Insights: The rise of banking-as-a-service (baaS) and its impact

Insights: The rise of banking-as-a-service and its impact

The future of BaaS in the GCC looks promising, driven by advancements in regulatory technologies (regtech), quantum computing and 5G/6G technology

Bacha Coffee’s Maranda Barnes on redefining the coffee experience in the GCC

From its flagship opening on Paris’s Champs-Élysées to rapid expansion across the GCC, Barnes discusses the evolving coffee landscape and the brand’s unique approach to offering refined experiences

Insights: How regtech can turbocharge economic transformation

Insights: How regtech can turbocharge economic transformation

By combining advanced digital tools, data analytics and automation, regtech streamlines processes, alerts against violations, creates reassurance, and can enhance operations

Egypt’s Suez Canal Economic Zone set for rapid expansion, CEO says

Egypt’s Suez Canal Economic Zone set for rapid expansion, CEO says

The zone has been setting itself up as a centre for green fuels, including green hydrogen, green ammonia and green methanol

Türkiye’s central bank raises inflation forecasts, vows tight policy

Türkiye’s central bank raises inflation forecasts, vows tight policy

The bank’s previous inflation report three months ago forecast year-end inflation of 38 per cent in 2024 and 14 per cent next year

ADNOC L&S awards $4.4bn contracts to build 23 supertankers

ADNOC L&S awards $4.4bn contracts to build 23 supertankers

The company is executing a transformative growth strategy encompassing fleet expansion and global market entry

How Asus is redefining the future of work & learning with AI solutions

How ASUS is redefining the future of work & learning with AI solutions

Madeleine Hung, general manager of EMEA Commercial System BG at ASUS, says ASUS’s AI-powered PCs enhance productivity and efficiency for workers, teachers, and students

Federal Reserve Chair Jerome Powell Holds His Monthly Press Conference. (Image: Getty)

US Fed rate cut triggers GCC ripple effect – here’s what it means

Most GCC economies have been largely shielded from stubbornly high inflation elsewhere, and have implemented ambitious plans to diversify revenue sources and boost non-oil growth

Mohamad Hashem on how Kaspersky is fortifying Saudi’s digital space

How Kaspersky is fortifying Saudi Arabia’s digital space

Mohamad Hashem, general manager of Saudi Arabia and Bahrain at Kaspersky, says the company is committed to bolstering the kingdom’s defences against sophisticated cyber threats

ADNOC awards Dhs720m in manufacturing contracts in the UAE

ADNOC awards Dhs720m in manufacturing contracts in the UAE

ADNOC’s ICV programme targets further economic reinvestment, aiming to drive Dhs178bn back into the UAE economy over the next four years

MENA IPO outlook remains positive in Q3 2024 despite global slowdown

MENA IPO outlook remains positive in Q3 2024 despite global slowdown

The MENA IPO market is expected to close out 2024 on a high note, driven by government support for economic diversification and growing interest from regional and global investors in the MENA region’s dynamic opportunities

Why AIOKA is shifting into top gear for top-tier global campaigns

CEO Max Palethorpe unpacks how the company is leveraging the glamour of F1 to create tailor-made corporate events for global powerhouses

Lulu Retail’s $1.72bn Abu Dhabi IPO attracts bids worth Dhs135bn

Lulu Retail’s $1.72bn Abu Dhabi IPO attracts bids worth Dhs135bn

The hypermarket chain operator initially planned to sell a 25 per cent stake and raise as much as $1.43bn, but it increased the size of the IPO

The future of 5G, fixed wireless access, digital transformation

SAMENA Council’s Bocar A. BA discusses advancements in telecoms and how the SAMENA Council’s strategic initiatives align with the United Nations’ Connect 2030 agenda and sustainable development objectives

Emirates Group posts $2.8bn in 2024/25 half-year profit

Emirates Group posts record half-year profit on robust travel demand

The group’s revenues in the first six months of its financial year jumped by 5 per cent to $19.3bn (Dhs70.8bn)

