Tilal to issue first Omani sukuk
Tilal Development would used the proceeds raised in the sukuk sale for the expansion of its flagship project in Muscat, Oman.
Middle East
India Secures 10-Year Chabahar Port Deal With Iran, Bypassing Rival Pakistan's Gwadar
India secured a 10-year Chabahar Port deal with Iran, bypassing Pakistan's Gwadar. The investment totals $370 million. The move strengthens regional ties and enhances trade routes amid escalating tensions.
Chinese Companies Dominate Licensing Bids to Explore Iraq Oil and Gas Fields as US Snubs Energy Bidding Round
Chinese companies won five more bids to explore and develop oil and gas fields in Iraq...
Despite Biden Administration Pause, Billions of Dollars Worth of US Weaponry Still Due to Go to Israel
Despite the Biden administration's pause on one bomb shipment and review of others due to concerns over potential civilian casualties, Israel is still set to receive US weaponry worth billions of doll..
Maersk Shipping Disruption Amid Houthi Attacks in Red Sea Could Force More Delays
Red Sea container shipping is experiencing increased disruption, according to Maersk, which predicts that capacity between Asia and Europe would be reduced by up to 20% in the second quarter...
Biden Administration Halts US Ammunition Shipment to Israel; Tel Aviv ‘Unaware’ of Washington’s Decision
Israel is "unaware" of any US decision to halt a supply of ammunition ...
EU Vows $1 Billion Aid for Lebanon Amid Spiralling Economic Crisis
The European Union has recently unveiled a substantial aid package of ...
Latest News
Ford Motor Corp set to expand fifth unit for Middle Eastern and African markets
The fifth global business unit for Ford serving the Middle East and African regions would be headquartered at Dubai, in the UAE.
UAE banking rules criticized, government revision soon to come out
With vigorous criticism of the rules on banking exposure related to government related debt, the UAE central bank was forced to review the rules and study on how to lessen its harsh effects.
ETISALAT agrees to acquire Vivendi's Maroc Stake for USD5.7 billion
UAE's Emirates Telecommunications Corp. (ETISALAT) would be the new owner of a portion of Vivendi SA's stake in Maroc Telecom SA.
GE embraces crowdfunding with OurCrowd partnership
GE Ventures entered the crowdfunding arena by partnering with the OurCrowd platform.
Deals of the day - M&As
The following bids, mergers, acquisitions and disposals were reported on Monday
Dubai's DAMAC Properties eyes USD500 million London share listing
Dubai developer DAMAC Properties announced its plans to sell USD500 million worth of shares on the London Stock Exchange.
Henkel of Germany seeks EUR10 billion in sales by 2016
Germany's Henkel had made plans to increase sales in MENA for the next few years.
South Korean firms enter into joint venture projects with Arabtec
GS Engineering and Construction and Samsung Engineering form joint ventures with Arabtec separately.
Royal decree for bailout funds set to be vetoed by Bahraini parliament
The King Hamas decree granting BHD185 million bailout to Gulf Air is set to be vetoed by a number of MPs since it was done while Parliament was in recess.
