The Organization of Petroleum Exporting Countries and its allies convene on September 5
Investors are also facing the prospect of rising supply as demand moderates
We explore how a rapidly changing geopolitical landscape has driven investment prospects in certain sector
Copper fell 1.1 per cent to $7,589 a ton on the London Metal Exchange as of 11.03am in Shanghai, dipping below the $7,597 intraday low on Tuesday
Assets under management for crypto investment products in June reached a record low
Oil has started the third quarter in strong form after dropping in June
The new contracts mark the second derivatives product to be introduced in the exchange
Carlyle is selling a 41.7 per cent stake in Alamar, or 10.6 million shares, to institutional and retail investors
Bonds amounting to Dhs750m will be offered for a two-year tranche, and Dhs750m for a three years tranche
Speaking to Gulf Business, Rob Ansari, head of investments and retirement – India, Middle East, Turkey and Africa at Mercer, shares insights on evolving market trends and the way forward
The company expects to pay a dividend amount of Dhs800m per annum over the next three years
Bitcoin has been strongly correlated with risk assets for much of the past couple years
The issuance witnessed demand from regional and international investors, with a subscription order of $720m, more than two times the offer size
Bitcoin is trading above $30,000 on Tuesday as it recovers from a sharp decline in the past three weeks
Mercedes sees top-end vehicle sales increasing by 60 per cent by 2026, a jump that would help push its operating margin to around 14 per cent by mid-decade
The contracts will be cash settled and will have a smaller contract size of 100 barrels making them accessible
Shuaa joins existing investors Riyad Capital and UK comparison website GoCompare
Investors continue to seek a store of value amid the uncertainty
The US Federal Reserve raised interest rates by a quarter percentage point
Dubai-based Careem has reportedly held talks with Saudi Arabia’s Public Investment Fund and Abu Dhabi’s ADQ to raise the funds
Market capitalisation of stocks listed on the exchange more than doubled to reach Dhs1.6tn
Local investors placed orders worth SAR206bn
ADNOC said the new entity “intends to closely monitor market conditions and explore potential funding opportunities”
The alternative coins’ use surged partly as more businesses have begun using stablecoins for cross-border payments
The manner in which our digital lives operate today has been engineered in boardrooms to serve the interests of a select group of technology investors
The first few months for any startup are critical
Established in 1969, Olayan Financing controls the billionaire family’s investments in the Middle East
The deal reflects Mubadala Capital’s foray into the food and beverage sector, where it invested about $1.8bn in the past seven years alone
At the outset Saudi Arabia plans to build four or five zones
An IPO of Tadawul has been on the cards since at least 2016