The heightened volatility in commodity prices, profit rates, and exchange rates following the onset of the Iran war has reinforced the importance of Islamic derivatives for risk management, Fitch Ratings says. However, adoption is fragmented, and varies by sector and country.
Malaysian low-cost airline AirAsia X said has postponed the launch of its planned service via Bahrain until at least August due to the conflict in the Middle East, Reuters report said.
Malaysia is set to roll out a line-up of festivals, events, and retail experiences across the country, positioning the destination as an option for GCC travellers planning holidays around the Eid al Adha period.
MGB, a leading construction, property development and IBS precast concrete manufacturer, has secured a key contract from leading Saudi developer Roshn for the construction of 75 villas under its Marafy Al Arous Development Project in Jeddah.
Strohm will supply two insulated carbon fibre PA12 thermoplastic composite pipe jumpers for a Southeast Asian operator. The 7-inch jumpers support an offshore Sabah field extension in 1,350m depth, with installation planned in 2027.
QatarEnergy has signed a 20-year liquefied natural gas (LNG) Sale and Purchase Agreement (SPA) with Malaysia's Petronas LNG (PLL), a subsidiary of Petronas, the first long-term LNG supply agreement between the two companies.
Oman has signed an concession agreement with a joint venture of Oman's OQ Exploration and Production and Malaysian group Petronas for an offshore block in the Sea of Oman spanning 21,000 sq km. This comes as part of the government's efforts to boost exploration and production activities in the sultanate.
Malaysia’s Special Business Mission to Dubai has wrapped up with resounding success, generating significant investor interest and reaffirming Malaysia’s position as a rising global player in the franchise and SME ecosystem.
Abu Dhabi’s Masdar has announced its first project in Malaysia, with the signing of a power purchase deal to build a 200MW floating solar plant in Pahang State. Once operational, the Chereh Dam facility will become the largest floating solar project in Southeast Asia.
Malaysia is set to bring a high-level special business mission to Dubai, aiming to strengthen its position as a global franchise hub and trade expansion.
