Proceeds from initial public offerings (IPOs) in the Middle East and North Africa (MENA) region have surged, more than doubling to $2.4 billion in the first quarter of 2025. This increase represents a 106% rise year-on-year, driven by significant activity in Saudi Arabia, as reported by EY. During this period, the number of IPO listings...
The MENA IPO market has made a strong start in 2025, with 14 initial public offerings (IPOs) raising a total of $2.4 billion in the first quarter. This marks an increase from 10 IPOs during the same period in 2024, with proceeds surging by 106 percent compared to the previous year. According to EY’s latest...
The Dubai WoodShow 2025, currently taking place at the Dubai World Trade Centre and running until April 16, has attracted a significant number of visitors eager to explore advanced products and solutions in the woodworking industry. The event features exhibitors from both international and local companies, showcasing a strong emphasis on innovation, sustainability, and regional...
On Sunday, Saudi Arabia, the world’s leading oil exporter, significantly lowered its May crude oil prices for Asian buyers. This move is seen as a strategic decision ahead of an anticipated output increase by OPEC+, the coalition of oil-producing nations that includes Saudi Arabia and its allies. The reduction in prices is expected to have...
Banks are poised to report substantial trading revenues in the first quarter of 2025, driven by a volatile market that has sparked increased investor activity. According to BCG Expand, a research and data provider owned by Boston Consulting Group, the total revenue pool for global markets is expected to expand at an annual rate of...
Tesla has announced its upcoming launch in Saudi Arabia, scheduled for April 10. The event will take place in Riyadh, as stated on the company’s official website. This launch is significant as it occurs amid a decline in Tesla’s electric vehicle (EV) sales in both Europe and China. In recent months, Tesla’s sales in Europe...
Oil prices remain largely unchanged today, Friday, but are on track to record their largest weekly decline since October. This downturn is attributed to uncertainty surrounding U.S. tariff policies, which have raised concerns about global demand just as major producers prepare to increase output. As of 02:17 GMT, Brent crude futures rose by 13 cents,...
Dubai’s real estate market has achieved a significant milestone, recording sales worth AED 100 billion from the start of 2025 until March 4, according to W Capital, a Dubai-based real estate brokerage. This achievement marks the fastest time frame to reach such a sales figure, occurring within just 44 working days. W Capital’s analysis, based...
Recent data from Fujairah indicates an increase in distillate volumes, while stocks of residual fuels have decreased. This trend highlights important shifts in the storage dynamics within the UAE’s oil sector. The Fujairah Oil Industry Zone, a key player in the Middle East’s oil storage sector, has released new inventory figures for the week ending...
Dubai’s real estate sector has begun 2025 with significant momentum, achieving a remarkable Dh35 billion in sales across 13,019 transactions in January. This figure represents a 5.0 percent month-over-month increase from December 2024, highlighting the continued resilience of the emirate’s property market and the confidence of investors in its offerings. The surge in sales indicates...