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Abu Dhabi’s TII, NVIDIA launch Mideast's first joint AI & robotics lab

The Technology Innovation Institute (TII) the applied research arm of Abu Dhabi s Advanced Technology Research Council (ATRC) has joined forces with NVIDIA the world leader in accelerated computing and...

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Oman Investment Bank completes $190m bond issuance for Sindbad Overseas

Oman Investment Bank has completed the successful debut bond issuance for Sindbad Overseas Group marking an important milestone in broadening Oman s capital markets. The transaction raised OMR73 million...

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EDB showcases Bahrain’s investment opportunities in Japan

A delegation from the Bahrain Economic Development Board (Bahrain EDB) hosted a series of high-level meetings and business forums in Japan this week as part of the official visit of His Royal Highness...

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Bahrain, UAE central banks cut key interest rate by 25 basis points

The central banks of Bahrain and the UAE have decided to cut their overnight deposit rate by 25 basis points. The Central Bank of Bahrain (CBB) said it cut the overnight deposit rate from 5.00% to 4.75%...

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Social Development Bank’s 9-month funding totals $ 1.73bn; 90,000 benefit

The total financing provided by Saudi Arabia s Social Development Bank (SDB) from the beginning of the year until the third quarter reached SAR6.5 billion ( 1.73 billion) benefiting more than 90 000 citizens...

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Al-Futtaim buys 49.95% stake in Cenomi Retail for $686m

Al-Futtaim a regional retail powrhouse has acquired a 49.95% stake in Cenomi Retail a leading retail brand in Saudi Arabia for a total consideration of SAR2.52 billion ( 686 million) at SAR44 per share....

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Sharjah FDI soars 361% to $1.5bn in H1

Sharjah recorded 74 foreign direct investment (FDI) projects in the first half of this year a 57% surge from the 47 projects in the same period last year the Sharjah FDI Office (Invest in Sharjah) has...

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Creators HQ, YouTube collaborate to launch first YouTube Academy in MENA

Creators HQ the first content creator hub in the UAE and the Middle East and part of Visioneers announced its collaboration with YouTube to launch the first YouTube Academy in the Middle East & North Africa....

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Investcorp Capital looks to maintain competitive level of dividends

The Board of Directors of Investcorp Capital (ICAP) an investor in alternative investment opportunities within private markets convened last week in Abu Dhabi under the leadership of Mohammed Alardhi Chairman...

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Ministry backs Qatar Investment and Innovation Conference

Qatar Investment and Innovation Conference has announced that the Ministry of Communications and Information Technology (MCIT) has joined the upcoming edition of the event as Strategic Partner. This high-level...

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GCC has potential to capture billions in climate capital: report

The Gulf Cooperation Council (GCC) has a compelling opportunity to emerge as a major destination for climate-aligned foreign direct investment (FDI) with the region offering the lowest production cost...

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Batelco by Beyon launches eco-SIM cards

Batelco by Beyon has announced the launch of Eco-SIM cards made from 100% recycled plastic becoming the first operator in the Kingdom of Bahrain to introduce this environmentally friendly innovation. This...

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ADQ, Azerbaijan Investment Holding to explore investment collaboration

ADQ Abu Dhabi s sovereign investor focused on critical infrastructure and global supply chains and Azerbaijan Investment Holding (AIH) have signed a memorandum of understanding to explore avenues of collaboration...

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Beyond One opens new Riyadh office

Beyond ONE a digital services provider reshaping the personalised digital ecosystems of consumers in emerging markets celebrated the official opening of its new Riyadh office signalling a major milestone...

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Invest Qatar strengthens global partnerships at Hong Kong meetings

Invest Qatar the Investment Promotion Agency of Qatar conducted a series of high-level business engagements last week in Hong Kong. The meetings took place during its participation at the Asia Leaders...

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$500m deal to implement Oman–Gulf electricity interconnection project

The GCC Interconnection Authority (GCCIA) and Sohar International Bank have signed a 500 million interim financing agreement to support the implementation of a direct electricity interconnection project...

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