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Saudi banks' credit to public and private sectors jump 9.6% to $888.9bn

Bank credit extended to the public and private sectors in Saudi Arabia continued its upward trajectory reaching a record high of around SAR3.335 trillion ( 888.9 billion) by the end of February. Bank credit...

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GCC nominal GDP reaches $595.8bn in Q3 2025, up 2.2%

The GCC economies posted robust growth in the third quarter of 2025 driven by the non-oil sector as the region s sustained push to diversify income sources gained further momentum. The nominal GDP of the...

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Riyad Capital signs deal to set up $400m fund for Dar Al Salam project

Riyad Capital one of Saudi Arabia s largest asset managers and a leading company in real estate investment has signed an agreement to establish a 400 million (SAR1.5 billion) real estate fund in partnership...

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UAE ranks first globally in AI adoption says Microsoft report

The United Arab Emirates (UAE) has further strengthened its global position in the adoption of artificial intelligence technologies ranking first worldwide with a rate of 70.1 percent among the working-age...

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Global AI Show Riyadh reveals powerhouse speaker lineup

The Global AI Show Riyadh 2026 taking place on June 29 and 30 has unveiled its first lineup of thought leaders policymakers innovators and global AI experts set to drive the direction of artificial intelligence...

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Ooredoo, du to land FIG subsea cable in UAE

Ooredoo Group today announced a partnership with du the leading telecom and digital services provider to land the Fibre in the Gulf (FIG) subsea cable system in the UAE marking further progress in the...

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du, Al Gharbia Pipe Company to advance industrial AI Vision technology

du a leading telecom and digital services provider today announced a partnership with Al Gharbia Pipe Company (AGPC) an Abu Dhabi-based producer of longitudinally submerged arc welded (LSAW) steel pipes...

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IHC's Q1 profit soars 98.5% to $2.23 billion

IHC an Abu Dhabi-headquartered global investment company focused on building dynamic value networks reported a revenue of AED31.4 billion ( 8.55 billion) for the first quarter of 2026 up 33.2% year-on-year...

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Economy Middle East summit to focus on UAE

Economy Middle East has announced the return of its flagship Economy Middle East Summit 2026 held in partnership with ADGM marking the third edition of this prominent forum for economic dialogue. Bringing...

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Bahrain's NBH cycling loop gets solar-powered calling units

Bahrain s Works Ministry in collaboration with Northstar Technology has implemented an advanced solar-powered emergency communication system along the NBH Loop a 50-kilometre dedicated cycling running...

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GFH invests in dual IPO of Pershing Square as anchor investor

GFH Bank (GFH) has announced its participation as an anchor investor in the combined initial public offering (IPO) of Pershing Square and Pershing Square USA a landmark dual listing on the New York Stock...

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Global tech leaders unite in Riyadh to shape future of Blockchain

The Global Blockchain Show is making its comeback to Riyadh following a successful event in Abu Dhabi. The global event will take place on June 29 and 30 and will draw attendance of industry stalwarts...

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Global Games Show Riyadh unveils star-studded speaker lineup

The Global Games Show in Riyadh Saudi Arabia will be held on June 29 and 30 2026 highlighting the Kingdom s position as an internationally recognised gaming and e-sports destination. E-sports visionaries...

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HSBC appointed International Primary Dealer in Saudi Arabia

HSBC has been appointed as an International Primary Dealer by the Saudi Ministry of Finance and National Debt Management Center (NDMC) enabling the global bank to act as an intermediary between foreign...

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Investcorp Capital sells Abu Dhabi-based Reem Hospital

Investcorp Capital today announced that it has reached an agreement to sell Reem Hospital a leading Abu Dhabi-based multi-specialty and post-acute rehabilitation healthcare provider to Arada the UAE-based...

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ADX welcomes Morgan Stanley as first international investment bank remote trading member

The Abu Dhabi Securities Exchange (ADX) Group has announced that Morgan Stanley a leading investment bank and financial services company has joined the ADX as its first international investment bank Remote...

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