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Banking & Finance

Gulf stock markets see gains, boosted by rising oil prices despite regional tensions

Gulf stock markets started Tuesday on a positive note, buoyed by a 0.5% rise in oil prices, with Brent crude trading at $72.17 per...

Talabat eyes $1.5 billion in IPO on Dubai Financial Market

Talabat Holdings, a subsidiary of Germany’s Delivery Hero, has announced plans to raise up to $1.5 billion through its initial public offering (IPO) on the Dubai Financial Market.

Bitcoin breaks $75,000 mark as Donald Trump’s possible return fuels rally

Cryptocurrency soars to all-time high amid anticipation of Trump-led White House; Market sentiment remains bullish despite high prices.

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,...

From chaos to glory: This is the story of Georges Elhedery, the new CEO at HSBC

Georges Elhedery, Co-CEO of Global Banking & Markets at HSBC, starts his mornings with a brisk run through London's iconic landmarks, culminating at HSBC's...

Truecaller and HDFC ERGO launch Fraud Insurance in India to combat digital scams

Truecaller has joined forces with HDFC ERGO to introduce Fraud Insurance to combat digital communication fraud in India.

Dubai offers interest-free loans for property repair amid weather damage

In response to the recent adverse weather conditions in the UAE, Dubai's Mohammed Bin Rashid Establishment for Small and Medium Enterprises Development (Dubai SME) has rolled out a generous initiative.

New law issued to tax foreign banks in Dubai by 20% annually

Dubai issues a law mandating 20% annual tax on foreign banks operating in the emirate.

Maisarah Islamic Banking Services rebrands to ‘Dhofar Islamic’

The rebranding is more than just a change in name; but it is about redefining the value proposition to its valued customers.

Expat remittances in Saudi Arabia hit decade low, despite surge in population

According to a recent Saudi report, the flow of remittances from foreign workers in Saudi Arabia witnessed a significant decline in 2023, marking the second consecutive year of downturn.

LuLu Group considers $1 billion IPO, eyes dual listing in Riyadh and Abu Dhabi

LuLu Group International, a major player in the Middle East's hypermarket sector, is gearing up for a potential initial public offering (IPO) that could shake up the region's financial landscape.

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.

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.

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.

Mrunal Khimji: ‘We owe it to the environment and future generations’

Meet the self-taught fashion designer who creates pieces that can be carried forward by generations. And be confident to repeat your clothes.
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