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US tariffs threaten $22bn in Arab non-oil exports, says ESCWAA dramatic escalation in trade protectionism by the US is significantly impacting Arab economies, placing $22 billion in non-oil exports at risk, according to a policy brief issued today (April 19) by the United Nations Economic and Social Commission for Western Asia (ESCWA). &nb More… |
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GCC fixed income market sees $51.5bn in primary issuances in Q1The primary debt issuances of bonds and sukuk in the GCC countries amounted to $51.51 billion through 125 issuances during the first quarter of 2025, down 7.1% from the same quarter last year, where issuances in Q1 2024 stood at $55.5 billion, according to Kuwait Financial Centre (Markaz). More… |
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BHM Capital named liquidity provider for Alpha Data sharesBHM Capital Financial Services has announced that it haas been appointed as the liquidity provider for Alpha Data shares listed on the Abu Dhabi Securities Exchange (ADX). A leading private joint stock company listed in the Dubai Financial Market (DFM) a More… |
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EquipmentsFinder signs up for Project Iraq 2025EquipmentsFinder.com, a digital platform for construction machinery and equipment solutions in the Middle East, has announced its official media partnership with Project Iraq 2025. One of the region’s largest construction exhibitions, the event wil More… |
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Dubai Investments to distribute $208m cash dividends for FY 2024Dubai Investments, the leading diversified investment company listed on the Dubai Financial Market (DFM), has announced the distribution of 18% cash dividends amounting to AED765.36 million ($208.3 million) for the financial year ended December 31, 2024. More… |
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Bahrain launches new housing finance optionAs part of the executive plan to implement the directives of His Majesty King Hamad bin Isa Al Khalifa to accelerate housing projects and provide 50,000 new units, Bahrain's Ministry of Housing and Urban Planning has launched a new financing option "Tas’heel+." More… |
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Bain & Company opens new regional headquarters in RiyadhBain & Company, a leading global management consultancy, has announced the opening of its new regional headquarters in Riyadh — a move that reinforces the firm’s long-standing commitment to the kingdom and the wider Middle East. The new s More… |
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Gold breaks $3,300 for first time in history as tariff war ramps upGold has set a new record by crossing a milestone level of $3,300 for the first time in history. The gold price has jumped 40% over the last 12 months, said media reports. Spot gold hit a record of $3,317.90 per ounce on Wednesday, resuming a ral More… |
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Saudi asset management industry tops SAR1 trillion, says FitchThe Saudi Arabian asset management industry grew by over 20% in 2024, exceeding SAR1 trillion ($266 billion) assets under management (AUM) for the first time, said Fitch Ratings. The industry is likely to attract steady inflows in 2025–2026, with A More… |
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Tariffs: GCC banks face limited direct impact; oil prices keyUS tariffs are likely to only have small direct effects on GCC bank operating environments, but indirect impacts due to lower oil prices and weaker global economic activity, which could lead to lower government spending, will be key, Fitch Ratings says. GCC ex More… |
