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DIFC updates regulations to broaden use of Prescribed Company option

Dubai International Financial Centre (DIFC) has announced updates to the Prescribed Company (PC) Regulations which are designed to broaden the use of PCs DIFC s equivalent of Special Purpose Vehicles or...

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INFINIOS goes live with Mastercard on Stablecoin settlement

INFINIOS the Bahrain based digital financial infrastructure company today announced that it is officially live with Mastercard on stablecoin settlement marking a major milestone in the evolution of regulated...

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2PointZero H1 revenue surges to $5.96bn; net profit soars 2,301%

2PointZero Group a leading Abu Dhabi-based investment holding firm reported a revenue of AED 21.9 billion ( 5.96 billion) for the first half of 2026 delivering a group net profit of AED7.7 billion ( 2.1...

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Gross insurance premiums in Saudi Arabia hit $22.59bn in 2025

Gross written insurance premiums in Saudi Arabia increased by 10.7% in 2025 to reach SAR84.3 billion ( 22.59 billion) compared with 2024 a report said. The Saudi Insurance Market Report 2025 issued by...

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e& net profit up 2.4pc in H1; revenue soars to $10.3bn

Leading UAE telco e& Group has recorded strong growth in its consolidated revenue for the first six months of the year hitting AED38.1 billion ( 10.3 billion) an increase of 11.6% over last year. The positive...

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stc H1 revenue soars to $10.7bn; profit up 5.3pc

Saudi Telecom Company (stc) has delivered solid results for the first half of 2026 recording a 3.8% jump in its revenue which soared to SAR40.11 billion ( 10.7 billion) mainly driven by growth across its...

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Bahrain keeps overnight deposit interest rate unchanged at 4.25pc

The Central Bank of Bahrain (CBB) announced its decision to maintain the overnight deposit interest rate unchanged at 4.25%. This decision was taken following the US Federal Reserve s announcement today...

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Emirates Stallions Group posts $208.77m revenue, 44% net profit growth in H1

Emirates Stallions Group (ESG) a leading UAE-based diversified conglomerate and subsidiary of IHC today reported an 8% year-on-year increase in revenue to AED766.69 million ( 208.77 million) for the six...

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Average data breach cost in Middle East climbs to $8m: IBM

Average data breach cost in the Middle East reached 8 million in 2026 with one in four malicious breaches being AI-enabled says a news IBM study. According to IBM s 2026 Cost of a Data Breach Report the...

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Dubai Chamber backs Techies Infotech’s expansion into South Africa

Dubai Chamber of Commerce one of the three chambers operating under the umbrella of Dubai Chambers has supported the international expansion of Techies Infotech a Dubai-headquartered ICT and innovation...

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Future of wealth management is about predictive finance

For years fintech has promised to transform the way we manage money. We ve built budgeting apps investment platforms and digital banks that have made finance more accessible than ever before. Yet one question...

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Dubai Holding contributes 13.5% to GDP; manages AED500bn assets

Dubai Holding has contributed 13.5% to Dubai s GDP in 2025 alone while enabling economic activity estimated at 30% of the city s total GDP through its broader ecosystem of businesses destinations and districts...

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Mashreq Bank reports pre-tax profit of $1.31bn for H1

Mashreq Bank has announced record profit before tax of AED4.8 billion ( 1.31 billion) for the first half of 2026 up 18% year-on-year on operating income of AED6.8 billion ( 1.85 billion). The performance...

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Investcorp Invests in Berger Financial Group

Investcorp a leading global alternative investment firm today announced that it has invested in Berger Financial Group a leading full-service wealth management platform providing comprehensive financial...

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Saviynt tops $300m in ARR, launches AI identity security platform

Saviynt a leading provider of identity security solutions announced significant business momentum surpassing 300 million in annual recurring revenue while growing bookings by more than 80% and maintaining...

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UAE gross banking credit rises in May, assets increase 1.1%

The UAE gross banks assets improved by 1.1% from AED5 570.1 billion ( 1516.71 billion) at the end of April 2026 to AED5 633.1 billion at the end of May 2026 said a UAE Central Bank report. The gross credit...

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