Saudi Arabia s Public Investment Fund (PIF) and Saudi Telecommunications Company (stc Group) have signed definitive agreements whereby PIF will acquire a 51% stake in Telecommunication Towers Company Limited...

Kuwait s banking sector witnessed healthy year-on-year growth observing notable increase across multiple identified key performance indicators such as net provision charge on loans capital adequacy ratio...

The UAE Ministry of Finance (MoF) has launched a digital public consultation to gather the views of stakeholders on the potential implementation of a Research & Development (R&D) Tax Incentive under the...

SNB Capital has led the buyside advisory on Abu Dhabi National Insurance Company (ADNIC) s SR499 million ( 133 million) acquisition of 51% of the share capital of Allianz Saudi Fransi Cooperative Insurance...

Businesses in EMEA now bear a cost of fraud that is 3.90 times the face value lost in fraudulent transactions says LexisNexis Risk Solutions. Unveiling the findings of its 2023 LexisNexis True Cost of...

Samsung Electronics Company Ltd has been named the number one signage manufacturer for the fifteenth consecutive year by market research firm Omdia once again demonstrating its leadership in the global...

Codebase Technologies a UAE homegrown financial technology platform provider has announced the launch of its Digibanc SME Financing platform to address the needs of underserved MSME s across Mena and APAC....

Mantra has launched its new incubation programme at the Dubai World Trade Centre (DWTC) following an 11 million funding round led by Shorooq Partners. This programme is part of Mantra s effort to contribute...

Beyon Money part of the Beyon Group has announced a partnership with Medical.BH to benefit its customers who book and pay for health services using a Beyon Money card with up to 5% unlimited cashback....

Shuaa Capital a leading asset management and investment banking platform in the region has reached an agreement with its noteholders to facilitate the amendment of the terms of its outstanding 150 million...

Abu Dhabi Global Market (ADGM) has clinched the top spot as the Most Trusted Financial Centre Brand Middle East for 2024 at the distinguished Global Brand Awards. The esteemed Global Brand Awards an annual...

S&P Global Ratings expects GCC insurers top-line growth to range between 5% and 15% in 2024 with Saudi insurers likely to expand at the fastest pace. The top-line growth of insurers in Gulf Cooperation...

Top telecom services operator stc Bahrain has signed a strategic partnership deal with HPE Aruba Networking as part of its efforts to enhance Wi-Fi and Networking technology offerings in the kingdom. stc...

Sukuks are expected to grow further through the remainder of 2024 albeit slowed from 1Q24 and the GCC debt capital market (DCM) is well on its way to cross 1 trillion outstanding says a Fitch Ratings report....

Bank Lombard Odier & Co Ltd has announced the appointment of Ali Janoudi as Head of the New Markets region as of April 1 2024. Based in Geneva he becomes a Limited Partner and reports to Frédéric Rochat...

Bahrain s Labour Fund (Tamkeen) in partnership with Bahrain Polytechnic has announced the launch of the second phase of its Cloud Innovation Centre (CIC) programme. The initiative aims to enhance the cloud...