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Khaleej Daily News


World Bank Partnership with GCC Countries
The World Bank has supported GCC countries for over 50 years, providing expertise in capacity building, reforms, and human capital developme
Nov 19, 20241 min read
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Most Gulf Stock Markets Rise After Trump’s US Election Victory
Gulf stock markets rose after Trump’s U.S. election win, with Saudi, Dubai, and Abu Dhabi indices up, fueled by expectations of business-fri
Nov 19, 20241 min read
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Saif Al Suwaidi Appointed CEO of Qatar Sovereign Fund
Mohamed Saif Al Suwaidi is appointed CEO of Qatar Investment Authority, managing $526B in assets, after Mansoor Al Mahmoud became Health Min
Nov 19, 20241 min read
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UAE Ranks Third Globally in Diamond Trade with $40 Billion
The UAE ranks third in global diamond trade, with a projected value of $40B in 2024. Diamonds make up over 5.5% of the country’s non-oil tra
Nov 19, 20241 min read
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Alba's Q3 Profits Tripled to BHD 54.5 Million
Alba’s Q3 profits tripled to BHD 54.5M, while profits for the first 9 months rose 56%. Ma'aden acquired SABIC’s 20.62% stake in the company.
Nov 19, 20241 min read
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Dubai Investments Reports 2% Increase in Q3 Profits to AED 241 Million
Dubai Investments Q3 profits up 2% to AED 241M, driven by fair value gains and higher financing revenues, despite a 4% drop in total revenue
Nov 19, 20241 min read
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China Receives $40 Billion in Orders for Dollar Bonds Issued in Saudi Arabia
China received $40B in orders for its $2B dollar bond issuance in Saudi Arabia, reducing yields to just 1 basis point above U.S. Treasuries.
Nov 19, 20241 min read
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IHC Begins Share Buyback Program Worth AED 5 Billion
IHC starts a AED 5B share buyback program, with the first tranche of AED 1.8B. The program will run for a year.
Nov 19, 20241 min read
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3% Growth in Ship Fuel Sales in Fujairah, UAE in October
Fujairah’s ship fuel sales rose 3% in October vs. September, but marked a fourth consecutive annual decline, reaching 635,471 cubic meters.
Nov 19, 20241 min read
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