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Oct 18, 2024 | 
energyintel.com | Massoud A. Derhally
Further escalation in the attacks between Israel and Iran could push up the costs of shipping crude and LNG through the Strait of Hormuz, similar to the significant cost increases seen for those transiting the more treacherous Red Sea.
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Sep 25, 2023 | 
thenationalnews.com | Massoud A. Derhally
Inflation in Lebanon hit an annual 230 per cent in August, amid stalled economic reforms and a political vacuum that has left the country without a president for nearly a year. Triple-digit inflation continued for the 38th consecutive month as the country's currency continued to lose value on the parallel and official markets since it was devalued by 90 per cent at the start of February.
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Sep 24, 2023 | 
msn.com | Massoud A. Derhally
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Sep 24, 2023 | 
msn.com | Massoud A. Derhally
The main shareholders in SAL Saudi Logistics Services Company are selling a 30 per cent stake in the company as part of an initial public offering that may raise as much as 2.54 billion riyals ($678 million).
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Sep 24, 2023 | 
thenationalnews.com | Massoud A. Derhally
The main shareholders in SAL Saudi Logistics Services Company are selling a 30 per cent stake in the company as part of an initial public offering that may raise as much as 2.54 billion riyals ($678 million).
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Sep 21, 2023 | 
thenationalnews.com | Massoud A. Derhally
Al Yah Satellite Communications, better known as Yahsat, said on Friday that its government services arm has been awarded a Dh18.7 billion ($5.1 billion) 17-year services mandate by the UAE to provide satellite capacity and managed services. The deal covers operations, maintenance and technology management services of ground segment satellite systems and terminals currently provided under a separate contract.
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Sep 20, 2023 | 
thenationalnews.com | Massoud A. Derhally
Jordan's Abdali Investment and Development company, the kingdom's largest real estate development project, is considering an initial public offering in the future, its chairman said. Abdali is a 50-50 joint venture between Jordan’s largest property investment firm, state-owned Mawared, and Horizon International for Development, a real estate holding company owned by Bahaa Hariri, the eldest son of the late former Lebanese Prime Minister Rafic Hariri.
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Sep 20, 2023 | 
thenationalnews.com | Massoud A. Derhally
The UAE Central Bank held its benchmark borrowing rate after the US Federal Reserve hit pause for the second time this year as core inflation and the labour market in the US slowed. The Fed held its policy rate, which is at the highest since 2001, as it aims to bring inflation down to its target range of 2 per cent after prices hit a four-decade high in June 2022. The US central bank left the federal funds rate between 5.25 per cent and 5.5 per cent at the end of its two-day meeting on Wednesday.
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Sep 18, 2023 | 
thenationalnews.com | Massoud A. Derhally
The UAE's first US dollar-denominated sovereign bond offering in more than a year was oversubscribed by five times, the Ministry of Finance has said. The $1.5 billion bond, the first issuance by the federal government since June 2022, attracted more than $7.4 billion in bids, with strong demand from domestic, regional and international investors, reflecting the country’s “increasing attractiveness to foreign investors”, the ministry said.
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Sep 13, 2023 | 
thenationalnews.com | Massoud A. Derhally
Shares of Arm Holdings surged 25 per cent on Thursday as the company raised $4.87 billion in its initial public offering, marking the largest listing of the year. The UK chip designer's shares jumped to $63.59 at market close on the Nasdaq, well above Arm's top-end offer price, valuing the company at more than $65 billion. The shares rallied further in after hours trading, gaining 7 per cent to $67.95.
