Abu Dhabi's ADNIC to acquire 51% stake in Saudi insurance firm
Abu Dhabi National Insurance Company is set to acquire a 51% stake in Allianz Saudi Fransi Cooperative Insurance Co for…
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Fitch affirms Commercial Bank’s rating at ‘A-’ with positive outlook
Fitch Ratings has again affirmed Commercial Bank’s unchanged long-term issuer default rating at “A-” with a positive outlook. The…
QIB recognised as Qatar’s Best Bank for ESG
Qatar Islamic Bank was recognised by the Euromoney Awards for Excellence 2023 as Qatar’s Best Bank for ESG. This…
Jumeirah Group appoints senior vice president of architecture and spatial design to drive luxury identity
Jumeirah Group, the luxury hospitality company and member of Dubai Holding, has announced the appointment of Joanne Behrens as Senior…
Roland Berger event introduces young Saudi's to strategy consulting
Over 60 young Saudi professionals participated in Roland Berger’s Hema Case Competition, with the event’s star performers now well lined…
ADX appoints BNY Mellon for global custody offering
Abu Dhabi Securities Exchange has appointed BNY Mellon, the world’s largest custodian bank, to support dual listings on ADX by…
UAE: 5.73 million subscribe to unemployment insurance scheme
The Ministry of Human Resources and Emiratisation (MoHRE) revealed that approximately 5.73 million employees have subscribed to the Unemployment Insurance…
UAE's AMEA Power to set up $86mln solar project in Tunisia
UAE-based renewable energy company AMEA Power will develop a solar photovoltaic project in Tunisia. The $86 million project, which…
UAE's crypto transactions hit nearly $35bn amid rising regulatory clarity
The value of cryptocurrency transactions received by the UAE reached nearly $35 billion between July 2022 and June this year,…
Mastercard joins with Rochester Institute of Technology in Dubai to foster nex-gen AI talent
With AI playing an increasingly transformational role across our lives, Mastercard and the Rochester Institute of Technology (RIT) in Dubai…
Implementing Saudi Arabia's personal data protection law
The Kingdom of Saudi Arabia has recently taken a significant step towards bolstering data privacy with the introduction of the…
Oman bank credit jumps 8.7% to reach RO30bn mark in July
In a sign of robust economic growth and growing demand for bank loans, bank credit growth in Oman jumped to…