Dubai-based last-mile delivery startup secures $16mln in funding
Wize, a Dubai-based startup that provides eco-friendly solutions for the last-mile delivery market, has raised $16 million in a pre-seed…
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EFG Holding posts EGP3bn in Q3 2023 revenue
EFG Holding posted higher quarterly revenue and profit, driven by robust growth across the investment bank (EFG Hermes) and the…
UAE Corporate Tax: Big relief for commodity traders in free zones
The taxation aspect at UAE free zones is back into focus. A new cabinet decision and a corresponding ministerial decision…
Al Salam Bank launches 'Al Salam Takaful' for individuals, SMEs
Al Salam Bank has partnered with Solidarity Bahrain to launch ‘Al Salam Takaful’, a comprehensive Shari'a-compliant insurance package. Individuals…
Saudi welcomes first hybrid and EV maintenance network with Petromin EV auto care
Petromin, a leading name in the automotive industry, made history on November 13, 2023, with the grand launch of the…
Value of UAE, Saudi sustainable-linked bonds issuances hit $16.1bln in 9M 2023
The combined value of green, social, sustainable, and sustainable-linked bonds (GSSSB) issuances in the UAE and Saudi Arabia reached $16.1…
More than 70% of customers pick their banks based on loyalty programme: Expert
More than 70 per cent of customers pick their bank according to the loyalty programs they offer. However, only 13…
Dubai Investments reports net profit of AED 817.02mln for the nine-month period ended September 30, 2023
Dubai Investments has reported net profit of AED 817.02 million for the nine-month period ended September 30, 2023 compared to…
Saudi central bank Oct preliminary data shows net foreign assets down by $13.77bln
Saudi central bank preliminary data for October showed on Tuesday foreign assets decreased by $13.77 billion from the previous month.…
GFH's Q3 profit rises on investment banking income
GFH Financial Group, an investment bank based in Bahrain, reported a more than 1 per cent annual increase in third-quarter…
Islamic finance – View from the investor
While the Sharia funds sector is growing at pace, there are areas in need of competence and abandoning the assumption…
Fairmont Dubai Sheikh Zayed Road appoints Mihir Patel as Director of Sales
Fairmont Dubai Sheikh Zayed Road has announced the appointment of Mihir Patel as the new Director of Sales. With over…