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Khazna gets key certification for region's first AI liquid cooling data centre

Khazna Data Centers a global leader in hyperscale digital infrastructure has achieved Uptime Institute Tier III Certification of Design Documents (TCDD) award for its newest 100 MW AI-optimised data centre...

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DAE Capital nears deal to buy aircraft leasing firm Macquarie Airfinance: report

DAE Capital a leading Dubai-based aircraft lessor is closing in on a deal to buy control of leasing platform Macquarie AirFinance a Reuters report said quoting two industry sources. The two firms did not...

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Al Habtoor Group set to file arbitration in dispute with Lebanon

Al Habtoor Group has confirmed the formal appointment of White & Case a leading international law firm to represent the group in its previously announced investment dispute with Lebanon. The group has...

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NBB, Injaz host digital skills development workshop for students

The National Bank of Bahrain (NBB) in collaboration with the Ministry of Education and INJAZ Bahrain recently concluded its Yalla Learn and Earn initiative with a Masterclass workshop and student challenge...

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Emirates NBD expands precious metals offering with silver bars

Emirates NBD a leading banking group in the Middle East North Africa and Türkiye (MENAT) region has launched Emirates NBD-branded silver bars expanding its precious metals portfolio in response to growing...

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Dell, Ooredoo collaborate to advance AI services

Dell Technologies and Ooredoo have announced the signing of a memorandum of understanding (MoU) to deliver and power modern AI services. The MoU was signed by Travers Nicholas Managing Director North Gulf...

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stc group revenues jump to historic high of $20.75bn; net profit up 12.5%

stc group recorded the highest revenues in its history of SAR77.8 billion ( 20.75 billion) in 2025 reflecting a 2.5% increase compared to the previous year. Net profit rose by 12.5% after excluding non-recurring...

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71,830 new firms join Dubai Chamber of Commerce; Indians top list

Indian-owned businesses continued to top the list of new foreign companies joining the chamber during 2025 revealed a new analysis by Dubai Chamber of Commerce one of the three chambers operating under...

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Saudi Arabia's 2025 budget deficit rises to $73bn

Saudi Arabia recorded total revenues of SR1.11 trillion ( 295.87 billion) in 2025 while expenditures reached approximately SR1.389 trillion ( 370.24 billion) resulting in a budget deficit of SR276.61 billion...

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Strong demand for first 7-year tranche of UAE's Islamic Treasury Sukuk

The UAE Ministry of Finance (MoF) in its capacity as issuer and in collaboration with the Central Bank of the UAE (CBUAE) as issuing and payment agent has launched the first-ever 7-year tranche of UAE...

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American Accreditation Commission names Mena head

The American Accreditation Commission International (AACI) a premier organisation providing healthcare accreditation and clinical excellence certification has announced the appointment of Dheeraj Khatore...

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Abu Dhabi deploy 8 exaflop supercomputer in India

Abu Dhabi will establish a national-scale AI supercomputer in India with 8 exaflops of compute capacity marking a new phase in India s AI infrastructure development. The system will be delivered by G42...

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BENEFIT records nearly $100bn in e-transactions across all transfer services

Bahrain has seen a significant growth in online payments processed through the Electronic Funds Transfer System (EFTS) across all channels including banking platforms and the BenefitPay app said BENEFIT...

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Bahrain declares Wednesday as first day of Ramadan

His Majesty King Hamad bin Isa Al Khalifa exchanged cables of congratulations with Gulf Arab and Islamic leaders on the occasion of the holy month of Ramadan which will be observed tomorrow (February 18)....

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National Bank of Bahrain net profit up 4% to $225.7m in 2025

National Bank of Bahrain (NBB) has reported a 12% increase in its net profit attributable to shareholders reaching BD18.2 million ( 48.3 million) for the fourth quarter ended 31 December 2025 compared...

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Bank ABC appoints new Group Chief Legal and Corporate Affairs Officer

Bank ABC (Arab Banking Corporation) has appointed Abdelkhalig Shaib as Group Chief Legal & Corporate Affairs Officer. The appointment reflects the group s continued focus on strengthening governance reinforcing...

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