THE EDGE INSIGHTS
Latest Economic Insights
Economic developments that matter to regional and global markets, analysed daily.
Fitch Affirms NBE and Banque Misr at B, NBE Capital at 10.6 Percent
Fitch Ratings affirmed National Bank of Egypt and Banque Misr at B with a Stable Outlook on 20 October, and kept both…
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Saudi Q3 Results: Yamama Cement Profit Up 108.3 Percent
Yamama Cement, Banque Saudi Fransi, Mobily and Bank Albilad all grew third-quarter revenue, on our count, in results filed on the Saudi…
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YANSAB Triples Third-Quarter Profit to 237.3 Million Riyals
Yanbu National Petrochemical Co. (YANSAB) earned 237.3 million riyals in the third quarter of 2026, according to results it posted on the…
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KFH and NBK Pass 1 Billion Dinars of Nine-Month Profit
Kuwait Finance House and National Bank of Kuwait earned a combined 1,005.0 million dinars for their shareholders in the first nine months…
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Banque du Caire Offer Values the Bank at Up to 80.8 Billion Pounds
The sale of 30 percent of Banque du Caire, cleared by the regulator on 18 October, carries an indicative price of 4.82…
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iPhone Duo Pre-Orders Called Extraordinary as Estimates Reach January
Apple said pre-order demand for the iPhone Duo, its first foldable iPhone, has been "nothing short of extraordinary", in a statement carried…
Read more →Banque du Caire to Float 30 Percent on the Egyptian Exchange
Banque du Caire has announced its intention to list on the Egyptian Exchange through the sale by its parent, Banque Misr, of…
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Egypt and Chevron Sign Lotus Deal, Minimum 88 Million Dollars
The Egyptian Natural Gas Holding Company, EGAS, has signed an agreement with Chevron to explore for natural gas and crude oil in…
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Marriott's Middle East Revenue per Room Seen Rising 70 Percent
Hotel operators in the Middle East are heading into the region's peak travel season with demand starting to recover, as analyst estimates…
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RUA AlHaram and MRCB to Study a 21 Billion Riyal Makkah Destination
RUA AlHaram AlMakki, a Public Investment Fund company and the main developer of the King Salman Gate project, signed a cooperation agreement…
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DEWA Completes 2.70 Billion Dollar Refinancing of Noor Energy 1
Dubai Electricity and Water Authority has completed a 2.70 billion dollar refinancing of Noor Energy 1, the 950 megawatt fourth phase of…
Read more →BP's 700 Million Dollar Egypt Drilling Programme Moves to Ghurab
BP's current Egyptian drilling programme has moved to the Ghurab exploration well after Fayoum 4 began producing about 80 million cubic feet…
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NBE Gets In-Principle UAE Approval to Acquire Banque Misr's 5 Branches
The Central Bank of the UAE has given in-principle approval to a request by the National Bank of Egypt to acquire Banque…
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QIA Signs an MoU for a 20 Billion Dollar J.P. Morgan Partnership
The Qatar Investment Authority and J.P. Morgan Asset Management have signed a memorandum of understanding to establish a 20 billion dollar strategic…
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QIA Launches Doha Investment to Hold Its Domestic Portfolio
Qatar has established a dedicated investment platform, Doha Investment, wholly owned by the Qatar Investment Authority and carrying its own mandate and…
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AMAK’s Jabal Qaran Estimate Reaches 14 Million Tonnes, With 11.3 Million Tonnes JORC Classified
Saudi Arabia's Almasane Alkobra Mining Company, known as AMAK, has reported approximately 14 million tonnes of mineralised material at its Jabal Qaran…
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Egypt’s 5 Largest Listed Banks Earn Combined 71.9 Billion Pounds in Standalone First-Half Profit
Commercial International Bank Egypt (CIB), QNB Egypt, Abu Dhabi Islamic Bank Egypt (ADIB Egypt), Suez Canal Bank and Faisal Islamic Bank of…
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Huawei Bids 2,008 AI Chips for Egypt Government Data Center Project
Huawei Technologies Co. has submitted a tender to build artificial intelligence data centers for the Egyptian government, proposing to export 1,408 of…
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Kuwait’s PIC Reported Among Suitors for Shell US Chemicals Assets Valued at Up to 8 Billion Dollars
Kuwait's Petrochemical Industries Company, the petrochemical arm of Kuwait Petroleum Corporation, has been reported among the parties interested in Shell's US chemicals…
