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Bahrain's Mumtalakat reports record profits of $1.579bn for 2025

Bahrain Mumtalakat Holding Company (Mumtalakat) the sovereign wealth fund of the Kingdom of Bahrain has announced another record year reflecting the strong performance of its portfolio companies and the...

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Moody’s reaffirms Saudi credit rating at Aa3 with 'stable' outlook

The credit rating agency Moody s has reaffirmed Saudi Arabia s credit rating at Aa3 with a stable outlook. The agency mentioned that the affirmation at Aa3 reflects Saudi Arabia s large and wealthy economy...

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IHC executes landmark AED110m DDSC stablecoin transaction on ADI Chain

IHC a global investment company focused on building dynamic value networks on Thursday announced the execution of an AED110 million (approximately 30 million) transaction using DDSC on ADI Chain the institutional...

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HUMAIN, Accenture to help accelerate AI adoption at scale in Saudi Arabia

HUMAIN a PIF company delivering full-stack artificial intelligence capabilities globally and Accenture have announced a collaboration whereby Accenture will be a strategic reinvention & AI partner in Saudi...

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Gordian Capital secures DFSA approval to establish presence at DIFC

Global investor services group IQ-EQ today announced that its subsidiary Gordian Capital (Gordian) has achieved regulatory approval to expand its institutional cross-border fund platform and fund solutions...

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NBB Group CEO in Economy Middle East Top 30 list

The National Bank of Bahrain (NBB) has announced that its Group Chief Executive Officer Usman Ahmed has been named among Economy Middle East s list of 30 Leading Voices in the Banking & Finance sector...

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Aramco, Pasqal launch Saudi Arabia’s first quantum computer

Aramco one of the world s leading energy and chemicals companies in partnership with Pasqal a global leader in neutral-atom quantum computing on Monday officially inaugurated Saudi Arabia s first quantum...

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Dubai's immersive Museum of Digital Art launched

Dubai s Museum of Digital Art (MODA) a landmark addition to emirate s cultural landscape and the region s first museum dedicated to digital art and new technologies has been launched by Sheikha Latifa...

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GCC states' GDP reaches $2.4trn; non-oil sector's share tops 78%

The gross domestic product (GDP) of the GCC states reached approximately 2.4 trillion in 2025 positioning the council s economies among the world s influential economic powers according to data issued...

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FAB mobilises $103.74bn in sustainable and transition finance

First Abu Dhabi Bank (FAB) the UAE s global bank and one of the world s largest financial institutions facilitated AED381 billion ( 103.74 billion) in sustainable and transition finance between 2022 and...

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Dubai approves $408bn new package of incentives to businesses

Dubai has approved a second package of economic incentives valued at AED1.5 billion ( 408.44 billion). The package spans a range of sectors including government fees and services tourism trade and logistics...

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Esports World Cup 2026 to be held in Paris

The Esports Foundation (EF) has announced that the 2026 edition of the Esports World Cup (EWC) the world s largest esports and gaming event will be hosted in Paris France from July 6 through August 23....

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Batelco by Beyon launches new ‘Postpaid World’ package

Batelco by Beyon has introduced Postpaid World a new offering that enables customers to use their data and minutes both locally and internationally as part of a single plan with no additional setup required...

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Oman Investment Authority records $7.8bn annual profits

Oman Investment Authority the sultanate s sovereign wealth fund has reported its strongest annual performance to date recording approximately 7.8 billion in profits and a 14.6% return on investment in...

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American Express Middle East partners with Beyon Al Dana Amphitheatre

American Express Middle East has announced a new partnership with Beyon Al Dana Amphitheatre in Sakhir Bahrain offering its card members a range of exclusive benefits and on-site activations designed to...

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SAR launces naming rights project for Haramain railway stations

Saudi Arabia Railways (SAR) has launched its naming rights and sponsorship project for the Haramain High Speed Railway stations specifically covering the stations in Makkah Madinah Jeddah (Sulaimaniyah)...

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