THE EDGE INSIGHTS
Latest Economic Insights
Economic developments that matter to regional and global markets, analysed daily.
Qatar's Nebras Energy Nine-Month Profit Reaches 1.036 Billion Riyals
Nebras Energy reported a nine-month net profit of 1,035.9 million riyals, 0.8 percent more than a year earlier on our calculation, the…
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Scatec's 1,000 MW Egypt Solar Plant Advances on Financing Terms
Egypt's Dandara solar project moved closer to financing on Monday, MENA reported. The 1,000 megawatt plant, with 200 megawatt hours of batteries,…
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Saudi School Operator NCLE Lifts Annual Profit to 170.1 Million Riyals
The National Company for Learning and Education (NCLE) earned 170.07 million riyals in its year to 31 July 2026. Profit rose 5.82…
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SpaceX Commits to an Estimated 40 Billion Dollar GPU Lease
SpaceX expects to pay principal of an estimated 40 billion dollars under a master finance lease for graphics processing unit pods, according…
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S&P Lifts Dubai Insurer AIG MEA to A+ From A, Outlook Stable
S&P Global Ratings raised Dubai-based AIG MEA Ltd. to A+ from A on 26 October, with a stable outlook. The insurer's insurance…
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Egypt's Banque du Caire Prices at 5.30 Pounds, the Top of Its Range
Banque du Caire has set the final price of its share sale at 5.30 pounds, the top of its 4.82 to 5.30…
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TAQA Prices 1.75 Billion Dollars of Bonds, Over 3 Times Covered
Abu Dhabi National Energy Company, TAQA, said on 26 October that it had priced 1.75 billion dollars of bonds in two tranches.…
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solutions Earns 1.241 Billion Riyals, Tadawul Group Profit Falls
Arabian Internet and Communications Services Company, which trades as solutions, earned 1,241 million riyals in the first nine months of 2026, up…
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stc Kuwait Nine-Month Profit Rises 1.8 Percent to 26.3 Million Dinars
Kuwait Telecommunications Company, which trades as stc, earned 26.281 million dinars in the nine months to 30 September 2026, up 1.8 percent…
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Egypt's SODIC 9-Month Profit Falls 45.1 Percent to 1.29 Billion Pounds
SODIC, formally Sixth of October Development and Investment Company, earned a net profit of 1.293 billion Egyptian pounds in the first nine…
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Vodafone Qatar Profit Rises 23.7 Percent as QIIB and Salam Grow
Vodafone Qatar lifted its nine-month net profit 23.7 percent to 611.0 million riyals, the company said on 25 October. Qatar International Islamic…
Read more →Saudi Cement Q3: Eastern Province Cement Profit Up 38.9 Percent
Eastern Province Cement lifted its third-quarter net profit 38.9 percent to 50 million riyals, and Arabian Cement grew its nine-month net profit…
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Doha Bank Prices Dollar Bond as Al Meera Earns 82.15 Million Riyals
Doha Bank has priced a 500 million dollar, 5-year senior unsecured bond. It carries a 6.25 percent coupon, 140 basis points over…
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Saudi Q3: SABIC Earns 499 Million Riyals as Al Habib Profit Rises
SABIC returned to profit in the third quarter of 2026, earning 499 million riyals after a loss of 833 million riyals in…
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Bank Muscat Leads as Oman's Listed Banks Earn 455 Million Rials
Oman's 7 banks listed on the Muscat Stock Exchange earned 455.0 million Omani rials in the first nine months of 2026, on…
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American Express Profit Up 28 Percent; Union Pacific, Newmont Grow
American Express lifted third-quarter net income 28 percent to 3.71 billion dollars. Revenue rose 9 percent to 20.06 billion dollars. The company…
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Eni More Than Doubles Q3 Adjusted Profit to 2.8 Billion Euros
Eni more than doubled its third-quarter adjusted net profit to 2.8 billion euros, from 1.2 billion a year earlier. The Italian group…
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L'Oréal Hits 35.33 Billion Euros in 9 Months, Puig Posts Record Q3
L'Oréal's sales reached 35.33 billion euros in the nine months to 30 September 2026, up 6.9 percent like-for-like and 7.7 percent as…
