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Banking & Finance

MSX raises $32 billion in five years as Roundtable reveals Oman’s capital market growth

Held in the presence of Abdulsalam bin Mohammed al Murshidi, President of the Oman Investment Authority, and Mohammed bin Mahfouz al Ardhi, Chairman of...

Kuwait’s new legislation regarding public borrowing allows debt issuance up to 50 years, capped at KD30 billion

The law, announced by the Ministry of Finance, permits the issuance of financial instruments with maturities of up to 50 years and sets a...

Markets steady after Nasdaq’s biggest drop in two years

Europe’s Stoxx 600 index remained flat in early trading, while Asia-Pacific stocks pared earlier losses, recovering from a 1.75% drop to trade just 0.5%...

Saudi National Bank profits soar 3.9% in first nine months of 2024

The bank's net earnings reached an impressive 15.64 billion riyals (approximately $4.16 billion), up from 15.05 billion riyals ($4.01 billion) in the same period...

Emirates NBD hits record profits of Dh19 billion in the first nine months of 2024

Emirates NBD reported a 9% increase in net profit for the first nine months of 2024, reaching Dh19 billion ($5.1 billion), up from Dh17.5 billion ($4.7 billion) during the same period last year.

UAE Cabinet unveils record-breaking Dh71.5 billion budget for 2025

Led by His Highness Sheikh Mohammed bin Rashid Al Maktoum, the 2025 budget, the largest in the nation’s history, is a testament to the...

Aramco goes global with Dollar Sukuk

According to a filing on the Tadawul exchange, the sukuk will represent direct, unsubordinated, and unsecured obligations of SA Global Sukuk Limited. The size...

India eyes $1 trillion export goal

India’s Trade Opportunities in a Changing Global Context, highlights that while India continues to grow at a rapid pace, hitting its ambitious $1 trillion...

Cryptophoria

A significant catalyst behind the pioneer cryptocurrency Bitcoin's record-breaking surge into an astonishing $72,000 on March 12 was the recent announcement by the London...

Cyberwise

With the global cybersecurity market doubling its revenue from US$83.32bn in 2016 to approximately $166bn in 2023, the urgency to combat cyber threats has...

Ola Electric set for $4.5 billion IPO, a 20% valuation drop

Ola Electric, the SoftBank-backed Indian e-scooter manufacturer, is preparing for its upcoming initial public offering (IPO) with an anticipated valuation of approximately $4.5 billion,...

Don't miss

National Life and General Insurance Company: Delivering value beyond insurance to customers

Oman’s largest insurer NLGIC is on course to become a regional multi-line, multi-country giant delivering value beyond insurance to the customers.

AI central to UAE’s economic diversification, says COP28 President-Designate

AI will contribute to the UAE’s net zero strategic initiative by 2050 and help unlock advances in climate progress, says H.E. Dr. Sultan Ahmed Al Jaber, UAE Minister of Industry and Advanced Technology.

Economic growth in GCC to more than halve in 2023: World Bank report

However, the GCC growth will still outperform the wider Middle East and North Africa region, forecast to grow by 3% in 2023, down from 5.8% growth in 2022.

KitchenomiKs aims to transform on-demand food economy in Oman

KitchenomiKs cooks up dainty on-demand delicacies, tossing in emerging technologies, yummy multi-brand choices and seamless delivery.

Real estate sector in GCC experiencing ‘profound transformation’: Expert

The real estate sector in the GCC region is...
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