Almost all Gen Z and millennials in Saudi Arabia will be frequent AR users by 2025
Snap has reemphasized the integral role of Augmented Reality within the shopping and retail industry at this year’s 9th Retail…
Hedge Funds & Alternative Investments
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Saudi mining giant Ma'aden gets DIFC captive licence
Saudi Arabian Mining Company (Ma'aden), the largest multi-commodity mining and metals company in the Middle East and one of the…
UAE’s Mubadala, Stone Point to acquire 20% in US broker Truist Insurance for $1.95bln
Abu Dhabi sovereign wealth fund Mubadala Investment Company and private equity firm Stone Point Capital are acquiring a stake in…
UAE private sector can rise to challenge of more jobs for Emiratis
Subtle, but meaningful, changes are taking place in the UAE employment market, although their significance will only grow over time.…
Saudi Arabia pumps $5bn into Turkish economy
Saudi Arabia and Turkiye on Monday concluded a long-awaited agreement for the Kingdom to invest $5 billion in the central…
Qatar Financial Centre PMI
PMI rises to six-month high as activity and new orders rebound Future Output Index improves further to 41-month high Wage…
Egypt’s foreign reserves surge to over $34bn in February
Egypt’s foreign reserves surged to reach $34.35 billion by the end of February 2023, the latest data from the Central…
UAE, Italy sign agreements, aim to strengthen partnership
The UAE and Italy have announced the promotion of their relations to the level of ‘Strategic Partnership’, according to the…
Abu Dhabi’s Presight AI announces intention to launch IPO, list on ADX
International big data analytics company Presight AI Holding has announced its intention to carry out an initial public offering (IPO)…
UAE’s Alpha Dhabi sees net profit rise by 104% to Dhs10.6bn
Alpha Dhabi Holding has reported its financial results for the full-year period ending December 31, 2022. In 2022, Alpha…
Abu Dhabi's G42 to launch IPO for second subsidiary, presight.ai, in Dh1.8b issue
The Abu Dhabi based G42 Group is launching an IPO for a second subsidiary – presight.ai – by offering 1.35…
Banque du Caire launches “Tally” e-payments company, with $16.28mln paid-up capital
Tarek Fayed, Chairperson and CEO of Banque du Caire, announced the launch of the “Tally” e-payments platform, as one of…