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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Samsung Guides Q3 Operating Profit to 107.4 Trillion Won
Samsung Electronics estimates its operating profit for the third quarter of 2026 at approximately 107.40 trillion won, equivalent to 80.1 billion dollars,…
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Skydance Closes Warner Bros. Deal, Revenue Near 70 Billion Dollars
Skydance, the company formerly called Paramount Skydance, completed its acquisition of Warner Bros. Discovery on 6 October, creating a combined group with…
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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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Paramount Skydance to Become Skydance and Trade as SKYD
Paramount Skydance said in a filing with the US Securities and Exchange Commission on 2 October that it intends to change its…
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OpenAI Seeks at Least 30 Billion Dollars at a 1.4 Trillion Valuation
OpenAI aims to raise at least 30 billion dollars in a new funding round and is seeking a valuation of about 1.4…
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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…
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Taiwan Has Approved 44 Billion Dollars of TSMC Capital for Its US Unit
Taiwan's Ministry of Economic Affairs has approved 44 billion dollars of TSMC capital for its US subsidiary through 7 approvals since December…
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US Jury Awards Taction More Than 5.7 Billion Dollars in Apple Case
A federal jury in San Diego awarded Taction Technology more than 5.7 billion dollars on 25 September after finding that Apple infringed…
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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Alibaba's New AI Chip Triples Performance as Shares Jump 5.1 Percent
Alibaba Group unveiled a new AI chip that it said triples the performance of its predecessor and outlined plans for an AI…
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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…
Read more →Paramount Skydance Settles With 12 States Over Warner Bros.
Paramount Skydance has reached a settlement with a coalition of 12 state attorneys general led by California's Rob Bonta, resolving their antitrust…
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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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Anthropic's Annualised Revenue Is Expected to Pass 100 Billion Dollars
Anthropic is expected to reach an annualised revenue run rate above 100 billion dollars this year as it prepares for a stock…
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Apple’s Foldable Lands at 1,999 Dollars and the Pro Rises 100: The Event Against Our Numbers
Apple priced its first foldable iPhone 1 dollar below the 2,000 dollar floor in the roadmap report we carried on 7 September.…
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Apple’s 2,000 Dollar Foldable Meets a 94 Percent Inventory Build: The Numbers Before 9 September
Apple's new chief executive John Ternus takes the stage on Wednesday 9 September with a foldable iPhone expected to cost more than…
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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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Nvidia Reportedly Agrees to Acquire Hugging Face for 12.9 Billion Dollars, Nearly Triple Its 2023 Valuation
Nvidia has reportedly agreed to acquire open source artificial intelligence platform Hugging Face for 12.9 billion dollars, a transaction that would extend…
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Apple CEO Handover From Tim Cook to John Ternus Takes Effect September 1
Tim Cook steps down as Apple's chief executive on September 1, 2026, handing the role to John Ternus, the company's senior vice…
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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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Nvidia Adds 442 Billion Dollars in a Day, Second Biggest Gain in Stock Market History
Nvidia added 442 billion dollars to its market value on Thursday, according to Bloomberg, which called it the second largest one-day gain…
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Alphabet Shares Fall About 17 Percent From Their May Peak as an AI Leadership Reshuffle Meets a 205 Billion Dollar Spending Plan
Alphabet shares have fallen sharply from their spring peak as investors weigh a wave of senior AI departures at Google against a…
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Shein Targets a Valuation of Up to About 27 Billion Dollars in Its Hong Kong IPO as the Order Book Is Covered
Shein has launched its Hong Kong initial public offering at a valuation of up to about 27 billion dollars, roughly 72.5 percent…
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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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- 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