enterpriseam

The GCC railway would solve half of the Gulf’s Hormuz problem, and the half it can’t solve sits beyond the Gulf’s borders

How much of the Gulf’s Hormuz problem can a railway officially due in 2030 solve? Half, according to Afaq Hussain, a nonresident senior fellow with the Atlantic Council’s Project for Middle East ...
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Tadawul Group bottom line slides 42% on softer trading as Solutions holds steady

Quieter trading pulls Saudi Tadawul Group’s 3Q lower. Tadawul Group’s net income fell 41.8% y-o-y to SAR 48.1 mn in 3Q 2026, with the group flagging softer market activity tha ...
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CBD reports strong 2Q earnings + du remains resilient

Du reported a 9.8% y-o-y increase in 2Q 2026 net income to AED 797.8 mn, while revenue rose 4.6% to AED 4.1 bn, according to its financials (pdf). Stronger service revenue and cost discipline helped ...
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MENA's wheat buyers need up to 7 mn tons before year-end, and the Black Sea routes that would carry it are under attack

No relief is due until late December, when Argentina and Australia start shipping significant volumes of new-crop wheat ...
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DP World has negotiated an MoU on Churchill that covers port operations + a possible corridor to inland ports

DP World is set to sign on to Canada’s plan to turn its remote Arctic Port of Churchill into an export gateway to Europe and the Middle East, Bloomberg reports, citing two people it says are familiar ...
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Recovering oil flows ease physical prices, while escalation fears lift futures

Middle East crude exports have recovered above pre-war levels, but oil markets are still bracing for another escalation. Regional exports have averaged 17.3 mn bbl / d so far in October, up from 16.4 ...
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A third Asian host

Good morning, friends. The Gulf is building its backup plan for Hormuz in steel and rock, and this morning we look at who’s building ...
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Gulf companies are moving into Iraq’s overland route to the Mediterranean

Gulf companies are moving into the overland route between Iraq and the Mediterranean, with Qatari firms working on the road, the fuel supply, and a planned pipeline, and Abu Dhabi weighing a link of ...
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Magellan Capital launches asset-backed SME fund, targets USD 250 mn in AUM

Dubai-based Magellan Capital launched a new open-ended credit fund targeting SME and individual borrower financing across the GCC and Europe, with USD 50 mn in seed capital and an AUM target north of ...
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An exploration of the real economics behind an Egyptian film

This year’s El Gouna Film Festival wraps up tonight, but behind its red carpet sits an industry where a hit film at home can still lose money. A mid-budget Egyptian feature now costs an average of EGP ...
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GCC strategy roles grow as companies build in-house rather than call consultants

Consultancies are facing AI-driven pressure and a demand slowdown, with Cooper Fitch expecting only a partial consulting rebound in 2027 ...
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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 ...