Economy

Saudi Arabia is in talks to acquire Qatari broadcaster BeIN Sports, marking a significant potential shift in Middle East sports media. The deal is in line with the Kingdom's growing investment in sports, both regionally and globally.

Saudi Aramco CEO Amin Nasser remains optimistic about China’s oil demand amid ongoing energy transition challenges, citing growth in liquid-to-chemical projects. Nasser emphasised the importance of a balanced energy mix for developing countries, where oil demand remains strong.

The strong bullish trend in the Pakistan Stock Market continues, with the 100 Index gaining over 600 points, crossing the 86,700 points mark. This surge in the stock market is primarily driven by growing investor confidence and economic stability.

Qatar Chamber has slashed fees for services to encourage local businesses and attract foreign investment. The decision is part of Qatar’s broader strategy to promote economic diversification and strengthen its position as a regional business hub.

First Abu Dhabi Bank (FAB) reported a Q3 profit of AED 4.46 billion, exceeding estimates due to higher revenue growth, despite a rise in impairment charges. Total assets grew to AED 1.2 trillion, reinforcing FAB’s position as the largest lender in the UAE.