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Saudi banks post mixed 3Q as provisions catch up with Al Rajhi, SNB, and others

Saudi banks leaned on financing spreads in 3Q — funding costs falling faster than asset yields at Al Rajhi and Riyad Bank — but ...
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Arada enters Saudi Arabia, targeting 100k homes over three to five years

Sharjah developer Arada is making its Saudi debut with a USD 3.8 bn residential project in Riyadh, according to a press release. The company plans to develop 100k homes across the Kingdom over the ...
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TODAY: Warships as a buy signal + Maersk’s Suez timeline

Before we sign off, our big story looks at how TotalEnergies’ traders read US warships in the Gulf as a buy signal and made more than USD 1 bn on barrels outside Hormuz. A former Petronas head of ...
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DAE completes a second United sale-and-leaseback, and Egypt and Russia move on their Sokhna industrial zone

Dubai Aerospace Enterprise (DAE) has completed a second 10-aircraft sale-and-leaseback with United Airlines, this time through its Equator and Mustang investment platforms, according to a company ...
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French bond spreads hit their widest gap since the 2011 crisis, reviving the eurozone’s bank-sovereign “doom loop” debate

The gap between French and German borrowing costs has widened to levels not seen since the eurozone’s sovereign debt crisis. That revives a question the bloc thought it had settled: whether one member ...
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Nakilat’s 3Q net income slips 4% as JV earnings fall, while GWC’s jumps 37%

GWC’s international revenue doubled as it rerouted around the regional disruption, while Nakilat kept spending on its fleet ...
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Smart ring market Oura puts roots down in Abu Dhabi

The Future Health Summit is in full swing in Abu Dhabi as it enters its final day, bringing together healthcare players from around the world. One such name is smart ring maker Oura, which is putting ...
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Maersk tells the SCA it hopes to have all its services back on the Suez Canal by March 2027

Good morning, friends. All that glitters isn’t gold on the consumer finance front. The FRA decided bullion and jewelry count as investments, not consumer ...
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Beltone’s new B-Torohat fund aims to ride Egypt’s busiest IPO run in years

Egyptians in the UAE can now send money home straight into an Orange Cash wallet under a new partnership between Orange Egypt and Abu Dhabi-based fintech Botim, Orange said in a statement. Money ...
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Consumer lenders can no longer finance gold, and analysts weigh what that says about how Egyptians save

Analysts say borrowing to buy gold turns a hedge into a leveraged trade, while deposit and inclusion data show trust in banks is holding ...
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THIS MORNING: Investors haggle over DIP’s price tag + an Emirati could enter the race for UN top job

PLUS- Some would-be investors in DIP Holding’s listing are asking Dubai Investments to lower its valuation expectations and sweeten the offering, even after it committed to some AED 2.2 bn in ...
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My Morning Routine: Mayar Naguib, head of Corporate Reputation, CSR, Sustainability, and PR at Etisalat Egypt

Mayar Naguib, head of Corporate Reputation, CSR, Sustainability, and PR at Etisalat Egypt: Each week, My Morning Routine looks at how a successful member of the community starts their day — and then ...