Articles
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6 days ago |
zawya.com | Bindu Rai
GCC markets will enter the summer period buoyed by the debut of the Dubai Residential REIT on the Dubai Financial Market (DFM) last week, a $584 million IPO that closed at 14% on its day one trade. Meanwhile, Saudi Arabia’s upcoming Flynas and Specialized Medical Company (SMC) IPOs are expected to inject fresh energy into a market weighed down by the listing of United Carton Industries Co. (UCIC), which closed 1.5% lower last week than on its debut trade.
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1 week ago |
zawya.com | Bindu Rai
Shares of Saudi Arabia’s United Carton Industries Company (UCIC) closed flat on Tuesday’s trading debut, with tariff threats, along with profit booking and overstretched valuations turning away investors, according to analysts. Despite being nine times oversubscribed and raising proceeds to the tune of 600 million Saudi Arabian riyals ($160 million), the stock closed lower by 1.5% at 49.25 riyals per share, as against its offer price of 50 riyals.
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1 week ago |
zawya.com | Bindu Rai
In the aftermath of the global turmoil unleashed by the Trump tariffs last month, GCC ECM transactions will retain their momentum but with a possible shrinkage in size, according to Samer Deghaili, HSBC’s Co-Head of Capital Markets & Advisory, MENAT. “I am positive we will see more ECM issuance this year in terms of numbers [compared to 2024],” Deghaili told Zawya.
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2 weeks ago |
zawya.com | Bindu Rai
The Qatar Investment Authority (QIA) aims to at least double its annual investments in the US over the next decade, compared to the past five years. The sovereign wealth fund may also revise its fixed income strategy, with a greater focus on infrastructure and real estate, according to its CEO.
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3 weeks ago |
zawya.com | Bindu Rai
US President Donald Trump’s visit to Saudi Arabia has triggered a flurry of deals, ranging from AI and data centre infrastructure to investments in private credit. Oracle’s $14bln deal The American database and cloud company pledged $14 billion in investments over the next 10 years in Saudi, with the aim of bringing AI technology to the kingdom. CEO Safra Catz credited Trump for the deal, adding the expanded partnership with Saudi “will create new opportunities for its economy”.
Journalists covering the same region
Cathy Adams
Senior Content Editor, Times Travel at The Times
Senior Content Editor, Times Travel at The Sunday Times
Writer at The Ambivalent Mother
Cathy Adams primarily covers news in London, England, United Kingdom and surrounding areas including Greater London.
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