Monday 30 January 2023

Saudi Exchange lists Albilad MSCI US Tech ETF

Saudi Exchange celebrated the listing of Albilad MSCI US Tech ETF today (January 23) on the main market.    The listing ceremony was attended by Mohammed Al Rumaih, CEO of Saudi Exchange, and Zaid Al-Mufarih, CEO of Albilad Capital. 


Call for regulation of social media financial influencers

A landmark survey of individual investors across the UAE by Friends Provident International (FPI) has highlighted the need for much greater regulation of financial advice provided by ‘celebrity’ social media influencers. One of the key features of the financial advice


GCC will continue to outperform global economy: FAB

The Gulf Cooperation Council (GCC) is likely to continue outperforming the global economy in 2023 in economic growth with GCC states’ GDP growth to be around 4.2% in the year ahead after ending 2022 close to 6.5%, says a report.    Th


Bayanat AI 2022 net profit zooms 110pc to $55m

Bayanat AI, a leading provider of AI-powered geospatial solutions, has seen its 2022 net profit zoom 110% to AED202 million ($55 million) and revenue shoot up 115% to AED788 million.   Bayanat’s last year’s revenue was AED367 million


TAM receives CMA approval for IPO and Saudi share listing

Riyadh-based TAM, a Saudi management consulting and digital solutions firm, will come out with an initial public offering (IPO) and list 585,600 of its shares, accounting for 16% of share capital, as it expands its presence.    The Saudi Capital Markets Aut


Inaugural edition of Mena IPO Summit begins in Dubai

The inaugural edition of Mena IPO Summit, which got under way on January 23, is shedding light on the strong impetus and promising prospects of the IPO sector in Dubai.   “Last year, Dubai accounted for 40% of IPO activity in the Gulf region, representing


FTA opens corporate tax pre-registration through EmaraTax

The UAE’s Federal Tax Authority (FTA) has launched corporate tax early registration for certain companies through EmaraTax, the UAE’s digital tax services platform.   The step comes in line with Federal Decree-Law No 47 of 2022 on the Taxation of Cor


Dubai Customs hits 25.7m transactions, 2,147 seizures in 2022

Dubai Customs completed 25.7 million customs transactions in 2022, while maintaining the highest levels of security at the emirate’s borders, making 2,147 seizures.   The department dealt with 388 intellectual property disputes in 2022, which included 14.5


Bahrain showcases unique investment opportunities at WEF

Bahrain has showcased its unique investment opportunities, along with the kingdom’s achievements under the Economic Recovery Plan during its participation at the World Economic Forum (WEF) 2023 annual meeting.   Bahrain’s high-level delegation was le


Masdar City signs MoU with Wio Bank to support SMEs

As part of Abu Dhabi Sustainability Week, Masdar City has signed an MoU with Wio Bank, the region’s first platform bank regulated by the Central Bank of the UAE, to support SMEs with innovative beyond-banking services.   The agreement grants Masdar City Fr

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