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Saudi Arabia Expands Mining Strategy as Aramco and Maaden Target Copper
Saudi Arabia is broadening its push into critical minerals as Saudi Aramco and Saudi Arabian Mining Company, Maaden, move toward establishing a…
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ADQ Plans a 6.25 Dirham Cash Offer for AD Ports Minority Shares at a 23 Percent Premium
AD Ports Group told the Abu Dhabi Securities Exchange on 17 August that it had received notification of an intention to submit…
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PIF Net Profit More Than Doubled to 17 Billion Dollars as Assets Passed 900 Billion
The Public Investment Fund published its 2025 annual report on 17 August. Revenue rose 9 percent to 120 billion dollars, net profit…
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Egypt Is Selling Stakes to Its Own Lenders: EBRD and IFC Line Up for 10 Percent of Two State Offerings
Two Egyptian state offerings are converging on the same structure and the same buyers, and the institutions involved are not new arrivals.…
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KPC Beyond the Profit Headline: Resilience, Recovery and Strategic Progress
Kuwait Petroleum Corporation reported on 12 August that it earned 2.155 billion dinars, about 6.9 billion dollars, in the financial year to…
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Report: Kuwait’s Nine Listed Banks Grew First-Half Profit 4.6 Percent to 922.3 Million Dinars, With Eight of Nine Higher
The Edge for Economic Consultancy has published a special report, "Steady Through the Storm: Kuwait's Banks Deliver Resilient First-Half Profits", examining the…
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Emirates NBD Egypt to Acquire HSBC Egypt’s Entire Retail Banking Business
HSBC has agreed to sell the whole of its retail banking business in Egypt to Emirates NBD, in a transaction the British…
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Blackstone to Open Kuwait Office With 1.3 Trillion Dollars Under Management
Blackstone will open a Kuwait office in the third quarter of 2026 through KDIPA, extending a regional relationship of nearly four decades…
Read more →Kuwait Signs a Record 16 Billion Dollar Pipeline Partnership Under Project Peregrine
Kuwait Petroleum Corporation has announced the largest foreign direct investment in the country's history, after its subsidiary Kuwait Oil Company signed a…
Read more →Saudi Public Investment Fund Signs Three Financing Framework Agreements Worth Up to 24.5 Billion Dollars With the World Bank Group and the US Export Import Bank
Saudi Arabia's Public Investment Fund said on 24 July 2026 that it had signed three memoranda of understanding worth a combined up…
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Report: All Ten Saudi Banks Grew Profit in the Second Quarter of 2026, With Combined Net Profit Up 8.2 Percent to 24.87 Billion Riyals
The Edge for Economic Consultancy has published a special report, "The Clean Sweep: All Ten Saudi Banks Grew Profit in the Second…
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FAB Leads on Reported Profit, QNB on Assets and Lending: MENA’s Two Largest Banks by Assets Compared in the First Half of 2026
First Abu Dhabi Bank and Qatar National Bank have both reported for the first six months of 2026, and the results present…
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Abu Dhabi Launches the 100 Billion Dirham Marsa Al Saadiyat Waterfront Development on Saadiyat Island
Abu Dhabi has launched Marsa Al Saadiyat, a waterfront development with an investment value of 100 billion dirhams, about 27 billion dollars…
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ADNOC Approves a 6.2 Billion Dollar Investment to Develop the Umm Shaif Gas Cap Offshore Abu Dhabi
Abu Dhabi National Oil Company has taken a final investment decision worth about 6.2 billion dollars, roughly 22.6 billion dirhams, to develop…
Read more →Saudi PIF Nears EU Clearance for Its 55 Billion Dollar Electronic Arts Takeover
Saudi Arabia's Public Investment Fund and its partners are set to win European Union clearance for their 55 billion dollar acquisition of…
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Saudi PIF and I Squared Sign an MoU Targeting Up to 2 Billion Dollars for Infrastructure
Saudi Arabia’s Public Investment Fund has signed an agreement with the global manager I Squared Capital to channel up to 2 billion…
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Masdar Reaches Financial Close on the World’s First Gigascale Round-the-Clock Renewable Project
Abu Dhabi’s Masdar has reached financial close on what it calls the world’s first gigascale round-the-clock renewable-energy project, a 6.1 billion dollar…
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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