Markets Oil drives rise in Gulf stock markets Major Gulf bourses closed higher on Wednesday, with a rise in oil prices driving the Saudi index up more than one per cent, while geopolitical tensions weighed on sentiment in Egypt. Oil prices rose 1.4 per cent on a drop in US oil inventories and concern over tighter supplies from Russia and Libya. Saudi Arabia’s […] April 20, 2022
Tech company iMENA working with banks on IPO plans Middle East technology investment firm iMENA Group, part owned by Abu Dhabi telecom operator e& , is considering an initial public offering in Abu Dhabi and is working with banks on the deal, two sources told Reuters. The company invests in online and mobile businesses in the Middle East and North Africa, with firms including […] April 7, 2022
