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SABIC is expected to post a SAR308 million net loss in the second quarter of 2026, according to Riyad Capital, as lower petrochemical exports and shipping disruptions through the Strait of Hormuz weigh on performance. Revenue is also forecast to decline 41% year-on-year to SAR21 billion.
13/07/2026
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.
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.
02/11/2026
