THE EDGE INSIGHTS
Latest Economic Insights
Economic developments that matter to regional and global markets, analysed daily.
Emaar Properties Plans AED 15 a Share Offer for Emaar Development
Emaar Properties intends to make a voluntary offer of AED 15 a share in cash for all the Emaar Development shares it does not already own. For Emaar Development's other shareholders, the price sets a…
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DIP Holding Prices Its Oversubscribed IPO at AED 1.12 a Share
DIP Holding, the company behind Dubai Investments Park, has priced its IPO at AED 1.12 a share, with trading on the Dubai…
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TotalEnergies to Supply 900,000 Tonnes of LNG a Year to Jiangsu Guoxin
TotalEnergies has signed a Heads of Agreement to supply Jiangsu Guoxin Group, a provincial state-owned energy company in China, with 900,000 tonnes…
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Bahrain's Beyon Lifts Q3 Profit 2% to BHD 17 Million
Beyon, the listed Bahraini technology group, raised third-quarter profit attributable to shareholders 2% to BHD 17.0 million, but its nine-month profit was…
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Petrojet Wins Cronos Gas Line Deal and $11 Million Fabrication Work
Petrojet will design, supply and build the 57 km onshore line from the Zohr field's facilities to the Damietta liquefaction plant, part…
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Fitch Turns BNP Paribas' Outlook Negative, Affirms AA- Rating
Fitch Ratings revised BNP Paribas' outlook to Negative from Stable on Tuesday and affirmed its AA- rating, carrying its 30 October move…
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Shell to Sell North West Shelf Stake to ADNOC's XRG for $1.45 Billion
Shell has agreed to sell its 16.67% non-operated interest in Australia's North West Shelf project to subsidiaries of ADNOC's XRG for $1.45…
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PIF Raises $3 Billion in SACE-Backed Credit Facilities
Saudi Arabia's Public Investment Fund has raised $3 billion equivalent in dual-tranche credit facilities guaranteed by SACE, Italy's export credit agency, from…
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ADNOC Gas to Supply TotalEnergies With Up to 1.6 Million Tonnes of LNG
ADNOC Gas has agreed to supply TotalEnergies with up to 1.6 million tonnes of liquefied natural gas over five years, extending its…
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Jordan's Arab Bank Nine-Month Profit Rises 10% to $902 Million
Jordan's Arab Bank Group lifted nine-month net profit 10% to $902 million, helped by smaller credit-loss charges and higher fee income while…
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Kuwait's Humansoft Nine-Month Profit Falls 6.6% on Lower Revenue
Kuwait's Humansoft Holding reported nine-month 2026 net profit of KWD 23.8 million, 6.6% lower than a year earlier, and revenue from its…
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Aramco's Q3 Attributable Net Income Rises 41.3% to SAR 137.39 Billion
Saudi Aramco's third-quarter net income attributable to shareholders rose 41.3% to SAR 137.39 billion, lifted by higher revenue and a gain on…
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Raya Holding Confirms Plan for a Digital Bank in Egypt
Raya Holding for Financial Investments confirmed on 2 November that its management plans to establish a digital bank in Egypt through Aman…
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Apple Revenue Rises 12% to a September-Quarter Record of $114.5bn
Apple's revenue rose 12% to a September-quarter record of $114.5 billion in its fiscal fourth quarter, the company said, and the iPhone…
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Oracle's $10bn Notes Rated BBB, Baa2 and BBB- by Three Agencies
Oracle's $10bn note offering drew investment-grade ratings from Fitch, Moody's and S&P Global Ratings on 2 November; Fitch and Moody's also affirmed…
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Banque du Caire Debuts on EGX After Its EGP 36.37bn Offering
Banque du Caire shares began trading on the Egyptian Exchange after an EGP 36.37 billion offering, the exchange's largest ever, whose public…
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ADNOC Commits to Ruwais Diyab Unconventional Gas at 345 mmscfd
ADNOC took a final investment decision on Ruwais Diyab, which the company calls its first large-scale unconventional gas development, to deliver 345…
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BP Completes Castrol Sale to Stonepeak, Raising $6 Billion
BP has completed the sale of a 65% stake in Castrol, its lubricants business, to infrastructure investment firm Stonepeak, raising $6 billion…
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TSMC's $265bn Arizona Build Lifts Phoenix Property, Bloomberg Says
TSMC's $265bn chipmaking campus in north Phoenix is driving a property boom across the city's northwest suburbs, Bloomberg reported on Sunday, as…
