Fertilizer manufacturers are set to soon face higher gas prices as the government seeks to narrow the gap between the buying and selling prices, driven by the increase in global energy prices amid the ...

Egypt Education Platform (EEP) is the latest education player to join the IPO waiting room, after filing a request yesterday for listing on the EGX. The private ...

The Middle East is the cheapest place in the world if you want to build a data center, according to Turner & Townsend’s 2026 construction cost index, released yesterday. It costs an average of USD ...

The Capital Market Authority wants private funds to show what’s under the hood. The CMA has put a package of draft amendments (pdf) to its investment funds rules out for a 30-day public consultation ...

The Future Investment Initiative (FII), the Kingdom’s flagship investment conference, has been pushed to next year. FII — also referred to as Davos in the Desert — was due to run this month, with ...

Emirates NBD is the latest Gulf name turning to Asian lenders for cash. The bank is seeking a loan of at least USD 500 mn from Asian banks, with an option to upsize it to USD 1 bn, Bloomberg reports, ...

Dubai-based Magellan Capital launched a new open-ended credit fund targeting SME and individual borrower financing across the GCC and Europe, with USD 50 mn in seed capital and an AUM target north of ...

Islam Azzam (LinkedIn) has been appointed as acting chair of the Financial Regulatory Authority (FRA) under a presidential decree, the authority announced yesterday. Mohamed Farid previously held the ...

EBRD backs Scatec’s new Egypt renewables platform: The European Bank for Reconstruction and Development (EBRD) has committed up to USD 221 mn to a new platform that will hold stakes in Norwegian ...

This year’s El Gouna Film Festival wraps up tonight, but behind its red carpet sits an industry where a hit film at home can still lose money. A mid-budget Egyptian feature now costs an average of EGP ...

Du reported a 9.8% y-o-y increase in 2Q 2026 net income to AED 797.8 mn, while revenue rose 4.6% to AED 4.1 bn, according to its financials (pdf). Stronger service revenue and cost discipline helped ...

Yamna is building on an existing footprint. The Salalah project — Salalah Al Khadra Digital — is pitched as a power-and-compute campus bolted onto Yamna’s existing Salalah Al Khadra Hydrogen ...