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TII, Space42 join forces for UAE’s first space-to-ground quantum communication network

The Technology Innovation Institute (TII) the applied research arm of Abu Dhabi s Advanced Technology Research Council (ATRC) is collaborating with Space42 the UAE-based AI-powered SpaceTech company with...

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Ithmaar Bank appoints new Head of Corporate Banking

Ithmaar Bank a Bahrain-based Islamic retail bank has appointed Amr Alshaher as Head of Corporate Banking reporting to Assistant General Manager Business Group Mohammed Ali Safar. The appointment of Alshaher...

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Dubai emerges best-performing luxury hub globally: Visa report

Dubai outperformed global peers including New York and London in luxury spending as the market stayed stable in the city while it slowed across major global cities a new report said. For the first time...

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High-level Abu Dhabi delegation to enhance economic ties with India, Singapore

The Abu Dhabi Department of Economic Development (ADDED) will lead a high-level economic delegation to Singapore and India from November 17 to 21 as part of its efforts to build and cement relations with...

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Al Salam Bank delivers record profitability in Q3

Al Salam Bank has announced record profitability for the nine months ended September 30 marking another milestone in its transformation into one of the region s leading and fast-growing financial groups....

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Global experts discuss future of investment strategies at Bahrain event

Global financial leaders and senior executives gathered today (November 11) at the Sheraton Bahrain Hotel for an exclusive executive roundtable titled Global and American Investment Outlook: Strategic...

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$1 trillion China–GCC opportunity waiting to be unlocked: report

China s affluent outbound audiences across tourism investment and luxury sectors offer a 1 trillion opportunity for the Gulf Cooperation Council (GCC) to tap into the market says a new report. The aim...

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Crescent Enterprises to deploy $272m in India, Southeast Asia, GCC

CE-Invests the strategic investments platform of Crescent Enterprises has announced plans to deploy AED1 billion ( 272.2 million) over the next three years in high growth markets across India Southeast...

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World Summit AI returns to Doha in December

World Summit AI Qatar organised in partnership with Qatar s Ministry of Communications and Information Technology returns to the Doha Exhibition & Convention Center (DECC) on December 9 and 10. This landmark...

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GCC region 'pivotal to Tech Mahindra's global growth vision'

Tech Mahindra a leading global provider of technology consulting and digital solutions to enterprises across industries marked its 39th anniversary with the launch of a bold new brand identity a statement...

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Cityscape Bahrain 2025 set to ignite kingdom''s real estate scene

Cityscape Bahrain 2025 returns later this month with its most ambitious edition to date bringing the kingdom s real estate community together for five days of investment activity project showcases and...

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GFH reports 9-month profit of $101.27m

GFH Financial Group (GFH) has reported a net profit attributable to shareholders of 34.03 million for the third quarter of the year compared to 27.2 million in the third quarter of 2024. The increase of...

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Bank ABC posts 9-month net profit of $204m

Bank ABC (Arab Banking Corporation) continued its resilient performance in the first 9 months of the year and posted a net profit was 204 million a reduction of 5% Y-o-Y on a headline basis but flat on...

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Rising corporate debt not a major threat to Saudi banks: S&P

Corporate lending will remain at the core of the Saudi banking sector s growth currently accounting for 55% to 60% of banks loan books according to S&P Global Ratings. The total credit to the private corporate...

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FII9 unlocks $50bn investments and deals

The ninth edition of the Future Investment Initiative flagship conference (FII9) which concluded in Riyadh recently saw more than 50 billion in signed agreements and investment pledges. The deals spanned...

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SICO reports $13.5 m net profit for nine months of 2025

SICO licensed as a conventional wholesale bank by the Central Bank of Bahrain (CBB) said its consolidated net profit attributable to shareholders grew 6% year-on-year to record BD2.2 million ( 5.7 million)...

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