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News
UAE tourism jobs are falling six times slower than visitor spending
2+ hour, 52+ min ago (184+ words) That gap is what the WTTC means when it calls employment sticky. “It does not necessarily fall to the same extent as spending,” the council tells EnterpriseAM. Operators are holding onto trained staff through a shock they expect to be…...
Dubai-born Enhance raises USD 18.2 mn for US expansion
2+ hour, 52+ min ago (255+ words) Dubai-born fitness tech platform Enhance secured USD 18.2 mn in a combined equity and venture debt round to grow its operational footprint across the US from its current 700+ locations, according to a press release (pdf). The equity tranche was led by…...
Kipco moves 36.3% of JTC Logistics to Napesco
23+ hour, 42+ min ago (257+ words) Kipco is reshuffling its ownership of JTC Logistics: Kuwait Projects Company Holding (Kipco) has agreed to sell a 36.3% stake in JTC Logistics Transportation & Stevedoring to its 53.9%-owned subsidiary National Petroleum Services Company (Napesco) for KWD 30 mn, according to a disclosure…...
About 88% of MENA VC capital raised since 2024 is still on the sidelines
2+ day, 20+ hour ago (258+ words) MENA venture capital dry powder tops USD 1.45 bn, but nine of every 10 committed USD is still on the sidelines. MENA-focused venture funds have deployed just USD 197 mn of the USD 1.64 bn raised across 17 vehicles since 2024, according to a Magnitt report…...
Warsh breaks with Powell-era practice at Jackson Hole - KSA
3+ day, 5+ hour ago (177+ words) Asian share markets dropped earlier today following renewed military conflict between the US and Iran. Escalating geopolitical tensions, alongside rising bond yields, dragged South Korea’s Kospi down 1.8% and Japan's Nikkei down 1.7% while the MSCI Asia-Pacific index — excluding Japan — declined by…...
Warsh breaks with Powell-era practice at Jackson Hole
3+ day, 2+ hour ago (143+ words) Asian share markets dropped earlier today following renewed military conflict between the US and Iran. Escalating geopolitical tensions, alongside rising bond yields, dragged South Korea’s Kospi down 1.8% and Japan's Nikkei down 1.7% while the MSCI Asia-Pacific index — excluding Japan — declined by…...
One labor framework, company-level rulebooks
4+ day, 2+ hour ago (1679+ words) Sunday, 30 Aug 2026 Good morning, friends. Egypt is on the global stage this morning. Next up: An opportunity: Chinese President Xi Jinping is set to arrive in Egypt in the coming days for his first state visit in a decade. In…...
UAE corporate bond spreads are wider than at the peak of the war
1+ week, 1+ day ago (536+ words) Abu Dhabi's 10-year yield is still the second-lowest in the Gulf, rising to about 5.2% by 21 August, after Qatar's 5% — up from roughly 4.5% in January. The Treasury backdrop: The 10-year Treasury yield hit a 20-month high of 4.75% last week before easing to…...
Trade surplus falls 10% in June as oil exports slip
1+ week, 1+ day ago (296+ words) The merchandise trade surplus fell 10% y-o-y in June, due to a drop in both oil and merchandise exports, coming off a 328.8% surge in May and marking the first decline since February, according to data (pdf) from the General Authority for…...
Regional central banks are in a synchronized rate hold
1+ week, 2+ day ago (127+ words) We may have early signals about the direction of the Fed later this week, when Chair Kevin Warsh delivers his first Jackson Hole keynote on Friday. IN CONTEXT- A hike would move the GCC pegs within 24 hours and tighten the…...