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Burgan gets ISO certification for risk management strategyBurgan, a Kuwait-based conventional bank, has announced that it has received — Business Continuity Management Systems (BCMS) certification, ISO 22301:2019, attesting to the bank’s forward-thinking risk management and mitigation strategies and confirming its ability to uphold its o More… |
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Investcorp Capital buys portfolio of private market investmentsInvestcorp Capital, a major investor in private markets and alternative investment opportunities, has announced that it has acquired a major interest in a diversified portfolio of assets consisting of corporate investments, real assets and credit investments (The Portfolio) from the Investcor More… |
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RAK Properties 2024 revenue soars to $381m; profit up 39pcRAK Properties, a leading developer in the northern emirate of Ras Al Khaimah, has reported a 40% year-on-year revenue growth in 2024 which soared to AED1.4 billion ($381 million), up from AED1 billion ($272 million) the previous year. The announcement came du More… |
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Umm Al Qura IPO gets solid response from retail investorsSaudi-based Umm Al Qura for Development and Construction today (March 13) announced the successful completion of the offering period for retail investors for the company’s initial public offering (IPO). Umm Al Qura is the owner, developer and operator of More… |
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Saudi bank credit rises 15% to $801.44bnThe total bank credit granted to the public and private sectors in Saudi Arabia reached its highest level at SAR3,005.9 billion ($801.44 billion) by the end of January 2025, according to the monthly statistical bulletin issued by the Saudi Central Bank (SAMA) for January 2025. &n More… |
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Alpha Data completes Abu Dhabi Securities Exchange listingThe Abu Dhabi Securities Exchange (ADX), the second-largest exchange in the Middle East, today (March 11) welcomed the successful listing of Alpha Data, a leading digital transformation provider and systems integrator in the UAE. Alpha Data’s IPO attract More… |
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UAE cabinet approves National Investment Strategy 2031The UAE cabinet at its key meeting yesterday (March 10) approved the National Investment Strategy for the next six years under which it aims to boost the annual foreign investment inflows from AED112 billion ($30.4 billion) in 2023 to AED240 billion (65 billion) by 2031. More… |
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Saudi Arabia posts highest quarterly growth in two yearsSaudi Arabia has registered a 1.3% growth in real GDP compared to the previous year, with non-oil and government activities surging by 4.3% and 2.6%, respectively, while oil activities declined by 4.5%, according to the General Authority for Statistics (GASTAT), while releasing the GDP report More… |
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Bahrain Bourse joins global exchanges to ring the bell for gender equalityBahrain Bourse (BHB), a licensed exchange by the Central Bank of Bahrain, participated in the annual United Nations ‘Ring the Bell for Gender Equality’ initiative in conjunction with the celebration of International Women’s Day yesterday (March 8), thus marking its seventh c More… |
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GCC inflation up 1.7% in October 2024 on housing pricesThe overall inflation rate in the Gulf Cooperation Council (GCC) countries rose by 1.7% at the end of October 2024 compared to the rate recorded during the same month of the previous year, according to the data released by the Statistical Centre for the Cooperation Council for the Arab Countr More… |