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Luxury Q3: Hermès Up 5.5 Percent, Kering's Gucci Down 4 Percent
Hermès lifted third-quarter sales 5.5 percent as reported, to 4,096 million euros. Kering's revenue was stable as reported at 3,345 million euros,…
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EBRD Commits Up to 221 Million Dollars to Scatec's Egypt Platform
The European Bank for Reconstruction and Development (EBRD) has agreed to put up to 221 million dollars, or 191 million euros, into…
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QatarEnergy Adds Up to 4 Million Tonnes a Year of Cheniere LNG
QatarEnergy has signed 2 long-term agreements to buy up to 4 million tonnes a year of liquefied natural gas from Cheniere's Sabine…
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UAE Banks Q3: ADCB Nine-Month Profit Rises 27 Percent
Abu Dhabi Commercial Bank (ADCB) earned 10.296 billion dirhams after tax in the first nine months of 2026. That is 27 percent…
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Kuwait Nine-Month Results: Injazzat Profit Up 69 Percent
Injazzat Real Estate Development lifted nine-month net profit attributable to shareholders 69 percent to 2.65 million dinars, according to its results form.…
Read more →Saudi Results: United Carton Nine-Month Profit Up 73.1 Percent
United Carton Industries raised its nine-month net profit 73.1 percent to 81.89 million riyals. Electrical Industries grew its own 37.7 percent, to…
Read more →Medicare Nine-Month Profit Up 79.2 Percent in Qatar Results
Medicare Group lifted its nine-month net profit 79.2 percent on our calculation, to 111.2 million riyals, the largest gain of the four…
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Lockheed Backlog Hits 292 Billion Dollars as P&G Sales Rise 4 Percent
Lockheed Martin ended its third quarter with a record order backlog of 291.98 billion dollars, it reported on 22 October. Third-quarter sales…
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Barclays Q3 Profit Rises 13 Percent to 1.65 Billion Pounds
Barclays made an attributable profit of 1,646 million pounds in the third quarter of 2026. That was 13 percent more than the…
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Meta Sales Rise 26 Percent as TI, Lam, IBM and Tesla Report
Meta Platforms reported third-quarter revenue of 64.60 billion dollars on 21 October, 26 percent more than a year earlier. Its revenue was…
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CBD Posts a Record 2.95 Billion Dirhams Before Tax, SAB Grows
Commercial Bank of Dubai, or CBD, earned a record 2,948 million dirhams before tax in the first nine months of 2026, up…
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Fitch Affirms CIB and Banque du Caire as CIB Leads at 12.1 Percent
Fitch Ratings affirmed Commercial International Bank (CIB) and Banque du Caire at B with a Stable Outlook on 21 October. Its CIB…
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Gulf Banks Q3: Al Rajhi Up 13.3 Percent as Emirates NBD Grows
Six Saudi banks and Emirates NBD all grew nine-month profit in results published on 21 October, on our count. Al Rajhi Bank…
Read more →Saudi Q3: Tadweeer's Nine-Month Profit Rises 94.7 Percent
National Environmental Recycling Co., listed as Tadweeer, raised its nine-month net profit 94.7 percent to 73.3 million riyals. Revenue climbed 154.8 percent…
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SpaceX Revenue Jumps 161 Percent as Netflix, Capital One Grow Profit
SpaceX's third-quarter revenue rose 161 percent to 14.58 billion dollars. A net loss of 1.05 billion dollars a year earlier turned into…
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Eni Aims for Cronos to Reach Market via Egypt's Plants in 2028
Eni aims to make Cronos the first Cypriot gas field to reach market. It targets production in 2028 through Egypt's existing plants.…
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Gulf Results: Dubai Islamic Bank Revenue Rises 7 Percent
Dubai Islamic Bank grew gross revenue for the first nine months of 2026 by 7 percent to 18.6 billion dirhams. In Qatar,…
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Egypt and Talaat Moustafa Sign an 11 Trillion Pound Deal
Talaat Moustafa Group Holding has signed agreements with the Egyptian government to develop four major mixed-use projects with investments the company estimates…
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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