Broad Rally in U.S. Stocks

The Abraaj Group acquires 100% stake in leading African business
The Abraaj Group, a leading investor operating in growth markets, today announced its agreement to acquire a 100% stake in Fan Milk International (“FMI”), West Africa’s market leading manufacturer a

Saudi banking sector - rerating of valuations closer says NCB Capital
"The outlook on Saudi banks remains strong despite the marginal downward revisions in our estimates," reported NCB Capital. "We do not incorporate the recent rise in the yields of the US10Y Treasurie

Dubai is home to the world's most sustainable building
The Change Initiative, a UAE-based sustainability venture, has been awarded the LEED® Platinum certification, which basically means it is the most sustainable building in the world today.

Port of Salalah, APL enter into new era of partnership
Port of Salalah and APL, one of the largest container vessels in the world, entered into a new era of partnership with the arrival of APL Salalah, the container vessel named after the Sultanate of Om

RAM Ratings upgrades MRCB Southern Link's sukuk ratings
RAM Ratings has upgraded the respective long-term ratings of MRCB Southern Link Berhad’s Senior and Junior Sukuk to BBB3 and BB1 (both from C3). Concurrently, the ratings have been put on Rating Watc