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Derayah Announces IPO, Set To List On Saudi Exchange With 20% Share Offering
Middle East Business News - Published date: .
The company said the offer price for the share sale will be determined at the end of the book-building period Read more
RAKBANK Posts Record Over AED 2bn Profits In 2024
Middle East Business News - Published date: .
For Q4’24, the profit after tax was AED 386M, and the profit before tax was AED 424M, representing declines of 10.4% ... Read more
DP World Announces Multi-currency Stablecoin To Support Global Trade Transactions
Middle East Business News - Published date: .
DP World stablecoins will solve many issues for cross-border payment solutions with introduction of stablecoin system Read more
UAE Secures Over $30bn In Crypto Investments In Just One Year: Report
Middle East Business News - Published date: .
With a proactive regulatory framework, the UAE presents investors with a balance between innovation and security Read more
DIFC Partners With Lloyds To Boost Future Talent In Insurance Sector
Middle East Business News - Published date: .
The agreement, which envisages a longstanding partnership, will help support development of a talent pipeline into the ... Read more
Paymob Secures UAE Central Bank License For Retail Payment Services
Middle East Business News - Published date: .
The regulatory nod also enables the company to provide merchants with its full suite of omni-channel solutions Read more
Open Banking Fuels GCC Fintech Boom As UAE, Saudi Lead Regional Growth Surge
Middle East Business News - Published date: .
The open banking payments volume in the GCC is projected to quadruple to over $930 billion by 2028 from $230 billion in... Read more
Saudi Arabia Leads Region With 178 Venture Capital Deals Last Year
Middle East Business News - Published date: .
Saudi venture capital funding is supporting business startups in the Kingdom Read more
UAE Gold Reserves Reach $6.7bn
Middle East Business News - Published date: .
CBUAE gold reserves surged by 34.8 per cent in the first 10 months of 2024 Read more
UAE Issues Limited Edition Silver Coin To Mark Central Banks 50th Anniversary
Middle East Business News - Published date: .
CBUAE issues limited edition 50th anniversary Golden Jubilee coin Read more
Mastercard, Ruya Collaborate To Bring Innovative Digital Products To UAEs Islamic Banking Landscape
Middle East Business News - Published date: .
The bank will benefit from the services of Mastercard Advisors, which employs more than 3,000 consultants in 53 countri... Read more
Saudi Banks Eye Global Capital Markets For Vision 2030 Growth Funding: S&P
Middle East Business News - Published date: .
Banks are also poised for stable profitability in 2025 on stronger credit growth Read more
CBUAE Reports $1.21 Trillion In Bank Assets By End Of October
Middle East Business News - Published date: .
Banks’ deposits increased by 1.5%, from AED 2,761.4 billion at the end of September to AED 2,802.5 billion at the end... Read more
Palms Sports Revenue Up 82.5% To $290mn For The Year
Sports and Eneterainment - Published date: .
The Abu Dhabi sports management company announces 41% YoY increase in gross operating profits to $49 million Read more
Palms Sports Revenue Up 82.5% To $290mn For The Year
Sports and Eneterainment - Published date: .
The Abu Dhabi sports management company announces 41% YoY increase in gross operating profits to $49 million The post P... Read more
DIB Increases Stake In Türkiyes Digital Bank To 25%
Middle East Business News - Published date: .
The move follows the initial acquisition in September 2023, further cementing DIB’s presence in Türkiye’s dynamic ... Read more
Saudi Commercial Registrations Surge By 60% In 2024
Middle East Business News - Published date: .
The registrations covered various economic sectors, with wholesale and retail trade, construction, accommodation and fo... Read more
KKR Invests $5bn In Dubais Gulf Data Hub
Middle East Business News - Published date: .
Gulf Data Hub and KKR announce $5bn investment in Dubai-founded firm Read more
Abu Dhabis Numou Offers Lending Support To SMEs
Middle East Business News - Published date: .
Numou is expanding its lending partner network in Abu Dhabi Read more
Saudi Future Minerals Forum Ends With $28.5bn Of Deals
Middle East Business News - Published date: .
126 agreements and deals worth $28.5bn signed at Future Minerals Forum in Saudi Arabia Read more