Author: Steven Sahiounie

Minister of Foreign Affairs Badr Abdelatty urged Saturday in a phone call with Iran’s Acting Minister of Foreign Affairs Ali Bagheri Kani that all parties must exercise calm and restraint to prevent current tensions in the Middle East from spiralling out of control. FM Abdelatty made his statements in a phone call to Bagheri as part of Egypt’s ongoing communications with all concerned parties to contain the current escalation and reduce regional tensions, according to the Egyptian foreign ministry. The Egyptian foreign minister stressed to his Iranian counterpart that the recent unprecedented developments in the region are extremely dangerous and pose a…

The report revealed that residential land plot prices have increased by 2.8% year-on-year, primarily driven by the residential sector, significantly impacting the overall increase in real estate prices

Dubai has climbed the rankings to become the most expensive city in the Middle East for international workers

GCC debt capital market (DCM) issuances are moving towards the $1 trillion outstanding mark, growing through 2024 and 2025, Fitch said in a new report.

Dubai-listed Emirates REIT has partially redeemed its $380 million sukuk after announcing the sale of Trident Grand Mall in Jumeirah Beach Residence (JBR) last month.

Doha: Qatar Central Bank (QCB) has issued treasury bills and Islamic bonds for maturities of 7 days, 28 days, 91 days, 182 days

A total of 24.88mln bpd arrived in July in Asia, the world’s biggest oil importing region, down 6.1% from the previous month and the lowest on a daily basis since July 2022

Of course, around $100 billion of yen-buying intervention from Tokyo in the last few months has put a floor under the currency, and the BOJ’s approach to raising rates is hardly gung-ho. So the yen is not a sure-fire bet to strengthen aggressively from here

The BoE cut rates by a quarter point to 5.0% on Thursday, in a decision markets had thought was on a knife-edge

Iran’s first vice president Mohammad Reza Aref and Qatar’s Emir Sheikh Tamim bin Hamad Al Thani have underscored the need for an immediate ceasefire in the Gaza Strip, as the Israeli regime continues its atrocities in the besieged territory. The two officials made the appeal as they discussed the latest regional developments, particularly the crimes perpetrated by the Israeli regime in Gaza, in a meeting in the Qatari capital Doha on Friday. During the meeting, Iran’s proposal to hold an emergency meeting of the Organization of Islamic Cooperation (OIC) was also reviewed. The two sides also discussed bilateral relations and ways to boost and…