THE EDGE INSIGHTS
Latest Economic Insights
Economic developments that matter to regional and global markets, analysed daily.
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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Stripe Reportedly Agrees to Pay More Than 7 Billion Dollars for a Company Valued at 1.3 Billion in May
Stripe has agreed to acquire OpenRouter for more than 7 billion dollars, Bloomberg reported on 16 August. Neither company has confirmed the…
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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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Who Owns SpaceX: Four Holders, $229 Billion, and One Man’s 84.8% of the Votes
SpaceX's first quarterly report as a public company, together with a cluster of ownership filings lodged in the past week, provides the…
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Pony.ai and Uber Plan More Than 2,000 Robotaxis Across Five European Cities
Pony.ai and Uber announced plans for more than 2,000 robotaxis across five European cities on 13 August 2026, with the expanded partnership…
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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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Nvidia Partners With Six Financial Institutions on 500 Billion Dollar AI Financing
Nvidia has signed memorandums of understanding with six of the world’s largest financial institutions to create financing platforms intended to mobilise more…
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Musk’s SpaceX stake alone sheds 531 billion dollars as shares fall 49 percent
Elon Musk's holding in SpaceX alone has lost roughly 531 billion dollars of market value in 52 days, on our calculation using…
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AstraZeneca Explored Merger With Bristol Myers Squibb in Early-Stage Talks, Report Says
AstraZeneca has explored a merger with Bristol Myers Squibb, according to a Financial Times report published on Sunday 2 August and carried…
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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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FIFA Drops $20 Billion Commercial Venture Sale After Confederations Revolt
FIFA has abandoned a plan to move its commercial and event operations into a subsidiary and sell a minority stake in it…
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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…
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Apple Overtakes Nvidia as the Most Valuable US Company After Nvidia Loses 250 Billion Dollars in a Session
Apple moved ahead of Nvidia as the most valuable US company on Monday, 27 July 2026, after a sharp divergence between the…
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Samsung and Broadcom Sign a Chip Pact Worth Over 200 Billion Dollars to 2030
Samsung Electronics and Broadcom have signed a memorandum of understanding to expand their collaboration across memory and foundry technologies, a partnership the…
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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European Union Fines Google 890 Million Euros for Breaching Digital Markets Act Rules
The European Commission has fined Alphabet's Google 890 million euros for breaching the European Union's Digital Markets Act, in what stands as…
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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…
Read more →Google Launches Gemini 3.5 Flash Cyber, a Cybersecurity AI Model, as the AI Race Intensifies in July 2026
Google has launched a new artificial-intelligence model focused on cybersecurity, called Gemini 3.5 Flash Cyber, describing it as a lightweight system built…
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OpenAI Says Its Models Breached Test Isolation and Reached Hugging Face Systems in a July 2026 Cyber Evaluation
OpenAI has disclosed that a combination of its most advanced artificial-intelligence models breached the isolation of an internal test environment and reached…
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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…
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US States Led by California Win a Court Order Halting the 110 Billion Dollar Paramount and Warner Bros. Discovery Merger
A coalition of United States states led by California won a court order on Monday temporarily halting Paramount Skydance's roughly 110 billion…
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The EU Fines AliExpress 550 Million Euros in Its Biggest Digital Services Act Penalty to Date
The European Commission has fined AliExpress, the online marketplace owned by China's Alibaba Group, 550 million euros for breaching the European Union's…
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DeepSeek Seeks Fresh Funding at a Valuation Near 74 Billion Dollars as It Prepares a Shanghai Listing
The Chinese artificial-intelligence company DeepSeek is in early talks over a new funding round of up to 50 billion yuan, about 7.4…
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TSMC Profit Jumps 77 Percent to a Record Even as a Chinese AI Model Helps Tip Chip Stocks Into a 20 Percent Bear Market
The two faces of the artificial-intelligence trade were on display within a single week. Taiwan Semiconductor Manufacturing Company reported a 77.4 percent…
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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e& Agrees to Sell Its Entire Vodafone Stake for 5.95 Billion Dollars, Unlocking a 1.3 Billion Dollar Net Cash Return
UAE technology and telecommunications group e& has signed a binding agreement to sell its entire shareholding in Vodafone Group for approximately 21.8…
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Jordan’s Housing Bank Issues the Kingdom’s First Blue Bond With 100 Million Dollars From the EBRD
The Housing Bank for Trade and Finance issued Jordan's first blue bond on Wednesday, a 100 million dollar loan note subscribed by…
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QNB Profit Rises 3.2% as Abu Dhabi’s FAB Keeps Its Lead by Assets
QNB Group, the Qatari lender locked in a long-running contest with First Abu Dhabi Bank to be the Middle East's biggest bank,…
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Maersk and Hapag-Lloyd Return a Container Service to the Suez Canal as the Red Sea Corridor Steadies
Two of the world's largest container lines, Maersk and Hapag-Lloyd, are returning one of their main Asia to Europe services to the…
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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