BlackRock Wins Saudi Arabia’s National Infrastructure Fund Mandate
BlackRock Inc., the world’s largest asset manager, won a mandate to help Saudi Arabia create and oversee the National Infrastructure…
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DFSA introduces regulatory framework for Investment Tokens
The Dubai Financial Services Authority has launched its regulatory framework for Investment Tokens. The framework reflects the proposed regulations outlined…
Alternatives investment firm debuts Middle East office led by industry veteran
Pretium has established its first Middle East office in Dubai. Jamal Saab has joined as Managing Director to head and…
UAE banking official says banks' assets to grow 8% in 2022: Al Arabiya
Emirati banks' assets are expected to grow 8% in 2022, Dubai-based Al Arabiya TV channel cited the head of the…
Saudi Arabia's Al Rajhi Bank sees 43% rise in net profit
Al Rajhi Bank, the biggest retail lender in Saudi Arabia, reported a significant jump in net profit for the third…
Prince Charles addresses Saudi Green Initiative Forum
The UK’s Prince of Wales has addressed the Saudi Green Initiative Forum in Riyadh, highlighting the “dangerously narrow” window for…
Saudi Aramco aiming to achieve net zero emissions by 2050, CEO reveals
Saudi Aramco is aiming to achieve net zero emissions by 2050, the company’s President and CEO Amin Nasser said at…
Optimistic recovery in real estate flourishes with newfound interest in luxury developments
Leading industry developers forecast a steady recovery in the real estate market with a promising interest from resilient investors, brokers…
BisB Outlines a Three-Year Sustainability Roadmap
In line with its strategy towards integrating Environmental, Social and Governance (ESG) considerations across all business fronts, Bahrain Islamic Bank…
Saudi National Bank posts 20% rise in quarterly profit
Saudi National Bank (SNB), the country’s biggest lender, on Sunday posted a nearly 20 percent rise in third-quarter profit from…
Abu Dhabi energy sector to achieve sustainable development: Awaidha Al Marar
Awaidha Murshed Al Marar, Chairman of the Abu Dhabi Department of Energy (DoE), has said that the energy sector in…
Abu Dhabi launches 'Virtual Licence' for non-resident foreign investors
The Abu Dhabi Department of Economic Development has launched the "Virtual Licence" allowing the non-resident foreign investors to obtain an…