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KPC's KUFPEC Set to Own 25% of 2 Sarawak Gas Fields
Kuwait's KUFPEC has signed farm-out agreements with TotalEnergies, PTTEP and PETRONAS Carigali to develop 2 gas fields off Sarawak, Malaysia, and will…
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Amman Stock Exchange: Nine-Month Profit Rises 4.8% to JOD 1.78 Billion
Amman Stock Exchange companies that filed results lifted nine-month profit attributable to shareholders 4.8% to JOD 1.78 billion, the second-highest total for…
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Orascom Construction Targets December Close of OCI Combination
Orascom Construction expects to complete its combination with OCI N.V. in December 2026, issuing 97.2 million new shares to OCI now that…
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Aramco Closes Deal for 49% of PIF's HUMAIN With Assets and Cash
Aramco has closed its acquisition of a 49% stake in HUMAIN, the Saudi artificial intelligence company, and the Public Investment Fund (PIF)…
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S&P Turns Meta's Outlook Negative, Sees 2027 Capex Above $225bn
S&P Global Ratings revised its outlook on Meta Platforms to negative from stable on 30 October and affirmed its AA- rating, forecasting…
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Alibaba's Qwen Joins Apple Intelligence in China From December
Apple will bring the first Apple Intelligence features to iPhone users in China with iOS 27.3 in December, adding Alibaba's Qwen model…
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Binance Starts Phased Withdrawals, Covers an Estimated 95%
First published on 30 October at 18:56 GMT; updated on 31 October at 18:01 GMT with the company's updates of 30 and…
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ExxonMobil Third-Quarter Earnings Double to $15.4 Billion
Two oil majors reported third-quarter results on 30 October: ExxonMobil's earnings more than doubled from a year earlier to $15.4 billion, and…
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Eli Lilly Third-Quarter Revenue Rises 39% to $24.4 Billion
Eli Lilly raised its 2026 revenue guidance by $5.5 billion at the midpoint on 29 October, after third-quarter revenue rose 39%, driven…
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All Ten Listed Saudi Banks Grow Nine-Month Profit, Combined Up 6.8%
All ten listed Saudi banks grew nine-month net profit this year, lifting their combined earnings 6.8% to 73.58 billion riyals, according to…
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BYD Third-Quarter Profit Rises 28.1% to RMB 10.02 Billion
BYD's net profit attributable to shareholders rose 28.1% in the third quarter, the carmaker's unaudited report shows, while nine-month profit stayed below…
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Amazon Q3 Operating Income Rises 61% to $28.1bn, AWS Up 39%
Amazon's operating income rose 61% to $28.1bn in the third quarter, at what the company called its highest operating margin ever, as…
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Acwa and EIG Target $4bn of Equity for US Venture Plenum Power
Saudi Arabia's Acwa has formed Plenum Power with Washington-based investor EIG, a US power venture the partners aim to launch with an…
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Cheniere Lifts Q3 Revenue 39% and Raises 2026 EBITDA Guidance
Six large US-listed companies filed third-quarter results with the US Securities and Exchange Commission on 29 October; Cheniere Energy raised its 2026…
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QatarEnergy Secures 3 Million Tonnes a Year of Woodside US LNG
QatarEnergy has signed a 20-year agreement to buy 3 million tonnes a year of liquefied natural gas from Woodside Energy's Louisiana LNG…
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First Abu Dhabi Bank Nine-Month Profit Rises to AED 16.46 Billion
First Abu Dhabi Bank (FAB) made a nine-month profit of AED 16.46 billion, with growth stronger in the third quarter alone, in…
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Shell Q3 Adjusted Earnings Up 99%, TotalEnergies Adjusted $9.1 Billion
Two European oil majors reported third-quarter results on 29 October: Shell's adjusted earnings almost doubled from a year earlier to $10.8 billion,…
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UAE Results: Borouge Third-Quarter Profit Falls 63% to $109 Million
Among third-quarter results filed on the Abu Dhabi and Dubai exchanges on 28 and 29 October, Borouge's quarterly profit fell 63% to…
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- Europe Market Wrap 19 October: All Nine Indices Fall as France’s Fiscal Worries Spread
- Europe Market Wrap 9 October: All Nine Indices Rise as Basic Resources Jump 2.99 Percent
- US Market Wrap 12 October: The Dow Alone Rises 0.38 Percent as the Nasdaq 100 Falls 0.71 Percent
- Europe Market Wrap 16 October: All Nine Indices Rise to Cap the Stoxx 600’s Best Week Since June
- Asia Market Wrap 7 October: All Eight Indices Fall as Seoul Drops 1.98 Percent