Business

A weak shekel has partly contributed to the high inflation rate
Bank of Israel raises interest rate to highest since 2006
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Iraq had extended an agreement with Jordan for another year to supply it with 10,000 bpd of crude oil under preferential terms
Jordan resumes Iraqi crude oil imports
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OPEC estimates that the world needs $12.1 trillion in investments to meet rising oil demand in the long term
OPEC leader says underinvestment could trigger oil market volatility
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Manchester United declined to comment on Sheikh Jassim's offer
Qatar's Sheikh Jassim ups final offer for Manchester United
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Proceeds from the sale will be used for general domestic budgetary purposes
Saudi Arabia sells $6 billion in two-tranche sukuk
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The two industrial initiatives are in line with the High Royal Directions aiming at directing the private sector towards productive investment
First “Made in Morocco” car brand presented to King Mohammed VI
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The sale has breathed life into a privatisation programme that had seemingly stalled
Egypt sells $121.6 million stake in Telecom Egypt
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The Istanbul bourse was trading more than 2% lower, after an earlier 6.38% drop triggered a market-wide circuit breaker
Turkey's lira, stocks and dollar bonds tumble
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Prudent debt management
Saudi Arabia returns to debt markets for second time in 2023
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The Dubai-based airline will identify partnerships with organisations working on fuel and energy technologies
Emirates commits $200 million to aviation sustainability fund
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Up to $4 billion in Turkish energy payments to Russia may be postponed until next year under the deal
Turkey defers $600 million Russian energy payment
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Mubadala
Mubadala set to raise $1.5 billion with dual-tranche bonds
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UAE energy minister Suhail al-Mazrouei
Mazrouei says OPEC+ additional voluntary cuts aimed to balance oil market
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ADGM has 5,500 business licences operating within it
Abu Dhabi Global Market to expand by ten times its current size
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Wheat harvesting in a field near the village of Solyanoye in the Omsk region, Russia
Turkey's Ziraat Bank could be intermediary for Russian grain export payments
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Turkish lira
Turkish lira edges down ahead of rate decision
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