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Saudi banks post mixed 3Q as provisions catch up with Al Rajhi, SNB, and others

Saudi banks leaned on financing spreads in 3Q — funding costs falling faster than asset yields at Al Rajhi and Riyad Bank — but ...
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Arada enters Saudi Arabia, targeting 100k homes over three to five years

Sharjah developer Arada is making its Saudi debut with a USD 3.8 bn residential project in Riyadh, according to a press release. The company plans to develop 100k homes across the Kingdom over the ...
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DAE completes a second United sale-and-leaseback, and Egypt and Russia move on their Sokhna industrial zone

Dubai Aerospace Enterprise (DAE) has completed a second 10-aircraft sale-and-leaseback with United Airlines, this time through its Equator and Mustang investment platforms, according to a company ...
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Nakilat’s 3Q net income slips 4% as JV earnings fall, while GWC’s jumps 37%

GWC’s international revenue doubled as it rerouted around the regional disruption, while Nakilat kept spending on its fleet ...
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TODAY: Warships as a buy signal + Maersk’s Suez timeline

Before we sign off, our big story looks at how TotalEnergies’ traders read US warships in the Gulf as a buy signal and made more than USD 1 bn on barrels outside Hormuz. A former Petronas head of ...
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JLL raises Saudi construction cost forecast as copper and aluminum prices surge

Saudi construction cost inflation has more than doubled in a year and is set to stay elevated through 2027. JLL has raised its tender price inflation forecast for 2026 to 5%, up from an earlier ...
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Stranded fertilizer and costly diesel could cut global harvests in 2027

Disrupted Gulf fertilizer shipments, expensive diesel, and one of the strongest El Niño events on record could combine into a food security crisis, the S&P Global Institute warns in its first major ...
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How oil majors’ trading desks came out ahead of the Hormuz shock

The windfall went to traders who already had the ships, storage, and balance sheet to act on what they saw coming ...
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THIS MORNING: Dakar Rally Moves From Saudi Arabia to Africa

Good morning, friends. A handful of banks reporting their third-quarter earnings share a common thread: earnings growth is coming out of the spread now, ...
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French bond spreads hit their widest gap since the 2011 crisis, reviving the eurozone’s bank-sovereign “doom loop” debate

The gap between French and German borrowing costs has widened to levels not seen since the eurozone’s sovereign debt crisis. That revives a question the bloc thought it had settled: whether one member ...
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Maersk tells the SCA it hopes to have all its services back on the Suez Canal by March 2027

Good morning, friends. All that glitters isn’t gold on the consumer finance front. The FRA decided bullion and jewelry count as investments, not consumer ...
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Smart ring market Oura puts roots down in Abu Dhabi

The Future Health Summit is in full swing in Abu Dhabi as it enters its final day, bringing together healthcare players from around the world. One such name is smart ring maker Oura, which is putting ...