Search results

General

Type

Sector

Regions

Sort options

1,801 results found for your search

Free

Dubai-based port operator DP World signed a 30-year concession with Tanzania Ports Authority to operate and modernise Dar Es Salaam Port. DP World plans to invest $250m to upgrade the port, a figure it said could rise to $1bn alongside related projects.

United Arab Emirates (UAE)
Subscriber

Emirati Sheikh Ahmed Dalmook Juma Al-Maktoum has been involved in a number of business deals around Africa. During the Covid pandemic, he was connected to efforts to sell Russia's Sputnik V coronavirus vaccine in several countries in Africa and Asia. 

United Arab Emirates (UAE)
Subscriber

A Dubai-based company backed by a well-connected but relatively low-profile member of Dubai's ruling Al-Maktoum family has been signing deals across Africa to generate carbon credits – while generating some controversy in the process.

United Arab Emirates (UAE)
Subscriber

Turkish attacks: Türkiye (Turkey) launched a sustained aerial bombardment of Kurdistan Workers’ party (PKK) bases in the Kurdistan Region of Iraq (KRI) in early October, following a suicide bombing at the Ministry of Interior building in Ankara on the opening day of the month, a few hours ahead of the reopening of the Turkish parliament after a three-month summer recess.

Iraq
Subscriber

Saladin governor warrant: An arrest warrant was issued by Iraq's Federal Commission of Integrity against a former governor of Saladin province, following accusations of corruption involving contracts for water services in the area. A statement by the commission on 7 October said the warrant had been issued under Article 331 of the Penal Code.

Iraq
Free

Two Saudi state-owned bodies, the Public Investment Fund (PIF) and Saudi Electricity Company (SEC), launched a new electric vehicle (EV) charging company on 8 October, in which ownership is split 75/25 in the PIF’s favour.

Saudi Arabia
Subscriber

Saudi Arabia's government has said its budget will slip into deficit this year, amid a fall in economic activity which is largely due to the voluntary limits the country has placed on its oil production. The budget deficits are expected to continue for the three following years.

Saudi Arabia
Subscriber

The Central Bank of the UAE (CBUAE) agreed a bilateral currency swap agreement with the Central Bank of Egypt (CBE) on 28 September, allowing for the exchange of up to AED5bn and EGP42bn – equivalent in both cases to around $1.4bn – between the two institutions.

United Arab Emirates (UAE)
Subscriber

Oman Investment Authority (OIA) has set up the €100m ($106m) Spain Oman Private Equity Fund (Sopef) II with the Spanish government’s development finance institution Compañía Española de Financiación del Desarrollo (Cofides). The move extends a relationship which began with Sopef I launched in 2018 which is now almost fully invested and comes amid a number of recent international deals by the Omani fund.

Oman
Subscriber

Oman's State Audit Institution (SAI) director general Sharifa Bint Yahya Al-Mahrouqiyya said more than 30 civil servants had been found guilty of corruption and embezzlement last year. Speaking during a local television interview, she outlined details from her organisation’s annual report for 2022.

Oman
Issue 1177 - 29 September 2023

Dubai starts to pay off Abu Dhabi debt

Subscriber

Dubai’s government plans to cut its debts by AED29bn ($7.9bn) this year, in a sign the emirate may be getting to grips with what has been a key economic vulnerability. In a statement, Dubai said it would pay off part of a AED20bn loan from the Central Bank of the UAE and Abu Dhabi government, which was provided after the 2008/09 financial crisis.

United Arab Emirates (UAE)
Subscriber

Global and regional powers have drawn up a series of plans to develop new trade corridors through Gulf countries over recent years, with the latest emerging at the G20 summit in India which will pass through the UAE, Saudi Arabia and on to Jordan and Israel. The ambitious plan could take decades to realise and will face competition from rival schemes backed by Iran, Iraq, Russia and Turkey. 

Iran | Saudi Arabia | Jordan | Oman | United Arab Emirates (UAE) | Israel | Iraq | Qatar
Subscriber

The Kuwaiti government has said it has 'updated' its economic reform strategy and pushed back the final date by five years to 2040, citing the Covid pandemic and the Ukraine war as reasons for the delay. 

Kuwait
Issue 1173 - 27 September 2023

Fitch upgrades Omani sovereign rating

Subscriber

Fitch Ratings upgraded Oman's long-term foreign-currency rating by one notch on 25 September, taking it from BB to BB+, with a stable outlook.

Oman
Subscriber

Grundberg diplomacy: United Nations special envoy Hans Grundberg has been meeting senior figures around the region, in an effort to inject new momentum into the peace process. He was in Riyadh on 9 August where he met Yemeni Presidential Leadership Council (PLC) head Rashad Al-Alimi, Prime Minister Maeen Abdulmalik, foreign minister Ahmed Bin Mubarak and Saudi ambassador to Yemen Mohamed Al-Jaber. The following week, Grundberg was in Muscat for talks with Foreign Ministry undersecretary Khalifa Al-Harthy and Houthi chief negotiator Mohammed Abdel Salam.

Yemen