Bahrain’s GFH US investments in AI, data centres exceed $200mln
Bahrain-based GFH Financial Group has confirmed that its US investments currently exceed $200 million, which have been earmarked for the…
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UAE's near-term growth strong, expected to remain healthy at around 4% in 2025: IMF
The International Monetary Fund expected UAE's near-term growth to remain healthy at around 4 percent in 2025, despite lower-than-expected oil…
Turkish Central Bank delivers expected 250bp rate cut
Following higher-than-expected inflation readings between September and November, the underlying trend in both headline and core inflation, which is closely…
ADIB Launches Money Management Tracker, Offering Customers Greater Insight Into Spending
Abu Dhabi Islamic Bank, the UAE-based financial institution, has launched a new personal finance management tool in partnership with Emirati…
IMF: Oman grows with inflation under control
Oman’s gross domestic product grew by 1.9% in the first half of 2024 compared to the same period in 2023.…
Dubai’s Samana Developers targets ultra-wealthy with $600mn Elie Saab Maldives hideaway
Dubai-based Samana Developers, in partnership with luxury fashion house Elie Saab, is courting regional footballers and ultra-high-net-worth individuals for its…
Dubai lures Chinese banks looking for opportunities in wealth management
Growing connections between China and the Middle East are prompting Chinese and Hong Kong financial companies to set up shop…
Praxis collaborates with Allvue Systems to deliver customer-centric innovation in international fund administration
Praxis has selected alternative investment software provider Allvue Systems to enhance its fund administration services. This move further aligns…
Saudi Arabia plans $600 billion in new US investment, trade over four years
Saudi Arabian Crown Prince Mohammed bin Salman told President Donald Trump that the kingdom wants to put $600 billion into…
Pakistan says it has agreed $1bln loan with two Middle East banks
Pakistan has agreed terms for a $1 billion loan with two Middle Eastern banks at a 6%-7% interest rate, its…
Saudi Vision 2030 spurring growth across the real estate sector, says industry leader at Davos
Saudi Arabia’s real estate sector is undergoing a transformation that ranges from affordable housing to luxury living under the Kingdom’s…
Ecobank faces $68m lawsuit over alleged defamation, coercion
Ecobank Transnational Incorporated (ETI), its CEO Jeremy Awori, and two other entities affiliated with the financial institution are facing a…