One of Dubai’s leading real estate tycoons will take charge of Dubai Holding, the investment vehicle of the emirate’s ruler, which has a $35 billion portfolio of assets in over 20 countries, the Dubai government said on Sunday.
Abdulla Al-Habbai was chosen as chairman of the investment conglomerate by Sheikh Mohammed bin Rashid Al-Maktoum, vice-president and prime minister of theRead more
Saudi Arabia’s petrochemical stocks rallied on Wednesday after Brent crude oil firmed over $51 a barrel.
Tadawul All-Share Index closed up 1.1 percent as the petrochemical sub-index rose 3.4 percent with all 14 listed producers advancing. Yanbu National Petrochemicals (Yansab) jumped 5.9 percent to SR46.80 and National Petrochemical surged 8.2 percent to SR15.15.
Analysts at NCB Capital said in aRead more