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Lenovo launches modular DaaS for sustainability

Lenovo has introduced TruScale Device as a Service (DaaS) for Sustainability a modular solution that helps enterprises advance sustainability goals while modernising IT. The solution gives organisations...

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NetApp appoints new GM to lead Saudi growth strategy

NetApp the intelligent data infrastructure company has appointed Saeed Al-Zahrani as General Manager for Saudi Arabia to further reinforce its commitment to the kingdom s digital transformation agenda....

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DIB reports robust H1, balance sheet tops $100bn

Dubai Islamic Bank (DIB) reported another robust performance in the first half of 2025 with operating revenue of AED6.4 billion ( 1.74 billion) driving a 16% YoY increase in pre-tax profit to AED4.3 billion....

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Aligning family values with professional governance is key: Nisha Jagtiani

With family businesses forming the backbone of the GCC economy the importance of aligning family values with professional governance structures was highlighted by Nisha Jagtiani Group Director and Board...

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Dubai Centre for Family Businesses offers three new advisory services

The Dubai Centre for Family Businesses which operates under the umbrella of Dubai Chambers has launched three new specialised advisory services to support the sustainable growth of family businesses. The...

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Mumtalakat acquires stake in BlueFive Capital

BlueFive Capital a global investment platform announced today that Bahrain Mumtalakat Holding Company the sovereign wealth fund of the Kingdom of Bahrain has acquired a stake in the firm underscoring Mumtalakat...

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Sharjah IGCF forum to focus on power of communication

Sharjah will host the 14th edition of the International Government Communication Forum (IGCF) on September 10 and 11 2025 under the theme Communication for Quality of Life. The forum will take place at...

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Solidarity raises $32m through Bahrain's first shariah issuance

Solidarity Bahrain a leading Islamic insurance provider has announced that it successfully raised BD12 million ( 32 million) through the issuance of the kingdom s first shariah-compliant non-voting non-cumulative...

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Tamkeen seeks applications for business accelerator program

Bahrain s Labour Fund Tamkeen and Salica Investments have announced that applications for the third cohort of the Riyada Business Accelerator Program are now open until September 30. The programme is designed...

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Mideast startups start setting trends: entrepreneur

Middle East tech startups are attracting global attention showing the region is capable of setting trends instead of just following them with the UAE proving to be a key launchpad for success says a Dubai-based...

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Alkhabeer Capital, Awraaq Digital launch Block Trade Negotiation System

Alkhabeer Capital the financial institution specialising in Shari a-compliant financial services and brokerage services has announced the launch of a cutting-edge Block Trade Negotiation System in strategic...

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Tarabut secures in-principle approval from Central Bank of the UAE

Tarabut a leading open banking and embedded finance platform in the MENA region has received in-principle approval from the Central Bank of the United Arab Emirates (CBUAE) following the introduction of...

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IHC posts $14.89bn revenue, $2.94bn net profit for H1

IHC a global investment company has reported a revenue of AED54.7 billion ( 14.89 billion) for the first half of 2025 a 31.1% increase compared to AED41.7 billion in H1 2024 and a profit after tax of AED10.8...

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GCC's total GDP at constant prices tops $456bn

The gross domestic product (GDP) at constant prices for the Gulf Cooperation Council (GCC) countries increased by 3.3% by the end of the fourth quarter of 2024 reaching 456.3 billion compared to 442.3...

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BENEFIT teams up with General Assembly to empower Bahrain tech talent

BENEFIT the kingdom s innovator and leading company in fintech and electronic financial transactions service has signed a MoU with General Assembly Bahrain marking a strategic partnership to support the...

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UAE Central Bank imposes $2.9m fine on exchange house

The Central Bank of the UAE (CBUAE) has imposed a financial sanction of AED10.7 million ( 2 91 million) on an exchange house pursuant to Article (14) of the Federal Decree Law No. (20) of 2018 on Anti-Money...

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