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Visa appoints Emirates NBD as National Net Settlement Service Agent in UAE

Visa a world leader in digital payments has appointed Emirates NBD a leading banking group in the Middle East North Africa and Türkiye (MENAT) region as its official National Net Settlement Service (NNSS)...

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Cloudsdcs enters Saudi market with strategic AstroLabs tieup

Cloudsdcs a global enterprise cloud and cybersecurity specialist with over 20 years of experience has announced its expansion into Saudi Arabia with support from AstroLabs the Gulf s premier business setup...

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e& Q1 revenue surges 15% to $5.28bn

e& the UAE-headquartered global technology group reported a strong start to 2026 with a consolidated revenue of AED19.4 billion ( 5.28 billion) in the first quarter reflecting a 15.1 per cent year-on-year...

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Qatar implements targeted relief measures to support business community

Qatar has activated a comprehensive package of support measures to the country s international business community designed to maintain market stability and reinforce investor confidence amid evolving regional...

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Meta signs agreement with AWS to power agentic AI on AWS Graviton chips 

Meta has signed an agreement to deploy AWS Graviton processors at scale. The deal marks a significant expansion of a long-standing partnership between the two companies as Meta builds its next generation...

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Dubai Investments announces 25% cash dividend; new board

Dubai Investments has announced the distribution of a 25% cash dividend (AED0.25 per share) for the financial year ended 31 December 2025 following shareholder approval at the Company s 30th Annual General...

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RIyadh to host WWE Night of Champions in June

Saudi Arabia s General Entertainment Authority and Riyadh Season under the leadership of Turki Alalshikh in cooperation with WWE today announced that Night of Champions will return to Kingdom Arena in...

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ADCB delivered record Q1 profit before tax of $1bn

ADCB a leading UAE banking group has delivered record profit before tax of AED3.781 billion in Q1 26 up 30% year on year extending profit growth track record to 19 consecutive quarters. Strong first quarter...

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Bahrain central bank leaves overnight rate unchanged at 4.25pc

The Central Bank of Bahrain (CBB) has announced its decision to maintain the overnight deposit interest rate unchanged at 4.25%. This decision comes as part of the review conducted by the CBB to maintain...

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Bahrain Bourse, BHC announces key promotions

Bahrain Bourse (BHB) and its fully-owned subsidiary Bahrain Clear (BHC) have announced the promotion of several team members in recognition of their strong performance dedication and ongoing contributions...

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Dubai Islamic Bank posts $490m net profit in Q1

Dubai Islamic Bank (DIB) has recorded solid results for the first quarter of 2026 with its net profit soaring to AED1.799 billion ( 490 million) from AED1.798 billion ( 489 million) in the same period...

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Lenovo appoints new VP & GM to lead expansion in Saudi Arabia

Lenovo has appointed Salman Abdulghani Faqeeh as Vice President & General Manager Saudi Arabia reinforcing the company s long term commitment to the kingdom as a strategic priority market and regional...

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UAE takaful firm Salama completes multi-year capital restructuring programme

Salama Islamic Arab Insurance Company has announced the successful completion of a multi-year capital restructuring programme that has helped the Emirati takaful insurer to restore its financial position...

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Saudi economy shows resilience despite regional conflicts

The Saudi Arabia economy is showing resilience despite a sharp hit to oil production from regional conflict with a surge in crude prices helping offset the impact according to a report by Al Rajhi Capital....

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Al Salam Bank sells its stake in Gulf African Bank

Bahrain headquartered-Al Salam Bank has announced the sale of its 20.94% stake in Gulf African Bank the largest Islamic Bank in Kenya. The sale forms part of AL Salam Bank s broader group optimisation...

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Emirates Islamic operating profit rises 7% to $299.52m in Q1

Emirates Islamic one of the leading Islamic financial institutions in the UAE has reported an operating profit of AED1.1 billion ( 299.52 million) for the quarter ending March 31 2026 7% growth over the...

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