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GCC economies forecast to grow 8.1% in 2027

The GDP of GCC states is forecast to grow by 8.1% in 2027 as energy trade routes normalise travel demand returns and business confidence rebuilds says a report. This follows a projected 2.4% contraction...

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Bahrain powers into Mena’s Top 5 startup ecosystems

The Kingdom of Bahrain has achieved strong rankings across several key indicators in the Global Startup Ecosystem Report (GSER) 2026 with the country s startup ecosystem generating 1.6 billion in Ecosystem...

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Mubadala takes $200m stake in Greenlink JV

Mubadala Investment Company an Abu Dhabi sovereign investor has acquired 200 million worth of Equitix s stake in Greenlink a joint venture between Equitix and Baltic Cable which operates a 504 MW subsea...

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Tennis icon Ons Jabeur to launch signature watch collection with Nuncier

Global tennis icon Ons Jabeur has formally signed a strategic partnership agreement with GCC-based watch brand Nuncier to develop a signature line of timepieces. The agreement reflects Jabeur s continued...

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Bahrain Bourse pitches liquidity, listings reforms to investors at London summit

Bahrain Bourse (BHB) the exchange regulated by the Central Bank of Bahrain took part in the HSBC GCC Exchanges London Conference 2026 joining regional exchanges listed companies and international investors...

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UAE denies media reports on transfer of funds to Iran

The United Arab Emirates has categorically denied reports published by certain international media outlets alleging the transfer of funds from the UAE to Iran including allegations concerning 3 billion....

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Saudi economy seen accelerating 6.8% in 2027 after slower growth this year

Saudi Arabia s economy is expected to accelerate sharply in 2027 after a subdued performance this year with Riyad Capital forecasting real GDP growth of 6.8% next year compared with 0.9% in 2026 driven...

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Gallagher takes majority stake in ACE Gallagher

Gallagher the global insurance brokerage risk management and consulting firm has strengthened its commitment to Saudi Arabia through the purchase of a majority share of ACE Re Gallagher Arabia Reinsurance...

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Digital native, AI driven challenger banks redefining banking models says DIFC report

Resilience rather than size or legacy will define long-term success for banks navigating disruption and digital native challenger banks says a new report by Dubai International Financial Centre (DIFC)...

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UAE VAT and excise tax collection jumps 15% in 2025 to $12.53bn

The UAE Ministry of Finance (MoF) announced that the total revenues collected from Value Added Tax (VAT) and Excise Tax and distributed to the federal and local governments exceeded AED46 billion in 2025...

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Riyadh's KAFD DMC secures $3.2bn finance facility

King Abdullah Financial District Development and Management Company (KAFD DMC) the developer and operator of Riyadh s premier business and lifestyle destination has secured a SAR12 billion ( 3.20 billion)...

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Singapore Gulf Bank signs up as member of Bahrain Association of Banks

The Bahrain Association of Banks (BAB) has announced that Singapore Gulf Bank (SGB) has signed up as a member reinforcing collaboration across the kingdom s financial sector and further strengthening its...

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KSA can boost retirement savings, capital markets through pension reform: BlackRock

Saudi Arabia has an opportunity to strengthen long-term retirement savings as it advances economic reforms under Vision 2030 with expanded defined-contribution retirement schemes potentially improving...

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Dr Maha bint Mishari bin Abdulaziz named CEO of FII Institute

The Board of Trustees of the Future Investment Initiative (FII) Institute has appointed Princess Dr Maha bint Mishari bin Abdulaziz Al Saud as Chief Executive Officer of FII Institute. Dr Maha brings an...

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HUMAIN, NVIDIA bring Robotaxi-ready platform to Middle East

HUMAIN a Public Investment Fund (PIF) company has announced that it will lead the entry of NVIDIA s DRIVE Hyperion robotaxi-ready platform ecosystem into the Middle East. The global expansion which brings...

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GCC to launch unified investor number in major market boost

The GCC Financial Markets Committee has announced the launch of the GCC Unified Investor Number (GCC-NIN) initiative a major regional framework designed to boost connectivity and interoperability across...

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