RTA plans to embrace cloud computing with new AWS agreement
Dubai’s Roads and Transport Authority (RTA) has entered into an agreement with Amazon Web Services (AWS), under which the Amazon…
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Will foreign investors turn their eyes to UAE, GCC markets in 2024?
As the US key stock market benchmark S&P 500 reaches record highs in early 2024, the focus shifts to potential…
Banque Saudi Fransi posts 18% higher net profit for FY 2023
Bannque Saudi Fransi reported a 2023 full-year net profit of 4.22 billion riyals ($1.12 billion), up 18% year-on-year (YoY). …
Fitch affirms Saudi Arabia 'A+' rating on strong balance sheet, fiscal buffers
Fitch Ratings has affirmed Saudi Arabia’s long-term foreign-currency issuer default rating (IDR) at ‘A+’ with a ‘stable’ outlook. The…
Sovereign wealth funds lead Middle East M&As – Bain & Co
Government-backed funds accounted for more than 80% of deals last year Government-backed funds dominated the dealmaking circles in the…
UAE banks to lead regional growth in 2024
The UAE banking sector is likely to maintain its solid performance in 2024 and take the lead in regional growth…
Saudi National Bank reports more than 7% jump in 2023 net profit
Saudi National Bank, the kingdom's largest bank by assets, posted a 7.7% jump in full-year net profit on Monday, supported…
UAE records first digital dirham transaction via mBridge CBDC
The United Arab Emirates (UAE) has completed its first cross-border payment with the digital dirham via the mBridge platform. …
GCC companies rush into Saudi Arabia
Companies in the GCC are expanding in Saudi Arabia to tap the massive opportunities being created by $3 trillion worth…
Burgan Bank appoints Meshari Abduljalil Shehab as General Manager of private banking and wealth management
After obtaining all necessary approvals from the Central Bank of Kuwait, Burgan Bank announced the appointment of Mr. Meshari Abduljalil…
Gulf Business launches WhatsApp channel; here’s how to sign up
Gulf Business has launched its new WhatsApp Channel, bringing you the biggest news and updates from the world of business…
ADIB leads $178mln financing deal for Giza Systems, VAS Integrated Solutions
Abu Dhabi Islamic Bank Egypt and its investment arm, Abu Dhabi Islamic Capital, have arranged a joint financing deal that…