.