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Traveller is looking out of airport window at airplane. Silhouette of man waiting for his flight

Riyadh Air delays launch after Boeing setbacks

Riyadh Air has been forced to push back its launch date to the third quarter of 2025 after delays to deliveries from Boeing. The new Saudi airline had been scheduled to begin flying early this year.  It is a blow to Saudi Arabia’s tourism ambitions to attract 150 million visits a year. Riyadh Air was founded […]

KKR GDH Tarek Al Ashram Tara Davies Thani Bin Ahmed Al Zeyoudi Omar Sultan Al Olam

KKR signs a $5bn Gulf data centre deal in Dubai

KKR, the American investment giant, and the data centre platform Gulf Data Hub (GDH), based in Dubai, have signed a strategic partnership to invest $5 billion in data centres serving the Gulf. A joint press release on Friday said that funds “affiliated with KKR” will also acquire a stake in GDH, although it did not […]

Bahrain Bourse hopes traders will be encouraged by discounts on commissions

Bahrain bourse launches incentive scheme to revive trading

Bahrain Bourse will introduce various incentives next month to try to boost trading on a market that accounts for less than one-thousandth of daily turnover on Gulf stock exchanges. The scheme, which begins on February 2, aims to improve trading activity and increase the number of institutions investing in Bahraini stocks. Its launch comes amid […]

Shell's Perdido platform in the Gulf of Mexico; the company is likely to move its gas trading team from Madrid

Shell to relocate Madrid gas trading team to Dubai

Shell plans to close its Madrid gas trading operations for tax reasons, Spanish newspaper Cinco Dias has reported. Citing unnamed sources, the report said Shell planned to relocate its gas trading staff of 50 people to Dubai, London and Singapore. The staff includes a team handling commercial activities. The Madrid operations were originally part of […]

Saudi Crown Prince Mohammed bin Salman and President Donald Trump during the latter's first term. An expectant Saudi Arabia is prepared to face the challenges and opportunities of his second

Trump inauguration: Saudi Arabia comes into focus

Saudi Arabia looms large as Donald Trump moves back into the White House for a second term as US president, and there are many opportunities for cooperation along with significant challenges. Since Trump was first elected in 2016, one would be “hard pressed” to name a more changed nation than Saudi Arabia, according to Richard […]

GFH Financial Group logo

GFH Financial Group

GFH Financial Group is an Islamic investment bank. It has headquarters in Bahrain Financial Harbour, Bahrain. Previously known as Gulf Finance House, GFH was established in 1999 under a licence granted by the Central Bank of Bahrain. The bank operates in accordance with sharia, offering financial services, investment and commercial transactions and real estate services, […]

Gardener watering plants on the Corniche with West Bay skyline of Doha in the background.

Climate and cost: the Gulf’s water scarcity challenge

Water stressed regions High water consumption Increasing operational costs Over the past 18 months, Saudi Arabia has set up a Global Water Organisation, established a stand-alone Saudi Water Authority and presided over the One Water Sum... Register now: It’s easy and free This content is available for registered members only. Register for your free account […]

A sign shop in Istanbul. Non-performing loans from lending to SMEs in Turkey grew 5 percent to $375m in 2024

Problem loans soar at Qatar National Bank’s Turkish unit

Qatar National Bank (QNB), the Middle East and Africa’s largest lender by assets, this week reported another solid set of annual earnings. Yet within its financials lurks a potentially worrying statistic: rising loan defaults by consumers and small companies. As the Qatari government’s lender of choice – the state owns half the bank – QNB […]

A diabetes awareness event organised by the Dr Soliman Abdel Kader Fakeeh Hospital; the Saudi medical company conducted the largest IPO, selling 21.5 percent of its stock for $764 million

Strong post-IPO performance bodes well for Saudi flotations

Recently floated Saudi Arabian companies have thrived since listing on Riyadh’s bourse, thanks in part to astute pricing of initial public offerings and foreign institutional investors’ growing participation. Since the start of 2024, there have been 14 IPOs in Saudi Arabia that raised more than $100 million, according to data compiled by AGBI and London […]

Adult, Male, Man

Oman imposes 15% tax on multinationals

Oman will impose a minimum top-up tax (DMTT) of 15 percent on multinational companies from January 1, according to a royal decree published by the Oman News Agency. The tax will apply to multinationals with consolidated annual revenue of OR300 million ($779.2 million), a tax official told the Reuters news agency. Last month the UAE’s […]

Dubai-based Manrre REIT owns assets across the UAE and the GCC region

Bahrain’s GFH buys $136m Dubai-based logistics fund

GFH Partners, the DIFC-based asset management arm of Bahrain-based GFH Financial Group, has acquired Manrre REIT, the Dubai-based fund with assets across the UAE and the GCC region. The fund’s portfolio is valued at AED500 million ($136.13 million), including 26 industrial and logistics properties in the Emirates. GFH Partners has assumed the fund manager’s role […]

Gulf UAE Saudi PPPs

Gulf still struggling to attract private cash for public projects

Lower oil prices are driving Gulf countries, particularly Saudi Arabia and the UAE, to involve private companies in financing critical infrastructure projects worth tens of billions of dollars. Despite some successes, the expansion of public-private partnerships (PPPs) is being hampered by inconsistent project delivery and changing regulatory frameworks that are holding back investor confidence, experts […]

GCC healthcare tie-ups US hospital

Healthcare providers from Americas target GCC tie-ups

With the rise of chronic diseases and other complex medical needs, co-operation is growing between medical institutions in Gulf states and their counterparts in the US and beyond. Mass General Brigham Hospitals Network and the Dana-Farber Cancer Institute, both based in Boston, Massachusetts, and the Mayo Clinic of Rochester, Minnesota, are among the household names […]

Calo offers meal subscriptions that customers can order and arrange online

Foodtech startup Calo plans IPO after $25m funding round

Saudi food technology startup Calo is planning to list on the country’s stock exchange following a raise of SAR94 million ($25 million) in its Series B funding round.  Based in Riyadh, Calo specialises in personalised meal subscriptions and also has a bricks-and-mortar offering. It is embarking on an accelerated expansion phase, increasing its physical locations […]