Abu Dhabi’s IHC posts Dhs18bn in nine-month net profit

Abu Dhabi’s IHC posts Dhs18bn in nine-month net profit

The holding firm’s financial position is backed by its total assets of Dhs382.9bn as of September 30, driven by investments and asset transfers

UAE’s ADNOC agrees multi-year LNG supply deal with SEFE

UAE’s ADNOC agrees multi-year LNG supply deal with SEFE

The deal, which expands the UAE’s efforts to become a key supplier of LNG, converts a preliminary deal signed in March to a definitive sales agreement

ADNOC awards contract to expand 3d seismic survey Image courtesy ADNOC

ADNOC awards $490m contract to expand world’s largest 3D seismic survey

The 3D mega seismic survey, which began in late 2018, covers a vast 85,000 square kilometres across onshore and offshore areas in Abu Dhabi

Insights: Careers with purpose in a world of change

Insights: Careers with purpose in a world of change

The right sort of education in banking and finance is going to become even more important for the GCC in a world of technology-driven automation and climate change, says the MD of MENA and Asia at The London Institute of Banking & Finance

UAE debt market registers 13.1% YoY growth, Fitch Ratings says

UAE debt market registers 13.1% YoY growth, Fitch Ratings says

The growth in the country’s debt capital markets demonstrates its expanding financial landscape and its strategic role in the global Islamic finance market

UAE unveils National Investment Strategy Image DubaiMedia Office copy

UAE unveils National Investment Strategy 2031

The National Investment Strategy 2031 is more than a roadmap for FDI growth; it represents the UAE’s strategic intent to be a leader in emerging sectors and a magnet for top talent

MAF replaces Carrefour in Jordan with Hypermax

UAE’s MAF replaces Carrefour in Jordan with new ‘Arab grocery chain’

Carrefour Jordan had announced late Monday in a Facebook post that it would no longer operate in the country

ADIPEC 2024: ADNOC, Masdar, Microsoft to drive AI, low-carbon initiatives

ADIPEC 2024: ADNOC, Masdar, Microsoft to drive AI, low-carbon initiatives

The collaboration will support environmental and economic goals through AI-driven initiatives in renewable energy, carbon capture and efficiency improvements

Jamal Saleh - UBF DG on the potential of digital lending and financial inclusion

UAE Banking Federation’s Jamal Saleh on the potential of digital lending

Jamal Saleh, director general of the UAE Banks Federation (UBF), emphasises the need for a robust and inclusive digital lending ecosystem in the UAE to support economic growth and financial inclusion

Oman’s OQ to offer 49% stake in methanol, ammonia unit

Oman’s OQ to offer 49% stake in methanol, ammonia unit

The listing would allow investors to invest in Oman’s only production company of methanol, ammonia and LPG products

7 strategies for GCC retailers to ace customer centricity

7 strategies to help GCC retailers ace customer centricity

Consumer preferences are evolving with more than 60 per cent of customers in the GCC interested in adjacent services from their current retailers, according to Oliver Wyman’s latest survey

Saudi Aramco reports 15% drop in Q3 profit, maintains dividend

Saudi Aramco reports 15% drop in Q3 profit, maintains dividend

Aramco expects to declare total dividends of $124.3bn in 2024, of which $43.1bn would be performance-linked dividends

ADNOC Drilling JV to acquire 95% stake in Deep Well Services for $223m

ADNOC Drilling JV to acquire 95% stake in Deep Well Services for $223m

The transaction, subject to regulatory approvals, would be on a cash-free, and debt-free, excluding transaction fees and expenses

Saudi wealth fund PIF to acquire 54% stake in MBC Group

Saudi Arabia’s PIF to acquire 54% stake in MBC Group

The finance ministry will transfer the entirety of its stake to the PIF at a share price of SAR41.60 apiece, subject to regulatory approvals and non-objections

Lulu Retail boosts IPO size to 30% on strong demand

The price range for the shares remains unchanged at between Dhs1.94 and Dhs2.04 per share