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Beyout sets new price range; eyes over $2.5bn in IPO

Beyout Investment Group (Beyout), a regional pioneer in providing comprehensive human resources and project lifecycle support complemented by real estate services, has set the final offer price for its IPO at 500 fils per share, which

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Light industrial properties demand 'rises sharply' in Kuwait

The demand for light industrial properties in Kuwait’s West Abu Fatira Al-Herafia and Ardiya Al-Herafia areas has witnessed a sharp rise over the past five years, said a study by Kuwait International Bank (KIB).   

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Saudi chemical producers can fend off feedstock price hike: S&P

Chemical producers in Saudi Arabia should be able to withstand higher feedstock prices if a hike materializes in the fourth quarter of 2023, according to S&P Global Ratings.   The S&P statement comes foll

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Oil surge may force cbanks to hold rates higher for longer

Surging oil prices are likely to mean higher interest rates for longer as the price rally adds to inflationary pressures, warns the CEO of one of the world’s largest independent financial advisory, asset management and fintech organisati

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US gasoline average price tops $5 per gallon

The price of US gasoline averaged more than $5 a gallon (3.78 litres) for the first time on Saturday, data from the AAA showed, extending a surge in fuel costs that is driving inflation.   The national average pr

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Tonality vows stable prices for ceramic elements

Façade specialist Tonality will not make any price adjustments for its ceramic elements before the end of 2022 and can supply the building material reliably.    The Westerwald-based German company thu

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Saudi developer Retal sets new IPO price range

Retal Urban Development Company, a next generation Saudi development company, has announced that the price range for its initial public offering (IPO) has been set between SR112 ($30) and SR120 ($32) per share per share. 

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Rent and prices of UAE’s real estate forecast to rise in Q1

Residential and commercial spaces in the UAE are poised for a 7-9% increase in rent while luxury properties will see a 9-14% increase in price in the first quarter of 2022, forecasts Stones, a leading independent real estate consultancy. 

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Lanxess increases price of adipic acid

Specialty chemicals company Lanxess is raising its prices for adipic acid by EUR 90 ($107.66) per metric tonne globally with immediate effect. The reason for the adjustment is the significant rise in raw material costs over the past months.

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UAE capital markets maintain P/E ratio in July

The UAE financial markets have maintained their competitive edge in the Gulf and Middle East region over the past period, as their average Price Earnings Ratio (P/E Ratio) stood at 12.5 by end of July against 13.6 in the same month last year.

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