Saudi Arabia to introduce new facility management regulation in 2024
Saudi Arabia’s Real Estate General Authority will transform the housing sector by introducing its inaugural facility management regulation in the…
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Bahrain‘set to become top hub for all things fintech’
Bahrain has solidified its position as the prime destination for all things fintech, owing to a sophisticated digital infrastructure, agile…
Hub71 revamps incentive programme, strengthens support for startups in Abu Dhabi
Hub71, Abu Dhabi’s tech ecosystem, has enhanced its incentive programme. It will now provide startups with up to Dhs750,000 in…
UAE attracted $36bln FDI for renewable energy projects in 2022
The UAE has successfully attracted nearly AED132.5 billion ($36 billion) in FDI for the renewable energy projects coming up within…
Gitex 2023: UAE businesses aim to get AI-enabled fast and at reasonable cost
If 2022 was all about ‘clouds’ in the UAE’s tech industry, it’s AI taking the lead – an unsurpassable one…
Kuwaiti Islamic banks expect profit growth despite challenges: Fitch
Kuwaiti Islamic banks are forecast to see profit improvement in 2023 and 2024 despite mounting regulatory provisioning requirements, pressure on…
Oman's Bank Muscat H1 net profit up 7% on higher interest income
Bank Muscat, Oman's largest lender by assets, reported net profit for a nine-month 2023 of 158.88 million rials ($412.6 million),…
Dubai: Economy grows 3.2% in H1 2023
Dubai’s economy witnessed a growth of 3.2 per cent in H1 2023, compared to the same period last year. …
Oman In-Focus — Credit balance sees a 6.8% uptick in August
Oman’s banking sector saw a 6.8 percent year-on-year increase in outstanding credit balances, reaching 30.4 billion Omani rials ($79 billion)…
AI dominates at GITEX, as tech show opens in Dubai with future focused innovations
As the UAE’s annual tech show opens its doors in Dubai on Monday, it comes as no surprise that amidst…
Qatar Central Bank Issues Loan-Based Crowdfunding Regulation
Qatar Central Bank has issued the Loan-Based Crowdfunding Regulation for the purpose of licensing and regulating loan-based crowdfunding activities and…
AI dominates at GITEX, as tech show opens in Dubai with future focused innovations
As the UAE’s annual tech show opens its doors in Dubai on Monday, it comes as no surprise that amidst…