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News
THIS MORNING: UAE looks beyond GCC-UK trade agreement + Adia to cash in on Jersey Mike’s US IPO
11+ hour, 26+ min ago (1335+ words) Good morning, everyone. The job market may be showing signs of cooling, but that hasn’t stopped dealmakers or the UAE’s trade diplomacy push. Our Big Story today is a contraction in UAE hiring for the first time in over four…...
Cairo’s rooftop farming didn’t die, it moved upmarket
11+ hour, 17+ min ago (180+ words) Our weekly deep-dive into infrastructure in Egypt, Published every Wednesday in EnterpriseAM. Published every Monday in EnterpriseAM. Ownership is the deeper obstacle. In many Cairo apartment buildings, roofs are shared spaces with unclear rights. Residents disagree over who can use…...
Mawani inks seven agreements to expand Jeddah's logistics capacity
8+ hour, 41+ min ago (155+ words) Mawani to build out storage and inland capacity: The Saudi Ports Authority (Mawani) has signed seven agreements worth a combined SAR 1 bn to build and expand logistics centers at Jeddah Islamic Port and the Al Khumrah zone, according to a…...
Treasury issues first-ever floating-rate treasury notes
11+ hour, 17+ min ago (236+ words) The new tool gives the Treasury greater flexibility by “linking the yield to the CBE’s corridor rate, plus a fixed margin, since funding costs decline automatically if interest rates fall,” EG Bank board member Mohamed Abdel Aal tells EnterpriseAM. The…...
Yemen's Houthis declare naval blockade on Saudi Arabia
8+ hour, 41+ min ago (448+ words) Yemen’s Houthis declared a naval blockade on Saudi Arabia yesterday, effective immediately. Military spokesperson Yahya Saree named the Kingdom directly, framing the move as an “eye for an eye” response to what the Houthis call a Saudi siege on Yemen....
TODAY: Houthis blockade Saudi Red Sea trade
8+ hour, 48+ min ago (593+ words) On a slightly more positive note from the Kingdom: Mawani just signed seven agreements worth SAR 1 bn to expand logistics centers at Jeddah Islamic Port and Al Khumrah. The Kingdom's port-based logistics footprint now stands at 34 centers — 17 in Jeddah alone…...
UAE’s aerospace firm Sanad reports record 1H revenue
8+ hour, 41+ min ago (168+ words) Sanad posts record 1H revenue: Mubadala’s aerospace engineering and leasing arm Sanad Group reported 1H revenue of AED 4.31 bn, up 35% y-o-y, according to a press release. International customers accounted for 99% of the total, and the company signed eight new commercial agreements worth…...
Morgan Stanley turned the AI buildout into a bond market
11+ hour, 26+ min ago (452+ words) Wall Street has quietly built a new bond market on top of the AI buildout, and Morgan Stanley is selling most of the paper, the Financial Times reports. The bank cracked a specific problem: how to get mainstream bond buyers…...
BoA taps HSBC veteran as MENA corporate bank lead
11+ hour, 26+ min ago (108+ words) Bank of America (BoA) has appointed a new corporate banking head for the Middle East and North Africa (MENA), it said in a press release. Khaled Darwish (LinkedIn) will be based in Dubai and will join BoA from HSBC, where…...
Houthis blockade Saudi Red Sea trade
10+ hour, 31+ min ago (1814+ words) Tuesday, 21 Jul 2026 WHAT WE’RE TRACKING TODAY The EnterpriseAM Egypt Forum is back — and this year, we're giving the full day to the one question on every business leader's mind: What does AI actually mean for your company, your people, and…...