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Banking & Finance

MSX raises $32 billion in five years as Roundtable reveals Oman’s capital market growth

Held in the presence of Abdulsalam bin Mohammed al Murshidi, President of the Oman Investment Authority, and Mohammed bin Mahfouz al Ardhi, Chairman of...

Kuwait’s new legislation regarding public borrowing allows debt issuance up to 50 years, capped at KD30 billion

The law, announced by the Ministry of Finance, permits the issuance of financial instruments with maturities of up to 50 years and sets a...

Markets steady after Nasdaq’s biggest drop in two years

Europe’s Stoxx 600 index remained flat in early trading, while Asia-Pacific stocks pared earlier losses, recovering from a 1.75% drop to trade just 0.5%...

Etihad Airways to launch $1 billion IPO this week

The Abu Dhabi-based carrier plans to offer 20% of its business by selling 2.7 billion new shares, with proceeds directed toward funding its expansion...

Bitcoin dips below $90K, Ether hits lowest since October

Traders reacted sharply to the security breach, leading to a wave of liquidations across the digital asset market. Bitcoin, the world’s largest cryptocurrency by market...

NRI deposits rise 43% as inflows accelerate higher returns

With this sharp rise, the total outstanding NRI deposits at the end of December 2024 soared to $161.8 billion, compared to $146.9 billion a...

Investcorp Capital names Mohamed Aamer as Interim CEO

Investcorp Capital, a leading investor in private markets and alternative investment opportunities, has announced the appointment of Mohamed Aamer as its Interim CEO effective...

Gulf stock markets see gains, boosted by rising oil prices despite regional tensions

Gulf stock markets started Tuesday on a positive note, buoyed by a 0.5% rise in oil prices, with Brent crude trading at $72.17 per...

Talabat eyes $1.5 billion in IPO on Dubai Financial Market

Talabat Holdings, a subsidiary of Germany’s Delivery Hero, has announced plans to raise up to $1.5 billion through its initial public offering (IPO) on the Dubai Financial Market.

Bitcoin breaks $75,000 mark as Donald Trump’s possible return fuels rally

Cryptocurrency soars to all-time high amid anticipation of Trump-led White House; Market sentiment remains bullish despite high prices.

Indian rupee hits new low amid rising U.S. yields and economic concerns

The Indian rupee ended flat on Monday, after dipping to a record low of 84.0850 against the dollar, as rising U.S. bond yields and an increasingly strong dollar continued to weigh on the currency.

Don't miss

National Life and General Insurance Company: Delivering value beyond insurance to customers

Oman’s largest insurer NLGIC is on course to become a regional multi-line, multi-country giant delivering value beyond insurance to the customers.

AI central to UAE’s economic diversification, says COP28 President-Designate

AI will contribute to the UAE’s net zero strategic initiative by 2050 and help unlock advances in climate progress, says H.E. Dr. Sultan Ahmed Al Jaber, UAE Minister of Industry and Advanced Technology.

Economic growth in GCC to more than halve in 2023: World Bank report

However, the GCC growth will still outperform the wider Middle East and North Africa region, forecast to grow by 3% in 2023, down from 5.8% growth in 2022.

KitchenomiKs aims to transform on-demand food economy in Oman

KitchenomiKs cooks up dainty on-demand delicacies, tossing in emerging technologies, yummy multi-brand choices and seamless delivery.

Real estate sector in GCC experiencing ‘profound transformation’: Expert

The real estate sector in the GCC region is...
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