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1 week ago | 
agbi.com | Edmund Bower |Matt Smith
Analysis Markets Flynas IPO strugglesMarket sentiment shiftingSaudi valuations to lowerFlynas’s share price struggles since listing on Riyadh’s bourse this week may mark the beginning of lower valuations for Saudi Arabian initial public offerings, although further flotations are still likely this year.
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1 week ago | 
agbi.com | Megha Merani |Matt Smith
Markets Dubai index down 0.8% on WednesdayBank and real estate stocks affectedTadawul and Aramco drop 0.9%Gulf stock markets slipped in early trading on Wednesday, extending declines as the Iran-Israel conflict made investors more risk averse.
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1 week ago | 
agbi.com | Matt Smith |Megha Merani
Markets Small-cap stocks leadEnergy sector jumpsStrait of Hormuz concernsUAE stock markets recovered some ground on Monday after a sharp decline late last week, as investors re-bought property, industrial and energy shares despite acute geopolitical tensions in the Middle East.
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1 month ago | 
agbi.com | Matt Smith |Valentina Pasquali
Analysis Real Estate Alamy/Aleksandar Tomic via Reuters Sustained momentum in sectorRevenue from off-plan salesHigh profits for next two yearsThe UAE’s largest property developers are likely to post rising profits in the coming quarters as under-construction projects reach new milestones.
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2 months ago | 
agbi.com | Matt Smith |Gavin Gibbon
Markets Global markets hit by sell-offQuick recovery for Gulf predictedEnergy products exempt from tariffsDubai’s stock index tumbled on Thursday, poised for its biggest daily decline this year, and other Gulf bourses slid after US president Donald Trump announced wide-ranging tariffs on importers.
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Mar 4, 2025 | 
agbi.com | Matt Smith |Eva Levesque |Edmund Bower
Analysis Oil & Gas Projected 30% drop in dividends PIF and government likely to step in Expect deficit and borrowing to rise A projected 30 percent drop in Saudi Aramco’s oil dividends in 2025 is likely to force the government and state-owned Saudi Public Investment Fund to step up borrowing to fund infrastructure and other projects under the kingdom’s Vision 2030 economic and social strategy, analysts say. The world’s largest oil company intends to cut dividends to shareholders by $38.8...
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Mar 2, 2025 | 
agbi.com | Matt Smith |Eva Levesque
Analysis Markets $31bn Aramco dividend expectedLarge portion of state spendingShare price down 14.5%Saudi Aramco’s 2024 full-year results due next week are likely to again underline the importance of the world’s largest listed oil company to big-spending Saudi Arabia’s economic development plans.
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Feb 26, 2025 | 
agbi.com | Matt Smith |Gavin Gibbon
Manufacturing Losses in 2024 up 11% to $3bnShares down 95% since 2021Lucid expects losses to continuePeter Rawlinson, the CEO of the Saudi Arabia-backed electric car maker Lucid Motors, has resigned after the Californian company’s total accumulated losses rose to almost $13 billion.
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Feb 24, 2025 | 
agbi.com | Pramod Kumar |Matt Smith
Tech PIF part of SoftBank’s Vision FundSoftBank has not delivered, says CEOVision Fund 1 lost $21.6bn since launchJapan’s SoftBank Group has not “fully delivered” the expected returns to Saudi Arabia’s sovereign wealth fund, chaired by Crown Prince Mohammed bin Salman, CEO Masayoshi Son has said. “I haven’t still given him enough return.
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Jan 16, 2025 | 
agbi.com | Matt Smith
Consumers and SMEs defaultNon-performing loans up 24%QNB positioned to absorb lossQatar National Bank (QNB), the Middle East and Africa’s largest lender by assets, this week reported another solid set of annual earnings. Yet within its financials lurks a potentially worrying statistic: rising loan defaults by consumers and small companies.
