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AI will serve as foundation of Dubai's future: Crown Prince

Artificial Intelligence (AI) will serve as the foundation of Dubai s future HH Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum Crown Prince of Dubai Deputy Prime Minister has declared. Dubai is not only...

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iGA launches ID card renewal service for Bahrainis abroad

Bahrain s Information & eGovernment Authority (iGA) has announced the launch of issuing and renewing of ID cards eServices as well as ID card replacements for its citizens outside the Kingdom of Bahrain....

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Bain & Company opens new regional headquarters in Riyadh

Bain & Company a leading global management consultancy has announced the opening of its new regional headquarters in Riyadh a move that reinforces the firm s long-standing commitment to the kingdom and...

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e& approves 83 fils dividend per share for FY 2024

UAE telecom major e& has approved the board s recommendation of cash dividends of 83 fils (AED0.83) per share for the fiscal year 2024 - further reinforcing the group s commitment to delivering consistent...

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PwC Middle East expands Manama hub

PwC Middle East one of the world s leading professional services firms has announced a strategic expansion to its Manama office to strengthen its capacity to provide multi-sector advisory and operational...

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KACST to set up Quantum Valley with major firms

King Abdulaziz City for Science and Technology (KACST) is working with Aramco and Saudi Data & AI Authority (SDAIA) on establishing a Quantum Valley by leveraging strategic partnerships with major quantum...

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Lazard expands into UAE with office in Abu Dhabi

Lazard one of the world s preeminent financial advisory and asset management firms has announced its strategic expansion into the United Arab Emirates establishing Abu Dhabi as the financial advisory main...

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PayPal, TerraPay partner to expand cross-border payments

PayPal a global digital payments and commerce platform today announced a strategic partnership with TerraPay a leading global money movement company to enable real-time fund transfers for PayPal customers...

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UAE's foreign trade surges 49pc to $1.4 trillion in 2024

The UAE had recorded total foreign trade of AED5.23 trillion ( 1.424 trillion) in 2024 thus posting a 49% increase from AED3.5 trillion ( 949 billion) in 2021 according to the World Trade Organisation...

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BHM Capital named liquidity provider for Alpha Data shares

BHM Capital Financial Services has announced that it haas been appointed as the liquidity provider for Alpha Data shares listed on the Abu Dhabi Securities Exchange (ADX). A leading private joint stock...

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Culture Summit Abu Dhabi to bring together top thinkers

The Department of Culture and Tourism Abu Dhabi (DCT Abu Dhabi) has announced the key panels and sessions for the seventh edition of Culture Summit Abu Dhabi the leading global forum to be held from April...

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Tariffs: GCC banks face limited direct impact; oil prices key

US tariffs are likely to only have small direct effects on GCC bank operating environments but indirect impacts due to lower oil prices and weaker global economic activity which could lead to lower government...

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Oman Investment Bank appointment new Acting CEO

The Board of Directors of Oman Investment Bank has appointed Mohamed Sultan Salim Al Habsi as Acting Chief Executive Officer of the bank. This appointment represents a key step in the bank s leadership...

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United Carton Industries announces IPO

United Carton Industries Company (UCIC) the largest corrugated carton manufacturer in the Middle East and North Africa region on Tuesday announced its intention to proceed with the initial public offering...

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Quarterly net profits of GCC firms see drop in Q4, 2024

Quarterly net profits reported by companies listed on GCC exchanges continued to decline reaching a three-quarter low level during Q4-2024 according to a Kamco Invest report. Aggregate profits during the...

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KKR appoints General Petraeus as chairman of Middle East

KKR a leading global investment firm today announced that it is expanding its presence in the Middle East including the appointment of General David Petraeus as Chairman of KKR Middle East. It will also...

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