The central banks of Bahrain and the UAE have decided to cut their overnight deposit rate by 25 basis points. The Central Bank of Bahrain (CBB) said it cut the overnight deposit rate from 5.00% to 4.75%...

The total financing provided by Saudi Arabia s Social Development Bank (SDB) from the beginning of the year until the third quarter reached SAR6.5 billion ( 1.73 billion) benefiting more than 90 000 citizens...

Al-Futtaim a regional retail powrhouse has acquired a 49.95% stake in Cenomi Retail a leading retail brand in Saudi Arabia for a total consideration of SAR2.52 billion ( 686 million) at SAR44 per share....

Sharjah recorded 74 foreign direct investment (FDI) projects in the first half of this year a 57% surge from the 47 projects in the same period last year the Sharjah FDI Office (Invest in Sharjah) has...

Creators HQ the first content creator hub in the UAE and the Middle East and part of Visioneers announced its collaboration with YouTube to launch the first YouTube Academy in the Middle East & North Africa....

Abu Dhabi National Oil Company (Adnoc) announced on Thursday that it will transfer its equity stakes in its listed companies to XRG (XRG) Adnoc s wholly-owned international energy investment company. Adnoc...

National Bank of Bahrain (NBB) has appointed Bassam Al Tattan as Head of Private Banking. Bassam brings with him over 17 years of experience in the financial services sector across the GCC. Prior to joining...

Saudi Arabia s Capital Market Authority (CMA) board has approved the regulatory framework enabling capital market institutions licensed for arranging activities to offer debt instruments in the sukuk and...

Batelco by Beyon has announced the launch of Eco-SIM cards made from 100% recycled plastic becoming the first operator in the Kingdom of Bahrain to introduce this environmentally friendly innovation. This...

ADQ Abu Dhabi s sovereign investor focused on critical infrastructure and global supply chains and Azerbaijan Investment Holding (AIH) have signed a memorandum of understanding to explore avenues of collaboration...

Beyond ONE a digital services provider reshaping the personalised digital ecosystems of consumers in emerging markets celebrated the official opening of its new Riyadh office signalling a major milestone...

Invest Qatar the Investment Promotion Agency of Qatar conducted a series of high-level business engagements last week in Hong Kong. The meetings took place during its participation at the Asia Leaders...

The GCC Interconnection Authority (GCCIA) and Sohar International Bank have signed a 500 million interim financing agreement to support the implementation of a direct electricity interconnection project...

Rasmal Ventures a Qatar-based leading venture capital fund with backing from the Qatar Investment Authority (QIA) has announced its investment in NEXX a Hong Kong and Qatar-based AI-driven logistics technology...

The AI Academy a regional hub for executive education and leadership in artificial intelligence has opened early applications for its Executive Program for Chief AI Officer (CAIO). The AI Academy was first...

Dubai Design Week the region s leading design festival will return for its 11th edition from November 4 to 9 under the patronage of Sheikha Latifa bint Mohammed bin Rashid Al Maktoum Chairperson of Dubai...