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MENA - ENGLISH
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Home page>MENA
REAL ESTATE


DUBAI RECORDS OVER $2BLN IN WEEKLONG REAL ESTATE TRANSACTIONS



PHILANTHROPY


UAE PROVIDES HOUSEHOLD GENERATORS TO UKRAINE IN RESPONSE TO DIFFICULT WINTER
CONDITIONS AND POWER OUTAGES



RENEWABLE ENERGY


SUPPORTING THE ENERGY TRANSITION: DECARBONISING MENA’S GAS TURBINE FLEET



TRANSPORT


FROM DRIVERLESS TAXIS TO NEW TAX IN UAE: 23 THINGS COMING UP IN 2023


LNG


OMAN INKS DEAL FOR TWO NEW LNG CARRIERS WORTH OVER $500MLN


LEISURE


REGION’S LARGEST SNOW PARK OPENS IN OMAN ON SATURDAY


WORLD CUP


FIFA WORLD CUP: OMANI LAWYER OFFERS MESSI $1MLN FOR BISHT GIFTED TO HIM BY EMIR
OF QATAR






ZAWYA COVERAGE

TRADE


INDIA-GCC BILATERAL TRADE SURGES 41% TO $112BLN


REAL ESTATE


DEMAND FOR DUBAI STAFF ACCOMMODATIONS UP AS INVESTMENTS, WORKFORCE EXPAND


FINANCIAL SERVICES


FIRST ABU DHABI BANK TEAMS UP WITH PORTS, CUSTOMS, FREEZONES FOR CASHLESS
PAYMENTS



ECONOMY


IMF SEES KUWAIT'S GDP GROWTH AT ABOVE 8% FOR 2022


EQUITIES


SINGAPORE'S OLAM GROUP COMPLETES $1.24BLN SALE OF STAKE IN OLAM AGRI TO SAUDI
SALIC



CONSTRUCTION


UGANDA’S CONTRACTORS SEEK ACCESS TO CHEAPER BANK LOANS


TELECOM


NIGERIA MAKES $547MLN FROM 5G AUCTION



INVESTMENT


ABU DHABI'S ADQ LEADS $25MLN FUNDING ROUND FOR UAE'S BAYZAT


ECONOMY


25,000 EMIRATI WOMEN RUN BUSINESSES WORTH $16.3BLN IN UAE





WORLD TODAY

CRIME


PARIS SHOOTER WHO KILLED THREE ADMITS BEING 'RACIST'



