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Today: March 17, 2025
Today: March 17, 2025
Hadeel Al Sayegh

Hadeel Al Sayegh

Staff Writer

Latest From Hadeel Al Sayegh

Business|Economy|Finance|MidEast|Travel

Etihad profit more than triples to almost $500 million ahead of expected IPO

Etihad Airways more than tripled its net profit last year to $476 million, the carrier, which sources say is set for an initial public

Etihad profit more than triples to almost $500 million ahead of expected IPO
Business|Fashion and Beauty|MidEast

Dubai-based Huda Beauty sells fragrance line KAYALI to co-founder and General Atlantic

Dubai-based Huda Beauty will sell its popular fragrance brand KAYALI to its co-founder and General Atlantic in a move that allows the beauty company's owners to

Dubai-based Huda Beauty sells fragrance line KAYALI to co-founder and General Atlantic
Business|MidEast|Political|Technology|US

Trump poised to attend Saudi-backed conference in Miami in February, sources say

U.S.

Trump poised to attend Saudi-backed conference in Miami in February, sources say
Asia|Business|Economy|Europe|Fashion and Beauty|Political|Stock Markets

Shein poised to slash valuation to $50 billion in London IPO, sources say

Online fast-fashion retailer Shein is set to cut its valuation in a potential London listing to around $50 billion, said three

Shein poised to slash valuation to $50 billion in London IPO, sources say
Business|Entertainment|Europe|MidEast

ITV, RedBird IMI in early-stage talks to merge production businesses, sources say

British broadcaster ITV has been holding early-stage talks with Abu Dhabi-backed group RedBird IMI about a possible merger

ITV, RedBird IMI in early-stage talks to merge production businesses, sources say
Business|Economy|Finance|MidEast|Stock Markets

Investcorp could consider listing in 3-5 years, eyes US retirement savings

Investcorp could consider a public listing in the next three to five years, its vice chairman said on Friday, as the Middle

Investcorp could consider listing in 3-5 years, eyes US retirement savings
Business|Economy|Finance|MidEast|Stock Markets

Etihad to sound out investors as Gulf carriers race towards IPOs

Etihad Airways and flynas are gearing up to list on local stock markets this year, marking the first IPOs by Gulf

Etihad to sound out investors as Gulf carriers race towards IPOs
Business|Finance

Saudi Arabia's STC Group to become Telefonica top shareholder with 9.9% stake

Saudi Arabia's STC Group has amassed a 9.9% stake in Telefonica worth 2.1 billion euros ($2.25

Saudi Arabia's STC Group to become Telefonica top shareholder with 9.9% stake
MidEast|News|World

Hamas' cash-to-crypto global finance maze in Israel's sights

Palestinian militant group Hamas uses a global financing network to funnel support from charities and friendly

Hamas' cash-to-crypto global finance maze in Israel's sights
Business|Economy|Finance|World

Wall Street leaders appear at Saudi conference amid conflict

Wall Street's top financiers showed up in force at an annual financial conference in Saudi Arabia on Tuesday despite broad concerns over travel in the

Wall Street leaders appear at Saudi conference amid conflict
Business|Economy|Finance|News

As Israel-Hamas war rages, global finance chiefs in Saudi sound gloomy note

Wall Street's top financiers struck a pessimistic tone about the global economy at a flagship gathering in Saudi Arabia aimed at deal brokering,

As Israel-Hamas war rages, global finance chiefs in Saudi sound gloomy note
Business|Economy|Finance

Saudi's Kingdom Holding buys $450 million stake in Citigroup from Alwaleed

Saudi Arabian Prince Alwaleed Bin Talal's investment company Kingdom Holding said on Wednesday it raised its ownership in Citigroup to 2.2% after acquiring from

Saudi's Kingdom Holding buys $450 million stake in Citigroup from Alwaleed
Business|Finance|MidEast|News|US

Exclusive-Apollo in talks for AlShaya Starbucks franchise, sources say

U.S private equity firm Apollo Global Management Inc is in talks to buy a minority stake in the Middle East,

Exclusive-Apollo in talks for AlShaya Starbucks franchise, sources say
Business|Economy|MidEast

Exclusive-Starbucks Middle East franchisee AlShaya to cut over 2,000 jobs, sources say

Gulf retail giant AlShaya Group, which owns the rights to operate Starbucks in the Middle East, plans to lay off over 2,000 people as the business takes a hit

Exclusive-Starbucks Middle East franchisee AlShaya to cut over 2,000 jobs, sources say
Business|Economy|Finance

Saudi Aramco maintains $31 billion dividend despite lower Q1 net income

Saudi Arabia's state oil giant Aramco expects to pay $31 billion in dividends to the Saudi government and its shareholders despite reporting lower earnings for the

Saudi Aramco maintains $31 billion dividend despite lower Q1 net income
Business|Finance|Stock Markets

Saudi Arabia plans Aramco share sale as soon as June, sources say

Saudi Arabia is planning a multi-billion-dollar share sale in energy giant Aramco as soon as June in what would be one of the region's

Saudi Arabia plans Aramco share sale as soon as June, sources say
Business|Finance|News|Stock Markets

Saudi Arabia sets up new Aramco share sale that could raise $13.1 billion

Saudi Arabia's government on Thursday filed papers to sell a new stake in state oil giant Aramco that could raise as much as $13.1

Saudi Arabia sets up new Aramco share sale that could raise $13.1 billion
Business|Economy|Finance|Stock Markets

Investors flock to Aramco share sale that could raise $13 billion

Saudi Arabia's sale of shares in oil giant Aramco drew more demand than the stock on offer within hours of kicking off on Sunday, a

Investors flock to Aramco share sale that could raise $13 billion
Business|Economy|Finance

Saudi Arabia set to raise $11.2 billion selling Aramco shares at lower end of expectations

Saudi Arabia is poised to raise more than $11.2 billion selling shares in oil giant Aramco to help fund its spending plans, after

Saudi Arabia set to raise $11.2 billion selling Aramco shares at lower end of expectations
Business|Finance|Stock Markets

Etihad Airways plans IPO no earlier than 2025, sources say

Abu Dhabi's Etihad Airways plans to make its stock market debut no sooner than 2025, two people familiar with the

Etihad Airways plans IPO no earlier than 2025, sources say
Business|Economy|Finance|MidEast|World

AlShaya Starbucks franchise stake sale talks on hold, sources say

The sale of a stake in the Middle East, North Africa and central Asia Starbucks franchise operated by Kuwait's AlShaya Group is on hold,

AlShaya Starbucks franchise stake sale talks on hold, sources say
Business|Finance

General Atlantic plans Abu Dhabi office by year-end, sources say

General Atlantic plans to open an Abu Dhabi office by the end of the year and move a dealmaker from London as an inaugural

General Atlantic plans Abu Dhabi office by year-end, sources say
Business|Finance|Stock Markets|Technology

Online retailer Shein to hold roadshows soon ahead of London IPO, sources say

Shein is set to hold informal investor meetings in the coming weeks for its planned London initial public offering (IPO),

Online retailer Shein to hold roadshows soon ahead of London IPO, sources say
Business|Finance

Dubai and Abu Dhabi race to lure world's wealth managers

Abu Dhabi is emerging from Dubai's shadow as it attracts its own share of asset managers' and billionaires wealth, helping

Dubai and Abu Dhabi race to lure world's wealth managers
Business|Economy|Finance

Global financiers head to Riyadh investment bash in shadow of war

Global financiers are poised to flock to Saudi Arabia's annual flagship investment conference next week as a tightening of the kingdom's purse

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