ADGM celebrates decade of operations with 36% surge in AUM
Total AUMs within ADGM rise to 36% in 2025, while the number of asset and fund managers, collectively managing 244…
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Qatar International Islamic Bank shareholders approve 53% cash dividend for FY2025
Qatar International Islamic Bank shareholders have approved a total cash dividend distribution of 53% of the bank's paid-up capital, equivalent…
Egypt's cabinet approves 2026/27 budget with $96.7bln of spending
Egypt's cabinet approved the 2026/27 budget with 5.1 trillion Egyptian pounds ($96.7 billion) of expenditure, it said on Thursday in…
No consent, no cut: The UAE salary rule employers can’t ignore
Regional tensions have sparked broader concerns across GCC states, including the UAE, about the potential economic impact. A Gulf…
GCC wealth funds, SoftBank and Temasek part of US investment consortium backing AI projects
UAE’s Mubadala and Qatar’s wealth fund, along with Japan’s SoftBank and Singapore’s Temasek, have been named as part of a…
Saudi AI company Humain partners with Turing to launch world’s first enterprise AI agent marketplace
Saudi company Humain has announced a partnership with US artificial intelligence company Turing to build what the two companies describe…
Dubai gold jumps after dip, buyers rush back as prices swing
Dubai gold prices moved higher on Friday morning, reversing part of the previous day’s decline and drawing renewed attention from…
Blackstone invests $250mln in UAE payments infrastructure firm
Blackstone Inc. has invested $250 million in an Abu Dhabi–based payments technology platform, signalling confidence in the region despite heightened…
Dubai Investments appoints Nishant Shah as the chief financial officer
Dubai Investments PJSC, has announced the appointment of Nishant Shah as its Chief Financial Officer. Nishant has been serving…
Dubai luxury property market brings developer sales of AED 10.92bln in March
Dubai’s luxury property market continues to show strong momentum, with developer sales of AED10.92 billion in March and a 42%…
National Bank of Bahrain reopens branch network
The National Bank of Bahrain (NBB) has announced the full reopening of its entire branch network across the kingdom, in…
Saudi National Bank stock gains 3.12% amid robust banking sector momentum on Tadawul exchange
The Saudi National Bank stock (ISIN: SA13C010V014) climbed 3.12% to 41.58 SAR on the Saudi Exchange (Tadawul), reflecting strong investor…