Agbi

Agbi

Agbi's Articles

What Dubai gets right (and wrong) at Christmas

What Dubai gets right (and wrong) at Christmas

Christmas in Dubai is an acquired taste. For newcomers, it can feel like a series of contradictions: carols in 25-degree sunshine and red bobble hats by the swimming

United Arab Bank raises $272m loan to boost balance sheet

United Arab Bank raises $272m loan to boost balance sheet

The UAE’s United Arab Bank has raised AED 1 billion ($272 million) from a term loan facility, part of efforts to strengthen its balance sheet. Proceeds from the

CEO resigns from loss-making Dubai insurance firm Aman

CEO resigns from loss-making Dubai insurance firm Aman

The chief executive officer of Dubai Islamic Insurance and Reinsurance Co, known as Aman, has resigned, citing personal reasons, as the company continues to grapple

Jordan to build second city near Amra green town

Jordan to build second city near Amra green town

Jordan has approved plans to build a second city near the planned Amra green city which has just been launched as the largest urban project in Jordan’s history.

Egypt cuts interest rates for fifth time as inflation eases

Egypt cuts interest rates for fifth time as inflation eases

The monetary policy committee of Egypt’s Central Bank has cut interest rates for a fifth time in a row due to easing inflation. It has cut deposit and lending rates

Bahrain’s Silah Gulf to sell 30% stake in IPO

Bahrain’s Silah Gulf to sell 30% stake in IPO

Silah Gulf, an outsourcing company owned by a unit of Bahrain’s sovereign wealth fund Mumtalakat, plans to sell a 30 percent stake in the company through an initial

Turkey postpones inflation accounting for three years

Turkey postpones inflation accounting for three years

Turkey‘s parliament approved a law on Wednesday to drop a requirement for companies to produce inflation-adjusted accounts for the 2025, 2026 and 2027 financial

Kuwait awards $4bn port contract to Chinese company

Kuwait awards $4bn port contract to Chinese company

Kuwait has given a Chinese company a contract to build Mina Mubarak Al-Kabeer port, as the Gulf state seeks a greater share in world trade. The engineering, supply

Egypt to invite investors for projects in ‘golden triangle’

Egypt to invite investors for projects in ‘golden triangle’

Egypt is preparing a list of projects to show potential investors in its promising “golden triangle” area, home to nearly half the Arab country’s gold deposits.

Turkey to power up electricity storage

Turkey to power up electricity storage

Turkey will accelerate rolling out new electric storage capacity to meet domestic energy security needs and feed in to anticipated growth in demand from the country