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Bahrain posts 4pc real GDP growth in Q3, says report

Bahrain has recorded real economic growth of 4% at constant prices and 4.5% at current prices during the third quarter of 2025 on an annual basis according to data issued by the Information & eGovernment...

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Saal.ai, Nutanix introduce Agentic AI platform SovereignGPT

Saal.ai a UAE leader in AI cognitive solutions and Nutanix a leader in hybrid multicloud computing have announced a collaboration on SovereignGPT a next-generation Agentic AI platform purpose-built for...

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KSA's 2026 funding needs put at $57.85bn; borrowing plan approved

Saudi Arabia s Minister of Finance and Chairman of the National Debt Management Center (NDMC) Mohammed Aljadaan has approved the annual borrowing plan for the fiscal year 2026 following its endorsement...

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Oman 2026 budget sees 1.5% rise in spending to $31.15bn

Oman s General State Budget for 2026 forecasts total public expenditure of approximately RO11.977 billion ( 31.15 billion) rising by 1.5 percent from the approved expenditure for 2025. The total revenues...

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Bank Nizwa closes $519m Omani sovereign sukuk issue

Oman s Bank Nizwa has announced that it had successfully closed the 10th series of local currency sovereign sukuk worth RO200 million ( 519 million) acting as the joint issue manager and collecting bank...

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Sharjah 2026 budget sees $12.12bn spending

The 2026 general budget for the UAE emirate of Sharjah which proposes a total expenditure of AED44.5 billion ( 12.12 billion) has been approved by His Highness Sheikh Dr Sultan bin Mohammed Al Qasimi Supreme...

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Bahrain’s economy grows five-fold over the past two decades

Bahrain s sustained economic growth over the past two decades stands as a key national achievement within the kingdom s broader development journey under the leadership of His Majesty King Hamad bin Isa...

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e& and ZTT complete region’s first hollow-core fibre field trial

e& UAE the flagship telecom arm of global technology group e& in partnership with ZTT a leading provider of advanced fibre optic solutions has announced the completion of the region s first hollow-core...

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DWTC unveils H1 2026 calendar with 71 global expos, conferences

Dubai World Trade Centre (DWTC) today (January 5) announced its events calendar for the first half of 2026 featuring 71 international exhibitions and conferences across sectors including security healthcare...

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Dubai Chambers signs deal with ADIB to enhance support for SMEs

Dubai Chambers has signed a memorandum of understanding (MoU) with Abu Dhabi Islamic Bank (ADIB) to strengthen banking support for the business community with a particular focus on empowering small and...

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Saudi service exports soars to $15.5bn in Q3, says report

Saudi Arabia s service exports totaled SAR58.2 billion ( 15.5 billion) during the third quarter of 2025 while service imports amounted to SAR120.8 billion ( 32 billion). according to the General Authority...

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Saudi Arabia’s Social Development Bank provides $2.13bn financing in 2025

Saudi Arabia s Social Development Bank (SDB) provided financing worth SAR8 billion ( 2.13 billion) to individuals and entrepreneurs across various sectors and segments in 2025. It provided SAR3.1 billion...

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Merak Capital completes key investment in Saudi cybersecurity firm

Merak Capital a Saudi investment firm licensed by the Capital Market Authority has completed a SAR203 million ( 54 million) investment in DSShield one of the fastest-growing cybersecurity companies in...

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Bahrain Mumtalakat-backed Silah Gulf opens IPO; plans to raise $7.7m

Silah Gulf a portfolio company of Bahrain Mumtalakat Holding Company the kingdom s sovereign wealth fund today (December 29) opened subscriptions for its initial public offering (IPO) aiming to raise about...

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NBB's strategic vision delivers high returns: GCEO

National Bank of Bahrain s (NBB) strategic vision has enhanced its agility in adapting to the rapidly changing global and regional landscape while delivering the highest return on equity amongst its peers...

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Huawei Cloud shares strategy, strengthens partner network

Huawei Cloud brought together more than 150 partners from across Saudi Arabia at its Saudi Arabia Partner Day Recruitment & Appreciation Gala at the InterContinental Riyadh. The event highlighted Huawei...

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