Presight the region s leading big data analytics firm and Intel a global tech leader will collaborate to accelerate applied AI projects and develop cutting-edge AI solutions in the Middle East. Signifying...

The Saudi Central Bank (Sama) has licensed Hala Financing to provide debt-based crowdfunding solutions. With this new addition there are now 11 authorised companies offering debt-based crowdfunding solutions...

Qatari Investors Group (QIG) has signed a partnership with global technology company SAP SE that will enable it to leverage the benefits of SAP s cloud ERP solution with data securely hosted in Qatar....

Gulf Cooperation Council (GCC) banks profitability is expected to remain strong in 2024 but suffer a slight deterioration in 2025 as the Fed could start cutting rates in December 2024 and most GCC central...

Emirates Development Bank (EDB) the key financial engine of the UAE economic development and industrial advancement has launched EDB Smart Connect an innovative cash management platform that will deliver...

Bank ABC Islamic has posted a first-quarter (Q1) net profit of 10.8 million 9.6% higher than the same period last year on the back of growth in core customer business as well as higher profit rate environment....

With over 300 commercial 5G networks already deployed globally and advancements continuing the transition from 5G to 5G-Advanced is poised to revolutionise network capabilities and user experiences Global...

Despite ongoing global challenges such as persistent inflation elevated interest rates and geopolitical tensions the total pipeline value of unawarded construction projects in the Middle East and North...

Agthia Group a leading regional food and beverage company has seen its first-quarter (Q1) net profit grow 32.0% year-on-year to AED127.6 million ( 34.7 million) and is on track to meet its full-year 2024...

Agility Global has reported a first-quarter (Q1) 2024 net profit of 30.5 million or 0.58 cents per share and its Board has approved 65 million interim cash dividends. EBITDA grew 34% to 169.5 million and...

Thuraya Telecommunications Company the mobile satellite services subsidiary of Al Yah Satellite Communications Company (Yahsat) has unveiled IP NEO the first in a new family of next-generation satellite...

Ithmaar Bank a Bahrain-based Islamic retail bank posted a total net profit for the first quarter (Q1) of BD7.74 million ( 20.5 million) compared to BD0.23 million net loss reported for the same period...

The UAE continues to demonstrate robust growth in its non-oil sectors driven by strong government support and solid demand according to the Organisation of the Petroleum Exporting Countries (Opec). The...

Dubai International Financial Centre (DIFC) a leading global financial hub has reinforced its position as the largest and preferred hub for wealth and asset management (WAM) companies and hedge funds....

GFH Financial Group has posted first-quarter (Q1) net profit attributable to shareholders of 27.14 million an increase of 13.03% on Q1 2023 profiting from growth in the group s investment banking and its...

Emirates NBD a leading banking group in the Menat (Middle East North Africa and Türkiye) region has announced the launch of fractional bonds on its awards winning mobile banking app ENBD X. The announcement...