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Improved productivity 'can boost GCC GDP by $2.8trn'Improving the weakest productivity determinants of GCC economies could accelerate regional GDP growth from 3.5% to 6%, adding $2.8 trillion to the region’s GDP over the next decade, a report said. The report, part of the second edition of the Produ More… |
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Investcorp Capital names Mohamed Aamer as Interim CEOInvestcorp Capital, a leading investor in private markets and alternative investment opportunities headquartered in Bahrain, has announced the appointment of Mohamed Aamer as its Interim CEO effective March 1. Aamer will succeed Tim Mattar, the current C More… |
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Bahrain iGA records 13,000 registrations for eKey 2.0 within one dayBahrain's Information & eGovernment Authority (iGA) today (February 10) announced that the total number of registrations of the "Revamped eKey 2.0" app - developed in collaboration with Beyon Connect - has crossed 13,000 within one day of its official launch. &n More… |
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Bluewater to sell Apex International EnergyBluewater, a specialist energy private equity firm, has signed an agreement to sell Apex International Energy, a leading independent player in oil and gas exploration and production in Egyptian upstream market. Pursuant to the agreement, subject to the fulfilm More… |
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Tamkeen backs Singapore Gulf Bank's hiring of 70 BahrainisBahrain's Labour Fund (Tamkeen) has announced its support for Singapore Gulf Bank (SGB), the digital bank backed by the kingdom's sovereign wealth fund Mumtalakat and privately held investment group Whampoa Group in boosting the employment of skilled Bahraini professionals in high val More… |
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Al Salam Bank net profit grows 40% to record $156.5mBahrain-based Al Salam Bank has achieved record profitability with net profit attributable to shareholders increasing by 39.8% to $156.5 million for the fiscal year ended December 31, 2024, up from $112 million in 2023. The substantial More… |
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UAE issues cabinet decision on top-up tax for multinationalsThe UAE Ministry of Finance has announced the issuance of Cabinet Decision No. 142 of 2024 on the introduction of the Top-up Tax for Multinational Enterprises, providing further details on the UAE Domestic Minimum Top-up Tax (UAE DMTT). This follows the More… |
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BENEFIT launches credit info exchange with Kuwait’s CinetBahrain’s innovator and leading company in Fintech and electronic financial transactions service BENEFIT has signed an agreement with Kuwait Credit Information Network Company (Cinet) for the launch of the credit information exchange to facilitate commercial credit inquiries between Kuw More… |
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Dubai GDP expands by 3.1% in first nine months of 2024Dubai’s economy continued its strong upward growth trajectory, with Gross Domestic Product (GDP) in the first nine months of 2024 rising 3.1% from the same period in 2023 to reach AED339.4 billion ($92.3 billion). The surge highlights significant strides across key sectors. More… |
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Mortgage financing for Bahrainis soars to $8bn in 2024Bahrain's mortgage loans accounted for the largest share of total personal loans granted to the kingdom's citizens in 2024, surging to hit BD3.03 billion ($8 billion), thus posting a 5% growth when compared to BD2.88 billion ($7.6 billion) the previous year, according to ASK Real Esta More… |