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Saviynt tops $300m in ARR, launches AI identity security platform

Saviynt a leading provider of identity security solutions announced significant business momentum surpassing 300 million in annual recurring revenue while growing bookings by more than 80% and maintaining...

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UAE gross banking credit rises in May, assets increase 1.1%

The UAE gross banks assets improved by 1.1% from AED5 570.1 billion ( 1516.71 billion) at the end of April 2026 to AED5 633.1 billion at the end of May 2026 said a UAE Central Bank report. The gross credit...

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Philippines' Globe partners with e& to strengthen voice services

e& Carrier & Wholesale Services (C&WS) the international wholesale arm of global technology group e& and Globe a leading telecommunications operator in the Philippines today announced a strategic partnership...

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Jada Fund of Funds backs $200m fund to support Saudi SMEs

Jada Fund of Funds a wholly owned subsidiary of the Public Investment Fund established to develop Saudi Arabia s private capital ecosystem across venture capital private equity and private debt has announced...

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Dubai partners with Swiss group Julius Baer to attract global wealth

The Dubai Department of Economy and Tourism (DET) has signed a strategic agreement with Swiss wealth manager Julius Baer (Middle East) to mobilise its global network and support the growing interest among...

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Zain Bahrain partners with Ericsson to deploy AI in 5G network

Zain Bahrain a leading Bahraini provider of innovative technologies and digital lifestyle experience said it has successfully deployed Artificial Intelligence (AI) capabilities within its live 5G radio...

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ADCB reports record H1 pre-tax profit of $2bn, up 28%

ADCB a leading UAE bank has reported record H1 26 profit before tax of AED7.607 billion ( 2.07 billion) up 28% YoY amid a resilient operating environment in the country. The bank also delivered record...

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$24.5bn: Saudi Arabia accounts for 84% of Middle East dividend payouts

Saudi Arabia was the region s largest dividend payer distributing an estimated 24.5 billion during the first quarter and accounting for almost 84% of all Middle East dividends according to a new report....

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Emirates Stallions Group posts $208.77m revenue, 44% net profit growth in H1

Emirates Stallions Group (ESG) a leading UAE-based diversified conglomerate and subsidiary of IHC today reported an 8% year-on-year increase in revenue to AED766.69 million ( 208.77 million) for the six...

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Dubai launches 2026 economic survey as GDP nears AED1 trillion

Dubai s economy continued its strong growth trajectory in 2025 with gross domestic product (GDP) at current market prices rising to an estimated AED972 billion ( 264.67 billion) from AED890 billion in...

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Cisco introduces new 'super-efficient' AI models to detect software vulnerabilities

Cisco has introduced Antares a family of small language AI models (SLMs) purpose-built to tackle one of the most difficult and time-consuming challenges in cybersecurity: finding hidden security flaws...

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BlueFive Capital boosts Mideast leadership with senior appointment

BlueFive Capital the global investment platform with more than 15 billion in assets under management today (July 27)announced the appointment of Marwan Elaraby as its new President for Mena region effective...

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GCC countries secure top global rankings in competitiveness report

The GCC states strengthened their position among the world s most competitive economies in 2026 with the UAE Qatar Bahrain Saudi Arabia Kuwait and Oman each ranking among the global leaders in key indicators...

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FAB H1 profit before tax hits $3.59bn, up 3%

First Abu Dhabi Bank (FAB) the UAE s global bank and one of the world s largest and safest financial institutions delivered a strong performance in the first half of 2026. In Q2 26 profit before tax rose...

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Beyon ranked third among Middle East’s best workplaces in technology

Beyon has been ranked third among the Best Workplaces in Technology in the Middle East for 2026 according to Great Place to Work Middle East in recognition of its commitment to fostering a workplace culture...

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Emirates NBD delivers record H1 pre-tax profit of $4.41bn, up 5%

Emirates NBD delivered a record financial performance in the first half of 2026 generating AED16.2 billion ( 4.41 billion) profit before tax up 5% year-on-year fuelled by a 13% increase in net interest...

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