Trust key to safe expansion of use of AI solutions, says PwC Middle East’s AI lead
Trust is key to the safe expansion of the use of AI solutions around the world, Dr. Scott Nowson, PwC…
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Saudi Arabia issues license for first foreign insurance company branch
The Saudi Central Bank announced on Monday the licensing of Cigna Worldwide Insurance Company; the first foreign health insurance company…
UAE foreign trade hits Dh2.2 trillion in 2022
His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai,…
Top businesses to start in the UAE in 2023
With a GDP growth of 7.6 per cent in 2022 and a projected growth of 4.2 per cent in 2023,…
Saudi Arabia, Oman sign executive programme to enhance ICT infrastructure
Saudi Arabia and Oman have signed an executive programme in the field of communications, information technology infrastructure and submarine communications…
LEAP23 announces investments of over $9bn to support future technology and startups
Leap23 opened a four-day run in Riyadh on Monday by announcing more than $9bn in investments to support future technologies,…
Fairmont The Palm announces new directorial appointments
Dany El Mahgiub joins Fairmont the Palm as Director of Operations Fairmont the Palm has appointed Dany El Mahgiub…
NOMO launches the Sharia-compliant 'Real Estate Finance' product to its customers in the Middle East
NOMO Bank has announced the launch of its real estate finance product, which allows all customers in the Middle East…
Kraken to focus on its “most mature” markets, reviews options on UAE’s ADGM licence
Kraken, one of the world’s largest cryptocurrency exchanges, has suspended its UAE currency operation to focus on its “most mature”…
ABK announces net profit growth of 19% in 2022
Al Ahli Bank of Kuwait reported a net profit of KD 32.3 million in the financial year 2022. The increase…
Investcorp to make strategic investment in DevOps Leader Eficode to boost global expansion
Investcorp has announced that it has agreed to make a significant investment to become a majority shareholder in Eficode (“the…
Al Salam Bank Wins ‘Best Retail Bank In Bahrain’
Al Salam Bank has achieved a significant milestone with its recent award of 'Best Retail Bank in Bahrain’ at the…