MILITARY


FIVE KILLED, 20 WOUNDED BY RUSSIAN STRIKE ON KHERSON - PRESIDENTIAL OFFICE



POLITICS


MYANMAR'S SUU KYI TO HEAR FINAL VERDICTS IN JUNTA TRIAL



TRANSPORT


TANKER EXPLOSION KILLS 8 IN JOHANNESBURG

TRAVEL


HONG KONG AIMS FOR MID-JANUARY REOPENING OF BORDER WITH MAINLAND CHINA

ENVIRONMENT


BLAZE KILLS 22 IN RUSSIAN HOME FOR ELDERLY

INTEREST RATE


ECB MUST BE READY TO TAKE THE HEAT AND RAISE RATES MORE, SAYS SCHNABEL

DEFENSE


CHINA ANGERED, TAIWAN CHEERED BY NEW U.S. DEFENCE ACT

CRIME


JAPAN PROSECUTORS TO INDICT SUSPECTED ABE ASSASSIN

CRIME


'THE SERPENT' SERIAL KILLER CHARLES SOBHRAJ ARRIVES IN FRANCE

LEGAL


MOVIE FANS CAN SUE OVER MISLEADING TRAILER, SAYS US JUDGE

CORONAVIRUS


CHINESE CITY SEEING HALF A MILLION COVID CASES A DAY: OFFICIAL




AFRICA TODAY

VIOLENCE


CLASHES IN SUDAN'S DARFUR KILL SEVEN: STATE MEDIA


INFLATION


ZIMBABWE TO HAVE DARK CHRISTMAS AMID POWER CUTS, HIGH PRICES



DEBT


NIGERIA TO RESTRUCTURE CENTRAL BANK'S $53BLN LOAN TO LONG-TERM DEBT


CONFLICT


ETHIOPIA'S WARRING PARTIES AGREE TO CEASEFIRE MONITOR



INFLATION


ZIMBABWE'S NIGHT MARKETS CUSHION CRISIS-WEARY CITIZENS FROM INFLATION


FUNDS


KENYA AIRWAYS, KENYA POWER TO GET $300MLN STATE BAILOUT FOR RESTRUCTURING



VACCINE


MORE EBOLA TRIAL VACCINES ARRIVE IN UGANDA


DEBT


ZAMBIA SAYS DEBT RESTRUCTURING PROPOSALS 'YET TO BE DISCUSSED' WITH BILATERAL
CREDITORS



ECONOMY


KENYA TO RAISE $900MLN FROM LENDERS, HAS SECURED THIRD OF AMOUNT


RENEWABLE ENERGY


ZIMBABWE LAUNCHES $30MLN RENEWABLE ENERGY FUND



FINANCIAL SERVICES


NIGERIA RAISES CASH WITHDRAWAL LIMITS AFTER PUBLIC OUTCRY


ECONOMY


KENYA PLANS TO RAISE $900MLN TO BOOST FOREX RESERVES, SUPPORT BUDGET





OPINION


SIX RULES TO BUILD HEALTHY CENTRALISED EXCHANGES


Changpeng ZhaoCEO, Binance

There are six principles that a centralised exchange should adopt to ensure
trust with users, regulators, and the wider community in an industry that is
still in its infancy and has enormous potential for long-term growth


CRYPTO CRISIS: IT IS TIME FOR ALL MARKET PARTICIPANTS TO RESTORE TRUST AND
CONFIDENCE


Benjamin AmpenIndustry Expert

Crypto is a mission-driven industry and shouldn’t be open to those who aren’t
here for the mission or who don’t care about the security of their clients


IN AN ERA OF MOUNTING HEALTH RISKS, INSURERS MUST EVOLVE, REACT, AND ADAPT


Mufazzal KajijiChief Executive Officer, Zurich International Life

A key aspect that insurers need to highlight is the importance of starting young
to ensure that customers aren't paying higher premium rates


HOW HAS FINTECH SURVIVED THE ECONOMIC PRESSURES PROMPTED BY THE PANDEMIC?


Nicholas WrightSales Director – MENA Region, Saxo Bank

Due to the amount of liquidity and low cost of raising capital caused by the
pandemic, start-up fintech benefitted the most. They effortlessly received great
valuations simply based on the ability to acquire customers rather than on
profitability



EXPAT NEWS


INDIAN SUB-CONTINENT

ECONOMY


INDIA REPLACES COVID-ERA FREE FOOD PROGRAMME WITH CHEAPER SCHEME



CRIME


FORMER ICICI BANK CEO CHANDA KOCHHAR ARRESTED IN LOAN FRAUD CASE -SOURCE

ECONOMY


INDIA SEES GLOBAL ECONOMIC DEVELOPMENTS COMPLICATING ITS OUTLOOK

MONETARY POLICY


INDIA SHOULD HIKE RATES CAREFULLY, PREPARE FOR HEADWINDS, IMF SAYS





UK, EUROPE & AMERICAS

WEATHER


U.S. DEEP FREEZE FORECAST TO BREAK CHRISTMAS EVE RECORDS



AVIATION


AIRLINES CANCEL 5,700 U.S. FLIGHTS AMID FIERCE WINTER STORMS

ELECTION


TRUMP SHOULD NEVER HOLD OFFICE AGAIN: US INSURRECTION REPORT

MONETARY POLICY


DESPITE PROGRESS, FED REMAINS FOCUSED ON INFLATION FIGHT AS 2023 ROLLS IN





CHINA AND ASIA-PACIFIC

WEATHER


JAPAN'S RECENT HEAVY SNOW HAS CAUSED 13 DEATHS, MANY INJURIES



FUNDS


PHILIPPINES INKS $3BLN LOAN AGREEMENT WITH SOUTH KOREA FOR INFRASTRUCTURE
PROJECTS

ECONOMY


CHINA'S FOREIGN CONTRACTED PROJECTS TOTAL VALUE UP IN JAN-NOV

LEGAL


INDONESIAN FAMILIES SUE OVER DEADLY STADIUM DISASTER





LATEST VIDEOS

SME


PODCAST: WHAT DOES 2023 HOLD FOR EGYPT'S VENTURE CAPITAL MARKET?



