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Qatar fund sees US outlays doubling after $500bn pledge

Qatar s wealth fund is set to see its annual outlays into the US double in coming years on the back of a 500 billion investment pledge. We believe in the growth and robustness of the US system Qatar Investment...

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Lubna Olayan to open Fortune Most Powerful Women Summit in Riyadh

Lubna Olayan one of Saudi Arabia s most prominent business leaders who has appeared 12 times on Fortune s Most Powerful Women in Business list will open the Fortune Most Powerful Women International Summit...

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Qatar records over $2.7bn in FDI in 2024

Qatar attracted 2.74 billion in foreign direct investment (FDI) in 2024 through 241 projects which created 9 348 jobs according to the Investment Promotion Agency Qatar s (Invest Qatar) 2024 Annual Report....

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Downtown Design Riyadh to showcase global brands, emerging talent

Downtown Design Riyadh s inaugural edition will take place from May 20 to 23 in the creative hub of JAX District to showcasing contemporary and high-quality design. Held in partnership with the Architecture...

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Cisco expands partnership with Saudi Arabia to power AI Future

Cisco the global leader in networking and security has announced a groundbreaking initiative with HUMAIN Saudi Arabia s new AI enterprise to help build the world s most open scalable resilient and cost-efficient...

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Bank ABC Islamic reports 33.7% rise in net profit to $14.4m

Bank ABC Islamic on Tuesday announced a robust financial result for the first quarter of 2025 reporting a net profit of 14.4 million a 33.7% increase compared to 10.8 million for the same period last year....

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Yaser Alsharifi represents Bahrain banking sector on Union of Arab Banks board

The Union of Arab Banks (UAB) has announced the selection of Yaser Alsharifi Chairman of the Bahrain Association of Banks as the representative of the Bahraini banking sector at the union. Alsharifi received...

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Art on World’s tallest canvas: Emaar Launches design contest

Emaar has invited local talents and UAE residents to design a projection for the world- renowned Burj Khalifa. The winning design will be brought to life on the iconic façade of Burj Khalifa with the designer...

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Global Islamic finance assets to top $7.5 trillion by 2028

Global Islamic finance assets will reach 7.5 trillion by 2028 up from 5.5 trillion in 2024 reflecting the rapid expansion and growing relevance of Shariah-compliant finance in global markets says Standard...

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Dubai Residential REIT's IPO size increased

Dubai Holding through its wholly owned subsidiary DHAM REIT Management today announced that it increased the offering size of the initial public offering (IPO) of Dubai Residential REIT. This follows approval...

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Neuberger Berman, PIF collaborate for $6bn investment programme

Neuberger Berman a global investment manager and the Public Investment Fund (PIF) have signed a non-binding memorandum of understanding (MoU) to accelerate the growth of Saudi Arabia and Middle Eastern...

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Qualcomm, HUMAIN to develop AI data centers, cloud-to-edge services

Qualcomm Technologies a technology leader enabling connected intelligent computing and HUMAIN a national artificial intelligence (AI) champion advancing Saudi Arabia s goals for AI today signed a memorandum...

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NBB reports highest quarterly profit of $74.5m

National Bank of Bahrain (NBB) has reported a 2% year-on-year increase in net profit attributable to shareholders reaching BD28.1 million ( 74.5 million) for the first quarter ended 31 March 2025 compared...

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UAE aims to be a hub for shaping future: Sheikh Hamdan

The UAE accords tremendous importance to technological transformation as part of a strategic vision to establish itself as a hub for shaping the future said HH Sheikh Hamdan bin Mohammed bin Rashid Al...

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Bank ABC reports Q1 net profit of $76m

Bank ABC (Arab Banking Corporation) said the group has made a resilient start to the year against a backdrop of challenging economic conditions reporting a net profit attributable to the shareholders of...

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Mumtalakat posts record net profit of $963m for 2024

Bahrain Mumtalakat Holding Company (Mumtalakat) the sovereign wealth fund of Bahrain has announced its highest consolidated net profit since its inception in 2006 reporting a consolidated net profit of...

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