InFocus
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Middle East
China In-Focus — Crude imports near 4-year low; Copper imports rise; Snickers maker apologizes for Taiwan advert
RIYADH: China’s crude oil imports in July fell 9.5 percent from a year earlier, with daily volumes at the second…
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Middle East
UAE In-Focus — DFM to include Tecom in its general index; Khalifa Fund offers $30m to support Kenyan SMEs
Crypto Moves – Bitcoin and Ethereum fall; Voyager Digital gets approval to return customers $270m RIYADH: Bitcoin, the leading cryptocurrency…
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Middle East
Egypt In-Focus — PMI slightly rises to 46.4 in July; Suez Canal Authority eyes listing 3 firms
CAIRO: Overall tourism spending in Saudi Arabia, including residents and foreigners, rose 52 percent in 2021 to SR95.6 billion ($25.5 billion)…
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Middle East
India In-Focus — Trade with Russia and Sri Lanka expected to hit $9bn; Bajaj Finance to issue 3-year bonds
Macro snapshot — Bank of England raises rates by most since 1995; Irish unemployment falls to 21-year low CAIRO: The…
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Middle East
UAE In–Focus — Dubai’s economy drives Tecom Group’s Q2 profits up 54%; mansion sold for $15m
Thu, 2022-08-04 13:27 DUBAI: TECOM Group recorded a 54 percent increase in its net profit in the second quarter due…
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Middle East
China In-Focus — Stocks down; Service activity quickens in July; Taiwan asks to avoid Chinese drill areas
HOUSTON: Oil prices slid 4 percent on Wednesday, with losses accelerating after US data showed crude and gasoline stockpiles unexpectedly…
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Middle East
UAE In-Focus – Etihad Rail to boost real estate sector; Chinese tourists influx likely by 2023
Wed, 2022-08-03 13:56 DUBAI: Etihad Rail, the UAE’s national rail network, will not only further improve the transportation sector but also…
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Middle East
Egypt In-Focus — Cairo needs less than $15bn from IMF; Homzmart raises $23m in pre-series B round
DENVER: Top US shale oil producers say they remain laser focused on shareholder returns, limiting production expenditures largely to offset…
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Middle East
UAE In-Focus — First recruiting agency enters Dubai metaverse; Chinese company signs Dubai hybrid solar contract
DUBAI: Marc Ellis, a recruiting and training agency that supports technology and digital transformation hiring in the UAE, is the…
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Middle East
China In-Focus — Factory activity contracts in July; British businesses turning away from China
RIYADH: Almutlaq Real Estate Investment Co., the real estate subsidiary of the Al Mutlaq Group, has strong confidence in The Red…
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