ECONOMY


PODCAST: WORLD BANK'S IFC SAYS BLENDED FINANCE IS KEY TO FUNDING IN POORER
MIDDLE EAST COUNTRIES



ECONOMY


VIDEO: HOW IS THE NON-OIL SECTOR PERFORMING ACROSS THE MIDDLE EAST?



ECONOMY


VIDEO: UAE’S FOREIGN TRADE SET TO HIT $599.4BLN IN 2022



FINANCIAL SERVICES


VIDEO: HOW TOP SAUDI ARABIAN BANKS PERFORMED IN Q3 2022



REAL ESTATE


VIDEO: DUBAI TYCOON HUSSAIN SAJWANI’S SON BETS ON $20MLN VILLAS, PENTHOUSES





MARKETS

GLOBAL MARKETS


GLOBAL STOCKS MIXED AS OIL PRICES JUMP ON RUSSIAN THREAT


EQUITIES


BILLIONAIRE ADANI TO CONTROL NEARLY 65% OF NDTV AS FOUNDERS SELL STAKE


METALS


COPPER EDGES HIGHER ON HOPES FOR BETTER DEMAND NEXT YEAR


EQUITIES


MIDEAST STOCKS: UAE MARKETS SUBDUED ON FEARS OF ECONOMIC DOWNTURN



GOLD


JAPAN BUYERS CAPITALISE ON DIP IN LOCAL PRICES, CHINA SUBDUED BY COVID

EQUITIES


EQUITY FUNDS SEE RECORD WEEKLY OUTFLOWS

CURRENCIES


STERLING EDGES UP AGAINST EURO AND DOLLAR, SET FOR THIRD STRAIGHT WEEKLY DROP




BUSINESS

FINTECH


FAB, MAGNATI, AND PAYROW NET PARTNER TO CREATE PAYMENT SOLUTION FOR DUBAI’S
PORTS SECTOR


ACQUISITION


EGYPT-BASED HEALTHTECH PLATFORM CHECKME BUYS DOCTORONLINE


TELECOM


OMAN BROADBAND SIGNS AGREEMENTS AND MOUS



RETAIL


DUBAI: NEW HATTA WATERFALL PROJECT TO OFFER FREE-OF-COST RETAIL SHOPS TO
CITIZENS


MARITIME


FUJAIRAH ATTRACTS INVESTMENT IN MARITIME SECTOR


TOURISM


UNVEILED: NEW WATERFRONT DESTINATIONS IN AL DHAFRA, MUGHEIRAH BAY, MAMSHA AL
MUGHEIRAH


POWER


DUBAI LEADS MENA REGION ON GLOBAL POWER CITY INDEX 2022





ECONOMY

ECONOMY


TUNISIA EYES 1.8% GROWTH UNDER 2023 BUDGET REPORT


TECHNOLOGY


EGYPT: RECESSION HITS MOBILE MARKET DUE TO HIGH PRICES, SUPPLY SHORTAGE



TRADE


AJMAN CHAMBER DISCUSSES ENHANCING TRADE AND ECONOMIC COOPERATION WITH PAKISTAN


POLITICS


MACRON URGES LEBANON TO 'GET RID' OF LEADERS BLOCKING REFORMS



FUNDS


WORLD BANK APPROVES $500MLN TO EXPAND SOCIAL SECURITY IN EGYPT - MINISTRY


TRADE


OMAN, SAUDI ARABIA TO BOOST ECONOMIC TIES



POLITICS


ROYAL DECREE APPROVES RESHUFFLE OF PM KHASAWNEH’S CABINET IN JORDAN


MARITIME


MADBOULY DIRECTS GOVERNMENT TO REDUCE TIME REQUIRED FOR GOODS RELEASE AT PORTS:
EGYPT



ECONOMY


CENTRAL BANK OF EGYPT RAISES KEY INTEREST RATES BY 300BPS


RENEWABLE ENERGY


UAE'S 'BEYOND2020' DELIVERS SOLAR-POWERED WATER SOURCES TO 20,000 RURAL SUDANESE



TRADE


UAE, CANADA DISCUSS COOPERATION IN TRANSPORT SECTOR


ECONOMY


DIGITAL ECONOMY IN GCC REGION ADVANCING RAPIDLY: OMANI MINISTER





SPECIAL COVERAGE


COVID-19

CORONAVIRUS


INDIA ANNOUNCES MANDATORY PCR TESTS, REINTRODUCES AIR SUVIDHA FORMS FOR ARRIVALS
