Finance & Capital Market

Finance & