Dubai-based alternative investment and PE firm EightClouds launched a UAE-focused residential investment fund targeting USD 300 mn in commitments, according to a press release (pdf). The new vehicle ...

Acwa Power is making its first big move into the US, signing a joint-venture agreement with Washington-based investor EIG to build a power-generation and energy-storage platform in the US market. The ...

Monetary Policy Committee (MPC) raised key policy rates by 100 bps on Thursday, the first increase since March 2024 and the first reversal of an easing cycle that had cut 825 bps in six moves from ...

Plus: Bills of exchange and promissory notes must now be logged on Nafith to carry automatic enforcement power ...

The EBRD has arranged the USD 265 mn syndicated loan for ADD Properties’ new Grand Hyatt on the Giza Plateau, with EFG Hermes as ...

Qalaa Holdings shareholders cleared the EGP 3.87 bn capital increase that pays for the company’s move to 27.1% of the Egyptian Refining Company (ERC), up from 13%, according to an EGX filing (pdf). An ...

Public-sector enterprises are driving Saudi credit growth. Bank lending to them jumped 21.5% y-o-y to SAR 285.1 bn in September, nearly three times the 7.3% rise in total bank credit, which reached ...

Good morning, friends. The interest rate hike is three days old by now, and you’ve probably read a version of it. What you haven’t ...

The Cairo- and Cambridge-based CX startup says Dstny’s R&D spending left it with a product that can compete with global incumbents ...

That caution comes as Houthi attacks on Saudi Arabia escalate and Gulf leaders push for de-escalation to avert a renewed regional conflict. On the oil front, Saudi Arabia and its Opec+ partners agreed ...

Saudi’s new debt enforcement law makes dues faster to collect and harder to dodge. The Justice Ministry’s new Enforcement Law — which took effect on Wednesday — and its implementing regulations ...

Parking Saudi crude in Pakistan? Saudi oil firms may soon get a tax-free place to store oil in Pakistan. Petroleum Minister Ali Pervaiz Malik told Saudi Arabia’s ambassador that Islamabad has approved ...