FROM 5 COUNTRIES



CORONAVIRUS


COVID-19: ALL YOU NEED TO KNOW ABOUT THE WORLD'S FIRST APPROVED INTRA-NASAL
VACCINE


CORONAVIRUS


SHANGHAI ASKS RESIDENTS TO STAY IN ON CHRISTMAS AS CHINA COVID SURGES





RUSSIA-UKRAINE CRISIS

MILITARY


UKRAINE OFFICIAL URGES 'LIQUIDATION' OF IRANIAN WEAPONS FACTORIES



MILITARY


RUSSIA BEGINS DEMOLITION OF BOMBED MARIUPOL THEATRE


FUNDS


U.S. HOUSE OK'S $45BLN AID TO KYIV





UAE REALTY MARKET

REAL ESTATE


SHUROOQ OPENS LATEST BEACHFRONT DESTINATION IN SHARJAH AL HEERA BEACH



REAL ESTATE


DUBAI INVESTMENTS BREAKS GROUND ON $272MLN RAK BEACH COMMUNITY PROJECT


REAL ESTATE


LUXE DEVELOPERS TO LAUNCH ULTRA-LUXURY PROJECT IN RAK





POLITICS OF OIL

OIL


RUSSIA SAYS IT MAY CUT OIL OUTPUT UP TO 7% OVER PRICE CAP






THE FUTURE OF CRYPTOS

CRIME


BANKMAN-FRIED, FTX EXECS RECEIVED BILLIONS IN HIDDEN LOANS, EX-ALAMEDA CEO SAYS






THE WORLD OF ISLAMIC FINANCE

FOOD


ORGANISATION OF ISLAMIC COOPERATION SELECTS NIGERIA AS FOOD STORAGE HUB






MULTIMEDIA


WORLD CUP 2022: ARGENTINA'S WINNING SQUAD ARRIVE HOME TO A JUBILANT BUENOS AIRES




MESSI CELEBRATES WORLD CUP WIN




ZELENSKIY GOES TO WASHINGTON




CELEBRATING CHRISTMAS IN DUBAI




ASYLUM-SEEKERS CROSS RIO BRAVO INTO U.S.




WORLD CUP 2022: ARGENTINA'S WINNING SQUAD ARRIVE HOME TO A JUBILANT BUENOS AIRES




MESSI CELEBRATES WORLD CUP WIN




ZELENSKIY GOES TO WASHINGTON




CELEBRATING CHRISTMAS IN DUBAI






PROJECTS

SUSTAINABILITY


MENA’S LOW-CARBON ENERGY PROJECTS PIPELINE UP TO 2030 STANDS AT $257BLN -
APRICORP



LOGISTICS


SAUDI’S MAWANI SIGNS $27MLN AGREEMENT TO BUILD INTEGRATED LOGISTICS PARK

RENEWABLE ENERGY


EGYPT’S RENEWABLE POWER DEALS PUT AT $118BLN 

HYDROGEN


AFRICA’S GREEN HYDROGEN POTENTIAL CAN GENERATE €1 TRILLION IN INVESTMENTS –
STUDY





WEALTH

SUSTAINABILITY


UAE PRIVATE SECTOR URGED TO ALIGN WITH COP28 OBJECTIVES



FUNDS


INDIA TO BOLSTER CARBON TRADING MARKET WITH STABILISATION FUND

INVESTMENT


RUSSIAN GOLD REMOVED FROM SOME WESTERN FUNDS AFTER UKRAINE

FUNDS


GENERAL ATLANTIC RAISES $3.5BLN TO INVEST IN CLIMATE CHANGE FIGHT





ISLAMIC ECONOMY

ISLAMIC FINANCE


EMIRATES REIT CLOSES $380MLN SUKUK ISSUANCE AT 9.5% PROFIT RATE



ISLAMIC FINANCE


DUR HOSPITALITY OBTAINS SHARIA-ALIGNED FACILITY FROM ALINMA BANK

ISLAMIC FINANCE


STANDARD CHARTERED LAUNCHES ISLAMIC SUSTAINABLE ACCOUNT IN UAE

ISLAMIC FINANCE


GULF ISLAMIC INVESTMENTS LAUNCHES $100MLN DEBT FUND





LEGAL

LEGAL


UP TO $272,260.71 FINE IN ABU DHABI: WHAT ARE THE SIGNS OF OVERCROWDED
RESIDENTIAL UNITS?



