Opinion Oil & Gas Energy and Opec are at the centre of the US election campaign The Democrats just cannot shake the image of being opposed to oil and gas October 9, 2024
Renewable Energy Masdar completes purchase of stake in green energy producer UAE renewable energy major Masdar has completed its acquisition of a 50 percent stake Terra-Gen Power Holdings II, one of the largest independent renewable energy power producers in the US. Masdar bought the stake from US investment company Energy Capital Partners. No financial details on the deal, which was first announced in March, were shared. […] October 1, 2024
Opinion Finance Republicans in the UAE rally to the Trump cause A panel at the Capital Club, Dubai, gave their views on the changing landscape ahead of polling day September 20, 2024
Banking & Finance Ultra-wealthy pinpoint Gulf to set up family offices US private equity investor Leon Black, who has a net worth of around $14 billion, last week confirmed he was opening a branch of his family office in Abu Dhabi. The co-founder of New York investment giant Apollo Global Management joins the likes of Egyptian tycoon Nassef Sawiris, Binance co-founder Changpeng “CZ” Zhao, India’s Adani […] September 11, 2024
Opinion Education Dubai could learn from California on smartphones in schools Plenty of studies show their detrimental effects but the simple fact is we're increasingly reliant on our mobiles August 30, 2024
Construction Orascom Construction’s US revenue softens Mena decline Egypt’s Orascom Construction has reported a decline in its second-quarter revenues after a 25 percent drop in Mena revenue was softened by growth in its US business. Volatility in the value of the Egyptian currency also drove a decline in net profit for the Cairo-based company, from $92.8 million in the same period last year […] August 28, 2024
Opinion Transport With or without the human touch, DXB is a global leader 'Contactless' is the way to go and Dubai International knows how it's done August 23, 2024
Opinion Economy The dollar is still king, but the alternatives are slowly gathering pace There is evidence of the creeping acceptance of alternatives to the US greenback August 16, 2024
Business of Sport Saudi Arabia adds soccer in North America to sports portfolio Saudi Arabia has added the Confederation of North, Central America and Caribbean Association Football (Concacaf) to its squad of sporting investments. The kingdom’s sovereign wealth fund has partnered with the regional governing body for soccer “to support the growth of the sport at all levels”. The Public Investment Fund will sponsor football development initiatives, with […] August 16, 2024
Analysis Mining Rare earth elements: a complex issue that’s vital to net zero Used in everything from car batteries and fridges to iPhones and elevators, rare earth elements are an ever-present – but rarely noticed – part of daily lives. They are also now central to the global energy transition, and their importance to Gulf states was highlighted this week by a $180 million investment by Qatar. The […] August 12, 2024
Opinion Markets Stock market crashes: waiting for the Big One Big pressures are building after bad trading on global bourses August 9, 2024
Opinion Markets Global markets and the nervous wait for the Fed cavalry Seldom have there been so many negative factors in play August 5, 2024
Opinion Economy Trump 2.0 would trigger shockwaves in GCC and global markets Regional investors should factor in the potential impact of Trumponomics across every major asset class July 30, 2024
Retail Saudi brands cash in on Gaza boycott as food market grows Saudi Arabian food and beverage brands are hoping to benefit from regional consumers shunning Western brands over the conflict in Gaza, with some franchise owners beginning to feel the impact of an informal boycott. Some outlets in the Gulf have stopped stocking Western soft drinks and are replacing them with Saudi versions that have shot […] June 26, 2024
Oil & Gas Iran, Iraq and Libya among worst offenders on gas flaring Environmentally ruinous flaring of gas at upstream oil and gas facilities has risen to its highest level for five years, despite pledges to end the practice, the World Bank has said. Iran, Iraq and Libya were among the biggest contributors in 2023, according to a World Bank report published on June 20. Along with six […] June 25, 2024
Artificial Intelligence Qatar’s Ooredoo signs AI deal with chipmaker Nvidia US chipmaker Nvidia has signed a deal with Qatari telecommunications provider Ooredoo Group to bring its artificial intelligence technology to five countries in the Middle East, the companies announced on Sunday. Ooredoo will be the first company in the region to offer direct access to Nvidia’s AI and computer chips to its customers in Qatar, […] June 24, 2024
Opinion People & Lifestyle Dollar peg, climate scam and rain in June? ‘Silly season’ is upon us Welcome to the time of year when news outlets serve up their wackiest stories June 21, 2024
Infrastructure US firm wins $46m contract to boost Iraq infrastructure US engineering giant KBR has won a five-year $46 million contract to support Iraq’s infrastructure development and future energy projects, including mega-projects. The company is expanding its presence in Iraq, establishing a new office in Baghdad and said it is also considering the creation of a design centre to enhance local engineering skills. Under the […] June 21, 2024
Oil & Gas Upturn for manufacturing tipped to lift oil prices Rising manufacturing activity worldwide is likely to support higher oil prices in the second half of the year, a supply chain indicator suggests. However, analysts have warned that spare capacity among Opec+ and other oil producers is likely to ease upside pressure on crude prices. The GEP Global Supply Chain Volatility Index hit 0.21 in […] June 21, 2024
Education Brookfield to invest in Dubai’s Gems Education A consortium led by Canada’s Brookfield Asset Management is to invest in Gems Education, the UAE’s private school operator. Other members of the group include Gulf Islamic Investments, Marathon Asset Management and the State Oil Fund of the Republic of Azerbaijan. Financial details were not disclosed but the investment is expected to be almost $2 […] June 18, 2024
Aviation US fines Emirates for operating in prohibited airspace Emirates has been fined $1.5 million by the US Transportation Department for operating flights carrying JetBlue Airways’ JBLU.O designator code in prohibited airspace. The transportation department said that between December 2021 and August 2022, Emirates operated a significant number of flights carrying the JetBlue Airways code between the United Arab Emirates and the United States […] June 14, 2024
Tech US firm to invest $50m in Mena climate tech A US venture capital firm backed by Hollywood actor Leonardo DiCaprio plans to invest $50 million in Mena climate tech startups over the next five years. Princeville Capital is targeting mature startups with strong growth potential, facilitating quick exits and a clear path to profitability, its co-founder Joaquin Rodriguez Torres told AGBI. The firm has […] June 14, 2024
