Sheikh Tahnoon named chair of $790bn Abu Dhabi sovereign wealth fund
Sheikh Tahnoon bin Zayed al-Nahyan has been appointed chair of the $790bn Abu Dhabi Investment Authority, the main sovereign wealth…
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Dubai’s Union Properties returned to profit in 2022 but faces dissolution vote
Dubai-based Union Properties returned to a profit of AED 30 million ($8.2 million) in 2022. However, the developer will present…
Abu Dhabi-based IHC’s 2022 profit surges to a record $8.9bn
International Holding Company said its annual net profit surged 181 per cent in 2022 to a record $8.9bn (Dhs32.6bn), the…
IFC Invests in First Green Bond in Jordan to Boost Climate Finance, Spur Growth
IFC's pioneering investment in Jordan's first green bond will help fund green projects in the country, addressing growing climate challenges…
Zywa and Mastercard Join Forces to Empower Gen Z in the UAE
UAE-based fintech Zywa has entered a new strategic partnership with Mastercard as it looks to enable its Gen Z user…
Qatar's FX reserves, hard currency liquidity rose to $64.56bln in February
Qatar Central Bank's international reserves and foreign currency liquidity rose to 235 billion Qatar riyals ($64.56 billion) in February against…
Dubai records over $408mln in realty transactions on Thursday
Dubai real estate market recorded 502 sales transactions worth AED1.2 billion, in addition to 98 mortgage deals of AED388.51 million,…
Saudi makes visa rule change; opens doors to all GCC residents
Saudi Arabia has announced a major change to the visa application process with regard to the residents of Gulf countries.…
Price competition ‘erodes’ profitability of UAE insurers
Intense price competition in the UAE insurance market is eroding the profitability of listed insurance firms, global credit rating agency…
Investments in Saudi Arabia’s digital infrastructure hit $25bn in 6 years
Saudi Arabia’s communications and technology market is witnessing rapid growth with SR93 billion ($24.7 billion) worth of investments already pumped…
UAE climate change minister is new board member of country’s largest bank
The UAE’s Minister of Climate Change and Environment has been appointed as the first female board member of the country’s…
Saudi Arabia, Germany sign 7 deals to enhance investment cooperation
Saudi Arabia and Germany have signed seven agreements following a high-level delegation’s three-day visit to Berlin, the Saudi Press Agency…