LEGAL


NEW UAE DOMESTIC WORKERS LAW: UP TO $1,361.30 FINE FOR OVERPRICED MAID SERVICES,
FAILURE TO GIVE REFUND

LEGAL


UAE PUBLIC PROSECUTION ARRESTS COMPANY DIRECTOR WHO FAKED EMPLOYMENT OF OVER 40
EMIRATIS

LEGAL


UP TO $272,301.50 FINE IN ABU DHABI: 18 ILLEGAL HOUSING VIOLATIONS THAT CAN GET
RESIDENTS, LANDLORDS PENALTIES





SMES

FUNDS


8X VENTURES POWERS DEEP-TECH GROWTH IN UAE



SME


JEDCO SIGNS AGREEMENT TO SUPPORT SMES: JORDAN

SME


SHARAKAH OUTLINES FUTURE VISION FOR OMAN SMES

FUNDS


50 MOST-FUNDED MENA STARTUPS RAISE $3.2BLN IN 2022





OIL & GAS

OIL AND GAS


JAPAN'S COSMO EXTENDS OIL PRODUCTION DEAL WITH QATAR ENERGY



ENERGY


'THE ECONOMIST' HIGHLIGHTS UAE'S ENERGY TRANSITION EFFORTS

OIL AND GAS


RUSSIAN OIL EXPORTS FALL BY 11% FOR DEC 1-20 -KOMMERSANT

OIL AND GAS


U.S., CANADA NATGAS OUTPUT COULD HIT GROWING PAINS IN 2023





LIFE

MEDIA


BRITISH TABLOID THE SUN 'REGRETS' PUBLISHING MEGHAN 'HATE' ARTICLE


CHRISTMAS


ABU DHABI CHURCH TO LAY FOUNDATION STONE FOR NEW BUILDING ON CHRISTMAS


LEISURE


DUBAIDESTINATIONS INSPIRES RESIDENTS AND VISITORS TO EXPERIENCE OUTDOORS THIS
WINTER WITH ITS NEW PICNIC AND CAMPING GUIDE


ENTERTAINMENT


TAKE TRIP DOWN MEMORY LANE WITH DSF’S NEWEST EVENT 'DUBAI 80S'





SPORTS

CRICKET


SHAHID AFRIDI TO HEAD NEW PAKISTAN SELECTION COMMITTEE


CRICKET


PAKISTAN AND NEW ZEALAND SEEK REVIVAL AFTER ENGLAND BATTERING


CRICKET


WARNER FIRES SHOT AT CRICKET AUSTRALIA OVER LEADERSHIP APPEAL


FOOTBALL


ENGLAND'S PHILLIPS RETURNED FROM WORLD CUP OVERWEIGHT, SAYS GUARDIOLA





SPONSORED CONTENT

INVESTMENT


A MULTI-SECTOR APPROACH TO SEMILIQUID PRIVATE CREDIT


ECONOMY


PIMCO CYCLICAL OUTLOOK: PREVAILING UNDER PRESSURE


FINTECH


IFX EXPO DUBAI 2023 MEDIA PARTNERSHIP





PRESS RELEASE


COMPANIES

KUWAIT


KIPCO ASSIGNED A RATING OF BB WITH STABLE OUTLOOK FROM FITCH






GOVERNMENT

TRADE


AJMAN CHAMBER DISCUSSES WAYS TO ENHANCE TRADE AND ECONOMIC COOPERATION WITH
PAKISTAN






EVENTS

TECHNOLOGY


DUBAI HOSTS A REGIONAL CONVENING ON ARTIFICIAL INTELLIGENCE AND HEALTHCARE IN
PARTNERSHIP WITH UAE ARTIFICIAL INTELLIGENCE OFFICE






PEOPLE IN THE NEWS

UAE


THE ROLE OF FEMALE ENTREPRENEURS AND INVESTORS IN DRIVING ECONOMIC VALUE



LIFE


INDIAN EXPAT CONVERTS AED 15 TO AED 15MLN IN THE FIRST ATTEMPT



UAE


25,000 EMIRATI WOMEN ENTREPRENEURS OWN 50,000 TRADE LICENCES VALUED AT AED 60BLN
IN 2021



MOST READ
1.


