Several banks in the region are reportedly considering acquisitions in Turkiye, Egypt, and India to diversify business models and enhance profitability
The UAE has long advocated deeper EU involvement in the region
The new UAE farm aims to produce over 4.5 million pounds of premium strawberries for local consumption and export within the GCC.
Blockchain offers significant benefits for Islamic finance, including enhanced transparency and the development of innovative financial products
The GCC Secretary-General’s London visit comes a week after the UK elected a new Labour government
State investors accounted for 54 per cent of the $96bn deployed by sovereign funds – the highest rate since 2009
Deliberations between the two lenders are reportedly ongoing but there is no certainty that they will result in a deal
The overall GCC budget position is projected to remain somewhat in surplus this year, driven by robust financial standings and favourable credit ratings
The CTO shares the findings of Help AG’s State of the Market Report, which delivered key insights into cybersecurity threats, trends and emerging technologies over the past year
Top GCC telcos are looking for new ways to expand their businesses and diversify revenue streams as they reinvent themselves as techcos
Cryptocurrency is more than just a new asset class, it represents a fundamental change in how assets are managed and verified
This strategic investment will leverage B.Grimm Power’s experience and capabilities to develop solar energy projects across the UAE, Saudi Arabia, and Bahrain
S&P’s affirmation of Bahrain’s credit ratings and stable outlook highlights the country’s ongoing fiscal reforms and support from GCC allies
The awards aim to recognise innovation, financial performance, service delivery, corporate social responsibility, growth, and product quality.
The report showed that while the UAE leads the region with women holding board seats, the overall picture for the GCC is less rosy
The company priced its IPO at the top of the previously announced range, selling its shares at Dhs1.53 per share to raise $375m (Dhs1.38bn)
Under the new arrangement, nationals of Saudi Arabia, Oman, and Bahrain will be eligible for five-year multiple-entry Schengen visas
This initiative, announced at Investcorp’s China-GCC Investment and Business Cooperation Summit, aims to attract institutional and private investors from the GCC, along with CIC
Gulf economies are seen growing 2.4 per cent this year, a downward revision of 1.3 percentage points from October
The ratings agency expects Oman’s real GDP to expand by about 2 per cent per year on average during the 2024-2027 period
The trade pact is expected to lead to one of the world’s largest free trade areas, between Türkiye and the GCC, with a total value of $2.4tn
Representatives of the GCC and EU meet in Belgium to discuss the visa-waiver programme
The strategy, which envisions investments in supply chain and tech capabilities, will be financed from the company’s operating cash flow
The GCC region is set to see more equity capital markets activity in 2024 as more companies are considering public listings amid a global slowdown
GDP growth for Saudi Arabia in 2024 is expected to top 2.1 per cent, while growth in the UAE is set to reach 4.4 per cent
With AI increasingly evolving into a general-purpose technology, issues of control and accountability have been brought to the forefront
Sovereign funds in the GCC region are key to their respective governments’ national development plans and contribute to deploying national wealth in strategic sectors of interest
Yves Bruggisser, equity partner and Head of Zone Middle East Pictet Wealth Management tells us that the UAE is at the heart of a networking hub that attracts innovation and ambition
The alternative investment firm listed Investcorp Capital on the Abu Dhabi exchange last year, defying a depressed market for IPOs
The UAE consolidated its status as the preferred destination for investors due to its business-friendly regulations and efficient legal framework