featured

Reading Time 2 minutes

ADNOC Distribution’s Q2 profit nearly doubled to AED 1.32 billion, driven largely by higher fuel prices and inventory gains despite almost flat fuel sales.

Clock18/08/2026

Investcorp has secured a $550 million syndicated term loan, combining conventional and Islamic financing, after strong investor demand pushed the deal beyond its initial $400 million target. The proceeds will support general corporate purposes and debt refinancing.

Day Four of Dubai Future Finance Week explored the future of family wealth and tokenized finance, bringing together global leaders to discuss intergenerational wealth, succession planning, digital assets and the infrastructure shaping tomorrow’s financial markets.

Nigeria is calling on Russia to deepen investment and technology transfer across Africa, with a focus on energy, infrastructure, agriculture, manufacturing and digital development. Speaking at the Third Russia-Africa Summit in Moscow, Nigerian officials stressed the need to turn diplomatic partnerships into tangible economic growth and long-term opportunities.

Reading Time < 1 minute

The Central Bank of Egypt raised key interest rates by 100 basis points, bringing the overnight deposit rate to 20% and lending rate to 21%, citing monthly inflation. The move ends an easing cycle that delivered 825 basis points in cuts since April 2025, while the bank pushed its inflation target timeline to the fourth quarter of 2027.

Clock02/11/2026
Latest news
Money
EFG Holding Revenues Jump 66% to $481.7M
22/03/2025
Money
Abu Dhabi Banking Sector Fuels Growth and Investment
22/03/2025
Money
Rubrik and Deloitte Team Up to Deliver Cyber Resilience
21/03/2025
Money
Gold Hits Record High as Fed Plans 2025 Rate Cuts
20/03/2025
Money
Accenture and CBD Launch AI and Data Training for Workforce Growth
20/03/2025
Money
E-commerce Booms in FMCG & T&D: UAE & KSA 2024
18/03/2025
Money
GCC Banking Sector Set for Strong Performance in 2025
18/03/2025
Money
Sahm Capital joins the Arab Federation of Capital Markets
16/03/2025
Money
UAE Extends Corporate Tax Record Update Deadline to March 2025
14/03/2025
Money
RemotePass And Wafeq Automate Payroll And Accounting In UAE And KSA
14/03/2025
Load more