ABU DHABI'S ADQ LEADS $25MLN FUNDING ROUND FOR UAE'S BAYZAT


2.


SINGAPORE'S OLAM GROUP COMPLETES $1.24BLN SALE OF STAKE IN OLAM AGRI TO SAUDI
SALIC


3.


IMF SEES KUWAIT'S GDP GROWTH AT ABOVE 8% FOR 2022


4.


FIRST ABU DHABI BANK TEAMS UP WITH PORTS, CUSTOMS, FREEZONES FOR CASHLESS
PAYMENTS


5.


6 UAE FIRMS FINED $871,000 FOR ANTI-MONEY LAUNDERING LAW VIOLATIONS





PICK OF THE DAY

CRYPTOCURRENCY


CRYPTO WORLD’S TROUBLES DON’T YET POINT TO SUSTAINABLE RECOVERY: JULIUS BAER






MORNING BRIEFING

MORNING BRIEFING


FRIDAY OUTLOOK: ASIAN SHARES SLIDE AS FEARS OVER HAWKISH FED MOUNT



SIGN UP

SIGN UP


INSIGHTS
1


THE RISE OF FAMILY BUSINESS AND SOCIAL ENTERPRISE IS A FORCE FOR GOOD IN THE GCC


2


A CHINA OPTIMIST’S LAMENT


3


TWO YEARS AFTER EU EXIT, UK BUSINESS FEELS BREXIT BLUES


4


ZELENKSY, BIDEN SHOW UNITY, BUT WAR FATIGUE A THREAT


5


FROM COUCH-POTATO TO TREE-HUGGERS: 35 KENNINGS YOU NEED TO KNOW




THE BRI REPORT

CONSTRUCTION


CHINA IS RESHAPING THE BELT AND ROAD INITIATIVE AHEAD OF A POST-PANDEMIC ERA





ZAWYA COVERAGE

TRADE


INDIA-GCC BILATERAL TRADE SURGES 41% TO $112BLN



REAL ESTATE


DEMAND FOR DUBAI STAFF ACCOMMODATIONS UP AS INVESTMENTS, WORKFORCE EXPAND

FINANCIAL SERVICES


FIRST ABU DHABI BANK TEAMS UP WITH PORTS, CUSTOMS, FREEZONES FOR CASHLESS
PAYMENTS

ECONOMY


IMF SEES KUWAIT'S GDP GROWTH AT ABOVE 8% FOR 2022




LATEST VIDEO

SME


PODCAST: WHAT DOES 2023 HOLD FOR EGYPT'S VENTURE CAPITAL MARKET?



LATEST NEWS
1


U.S. DEEP FREEZE FORECAST TO BREAK CHRISTMAS EVE RECORDS


2


JAPAN'S RECENT HEAVY SNOW HAS CAUSED 13 DEATHS, MANY INJURIES


3


FIVE KILLED, 20 WOUNDED BY RUSSIAN STRIKE ON KHERSON - PRESIDENTIAL OFFICE


4


TANKER EXPLOSION KILLS 8 IN JOHANNESBURG


5


HONG KONG AIMS FOR MID-JANUARY REOPENING OF BORDER WITH MAINLAND CHINA




SPONSORED CONTENT

FINANCIAL SERVICES


FIRST ABU DHABI BANK - THE BRAND NEW FAB APP IS LIVE



INVESTMENT


PIMCO ASSET ALLOCATION OUTLOOK: RISK-OFF, YIELD-ON



INVESTMENT


AMID UNCERTAINTY, VALUE RETURNS TO BONDS




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Email us at editorial.zawya@lseg.com, or send us your company press releases to
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