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IPO
THIS MORNING: World Economic Forum kicks off in Davos + President Mohamed bin Zayed Al Nahyan is in India
Plus: DWC and Informa Events’ JV could hit the DFM this year
The GCC IPO party took a breather in 2025
The region recorded 40 IPOs during the year, down from 53 in 2024
Adia going long on China AI?
MiniMax is among the few survivors of China’s generative-AI shakeout and is positioning itself as…
THIS MORNING: CloudKitchens shelves plans for dual KSA, UAE listing + Alterra invests in Copenhagen Infrastructure Partners’ fund
Plus: Warner Bros’ board is not loving Paramount’s Gulf-backed bid
M&A
THIS MORNING: Int’l players assess UAE operations amid strikes + Opec to raise production in April
Plus: The competition is heating up for India’s IDBI
Aramex takes over Irish logistics player
The acquisition bolsters Aramex’s European freight footprint and deepens its cross-border play
Orascom Construction shareholders approve OCI takeover, but the seller can’t sign yet
The company has signaled that the transaction has effectively cleared every hurdle that matters in…
Dutch court slams brakes on OCI-Orascom merger
Two temporary independent directors now oversee the board
Debt
THIS MORNING: JPMorgan trims Gulf growth forecast + Adnoc shelves dim sum issuance amid regional conflict
Plus: Expect a volatile market open tomorrow, pundits say
EGA locks in USD 5 bn refinancing ahead of its potential IPO
The facility will be used to roll over existing debt and open up balance…
Credit demand grew in 4Q as SMEs’ demand hits decade high
Business loan demand strengthened over the quarter, posting a net balance of +24.8 percentage…
GCC debt markets to hit USD 1.25 tn this year
Saudi Arabia and the UAE are on track to be the primary engines
Macro + Economy
Nobody knows how long the war in Iran will last. That has UAE-based businesses in “wait-and-see” mode.
A strong response by UAE defense forces is bolstering the business community’s optimism that this…
War hits the region
The regional security and economic landscape lurched over the weekend as the US and Israel…
Abu Dhabi inflation ticks up to 1.6% in January
The consumer price index declined 0.1% m-o-m
Deep-pocketed customers and buoyant economy make UAE jewelry hub
A diamond sold for USD 8.8 mn at a recent Sotheby’s auction in Abu Dhabi