10+ hour, 52+ min ago   (171+ words) Why Saudi first? Jayasom was founded about 11 years ago and had expected a project in Ibiza, Spain, to be its first operating property. “Saudi was faster,” Campbell said. “They have a lot of motivation and a lot of resources.” Around…...

10+ hour, 52+ min ago   (646+ words) Good morning, all. It’s a tense start to the week, with the war closing in on the two arteries that have kept Saudi crude moving. The timing makes our second story read differently: S&P affirmed Saudi Arabia’s A+ rating…...

10+ hour, 52+ min ago   (444+ words) The war had already dented the oil economy. S&P already expects real GDP to contract 0.9% this year, with the 2Q reading showing a 4.7% y-o-y fall, the steepest since Covid, on a 24.8% drop in oil activity and output tumbling to an…...

10+ hour, 52+ min ago   (303+ words) The pressure on Saudi Arabia’s oil export routes increased over the weekend, with a Houthi advance up Yemen’s Red Sea coast and drones from Iraq striking the country’s main oil pipeline. This comes as the Kingdom’s crude output is already…...

3+ day, 11+ hour ago   (429+ words) EnterpriseAM Available in your choice of English or Arabic Majid Al Futtaim (MAF) reported record first-half EBITDA of AED 2.5 bn, up 11% y-o-y, with net operating income after tax rising 25% to AED 1.8 bn, according to its earnings release. Revenue rose 1.4% y-o-y…...

4+ day, 10+ hour ago   (966+ words) Good morning, friends. Every headline number in today’s issue is a good one, but not one of them means what it looks like on the surface. The question we’ll carry through the rest of the issue is what happens when…...

4+ day, 7+ hour ago   (148+ words) Riyadh Air’s cargo arm says inquiries are rising as war-driven disruption to Gulf shipping pushes shippers off sea freight, Riyadh Cargo’s Chief Cargo Officer Pravin Singh tells EnterpriseAM. The strongest interest, he says, is on the Asia-Middle East-Europe lanes, the…...

5+ day, 10+ hour ago   (292+ words) Another global manager lands in DIFC BACKGROUND- Mirae joins a steady stream of global managers setting up in the hub to get closer to regional capital, just days after French asset manager Carmignac opened its first Middle East office there....

5+ day, 10+ hour ago   (542+ words) The Red Sea gets its own grid The Red Sea destination’s utility system is now commercially operational, kicking off a 25-year concession for an Acwa Power-led consortium, according to a press release. The system, worth USD 1.84 bn, is billed as…...

1+ week, 11+ hour ago   (281+ words) EnterpriseAM Available in your choice of English or Arabic The foreign media is putting Chinese President Xi Jinping’s Cairo stop squarely inside the US-China technology rivalry, with Bloomberg casting Egypt as an increasingly important arena in the competition. The outlet…...