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Dubai Taxi Company to acquire National Taxi for $394.8m

Dubai Taxi Company (DTC) a leading provider of comprehensive mobility solutions in Dubai on Wednesday announced that it has entered into a Sales and Purchase Agreement (SPA) to acquire 100% of the share...

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Bank ABC appoints Paul Jennings as Group Chief Executive Officer

Bank ABC has appointed Paul Jennings as Group Chief Executive Officer effective August 5 2026 following the approval of its Board of Directors and the Central Bank of Bahrain. Jennings has four decades...

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Saudi banks' credit to public and private sectors jump 9.6% to $888.9bn

Bank credit extended to the public and private sectors in Saudi Arabia continued its upward trajectory reaching a record high of around SAR3.335 trillion ( 888.9 billion) by the end of February. Bank credit...

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GCC nominal GDP reaches $595.8bn in Q3 2025, up 2.2%

The GCC economies posted robust growth in the third quarter of 2025 driven by the non-oil sector as the region s sustained push to diversify income sources gained further momentum. The nominal GDP of the...

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Riyad Capital signs deal to set up $400m fund for Dar Al Salam project

Riyad Capital one of Saudi Arabia s largest asset managers and a leading company in real estate investment has signed an agreement to establish a 400 million (SAR1.5 billion) real estate fund in partnership...

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Integrating AI into government work a priority, says Sheikh Mohammed

His Highness Sheikh Mohammed bin Rashid Al Maktoum Vice President Prime Minister and Ruler of Dubai said that integrating AI into government work is a strategic priority for the next phase of the new UAE...

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Sharjah Islamic Bank rights issue oversubscribed by 3.2 times

Sharjah Islamic Bank (SIB) today announced the successful completion of its AED2.59 billion ( 705.24 million) rights issue which saw an oversubscription of 3.2 times. Executed against an exceptionally...

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Economy Middle East summit to focus on UAE

Economy Middle East has announced the return of its flagship Economy Middle East Summit 2026 held in partnership with ADGM marking the third edition of this prominent forum for economic dialogue. Bringing...

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Bahrain's NBH cycling loop gets solar-powered calling units

Bahrain s Works Ministry in collaboration with Northstar Technology has implemented an advanced solar-powered emergency communication system along the NBH Loop a 50-kilometre dedicated cycling running...

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GFH invests in dual IPO of Pershing Square as anchor investor

GFH Bank (GFH) has announced its participation as an anchor investor in the combined initial public offering (IPO) of Pershing Square and Pershing Square USA a landmark dual listing on the New York Stock...

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