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Fintech Galaxy receives in-principle approval to operate as Open Finance provider

Fintech Galaxy has announced that it has received In-Principle Approval (IPA) from the Central Bank of the United Arab Emirates (CBUAE) to operate as an Open Finance provider in the UAE. The approval marks...

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Oraseya Capital partners with NQubator to support early‑stage startups

Oraseya Capital the investment arm of Dubai Integrated Economic Zones Authority (DIEZ) has signed a memorandum of understanding (MoU) with NQubator an innovation platform for early-stage tech venture creation...

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Dubai Chambers in deal with India's Nasscom to boost co-operation in Agentic AI

Dubai Chambers has announced that it has signed an agreement with the National Association of Software and Service Companies (Nasscom) to advance co-operation in Agentic AI and support the growth and expansion...

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UAE says trade and financial transactions with Iran halted

The UAE has said that all trade commercial exchanges and financial transactions with Iran have been halted until further notice in light of regional escalations that undermine regional and international...

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SAB Invest launches new select equity fund for global investors

SAB Invest a leading investment firm in Saudi Arabia and a unit of Saudi Awwal Bank (SAB) has announced the launch of a new open-ended shariah-compliant public fund designed to provide investors with access...

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PIF delivers $120bn revenue in 2025; net profit doubles to $17bn

Saudi Arabia s Public Investment Fund (PIF) said in 2025 its revenue rose 9% year-on-year to 120 billion while net profit more than doubled to 17 billion supported by stronger contributions from maturing...

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AI investment rising, but half of firms struggle to benefit, says study

About 80% of organisations expect AI spending to increase over the next two years yet more than half struggle to operationalise the business knowledge AI needs to deliver business value finds a new study....

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Saudi Arabia rolls out insurance cover for crowded venues, high-risk activities

Saudi Arabia s Insurance Authority and General Directorate of Civil Defense today (August 16) launched a third-party cooperative insurance policy for crowded venues and high-risk activities. The policy...

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Hili Forum to focus on Gulf conflict, consequences

The Emirates Center for Strategic Studies and Research (ECSSR) and the Anwar Gargash Diplomatic Academy (AGDA) have launched the third edition of the annual Hili Forum which will take place in Abu Dhabi...

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Oraseya Capital partners with NQubator to support early‑stage startups

Oraseya Capital the investment arm of Dubai Integrated Economic Zones Authority (DIEZ) has signed a memorandum of understanding (MoU) with NQubator an innovation platform for early-stage tech venture creation...

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AmiViz to showcase advanced technologies at LEAP 2026

AmiViz a leading consultative value-added distributor in the Middle East will showcase advanced cybersecurity AI-security and data & resilience technologies designed to support Saudi Arabia s rapidly evolving...

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Cloudflare brings AI security and agentic infrastructure vision to LEAP 2026

Cloudflare a leading connectivity cloud company will showcase its vision for a more secure connected and AI-driven Internet at LEAP 2026 taking place in Riyadh from 31 August to 3 September. As Saudi Arabia...

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UAE firms’ AI spending up, but execution gaps emerge: study

There is a major disconnect between organisations Artificial Intelligence (AI) spending and execution in the UAE says a new study that highlights massive increase in spending. Despite a 105% year-on-year...

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UAE banking system’s total assets rise 17.1% to AED5.3 trillion in 2025

The UAE banking system s total assets increased by 17.1 percent to AED5.3 trillion at the end of 2025 while the loan portfolio expanded by 17.8 percent primarily driven by increased domestic lending particularly...

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Accenture returns to LEAP 2026 as Gen AI Partner

Accenture will participate in LEAP 2026 in Riyadh as the event s Gen AI Partner using its presence across the four days to discuss with clients and partners how organisations move AI from experimentation...

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National Bank of Bahrain names new equal opportunities committee

The National Bank of Bahrain (NBB) a leading financial institution in the kingdom has appointed a new Equal Opportunities Committee to boost its governance framework and promote inclusion across its operations...

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