Backed by the Public Investment Fund, Qiddiya is the centerpiece of Crown Prince Mohammed bin Salman’s push to diversify the economy and reshape social life in the kingdom.
Friday, 20 February 2026
F1, Six Flags: #SaudiArabia Bets $32 Billion on Entertainment Hub - Bloomberg
F1, Six Flags: Saudi Arabia Bets $32 Billion on Entertainment Hub - Bloomberg
#UAE markets fall amid growing US-Iran tensions | Reuters
UAE markets fall amid growing US-Iran tensions | Reuters
Stock markets in the United Arab Emirates declined on Friday as investors weighed growing geopolitical tensions after the U.S. said Iran will suffer if it does not agree a deal on its nuclear activity in a matter of days.
U.S. President Donald Trump said on Thursday that "really bad things" would happen if Tehran does not come to an agreement to curtail its nuclear programme. Trump set a deadline of 10 to 15 days.
Abu Dhabi's benchmark index (.FTFADGI), opens new tab slipped 0.3%, pressured by a 2.6% decline in real estate heavyweight Aldar Properties (ALDAR.AD), opens new tab and a 1.4% decrease in Agility Global (AGILITY.AD), opens new tab.
Aldar Properties said it had issued $1 billion in subordinated hybrid notes to Apollo Global Management (APO.N), opens new tab through a private placement.
However, agro-food investor Invictus (INVICTUS.AD), opens new tab jumped 1.6% after the firm recorded a 34% increase in its full-year profit to 225.9 million dirhams ($61.51 million).
Dubai's main market (.DFMGI), opens new tab closed 0.3% lower; Dubai Islamic Bank (DISB.DU), opens new tab fell 2.2% and top lender Emirates NBD Bank (ENBD.DU), opens new tab dropped 0.7%.
Oil prices — a key catalyst for the Gulf's financial market — eased 0.4% to $71.38 a barrel after two sessions of gains.
Stock markets in the United Arab Emirates declined on Friday as investors weighed growing geopolitical tensions after the U.S. said Iran will suffer if it does not agree a deal on its nuclear activity in a matter of days.
U.S. President Donald Trump said on Thursday that "really bad things" would happen if Tehran does not come to an agreement to curtail its nuclear programme. Trump set a deadline of 10 to 15 days.
Abu Dhabi's benchmark index (.FTFADGI), opens new tab slipped 0.3%, pressured by a 2.6% decline in real estate heavyweight Aldar Properties (ALDAR.AD), opens new tab and a 1.4% decrease in Agility Global (AGILITY.AD), opens new tab.
Aldar Properties said it had issued $1 billion in subordinated hybrid notes to Apollo Global Management (APO.N), opens new tab through a private placement.
However, agro-food investor Invictus (INVICTUS.AD), opens new tab jumped 1.6% after the firm recorded a 34% increase in its full-year profit to 225.9 million dirhams ($61.51 million).
Dubai's main market (.DFMGI), opens new tab closed 0.3% lower; Dubai Islamic Bank (DISB.DU), opens new tab fell 2.2% and top lender Emirates NBD Bank (ENBD.DU), opens new tab dropped 0.7%.
Oil prices — a key catalyst for the Gulf's financial market — eased 0.4% to $71.38 a barrel after two sessions of gains.
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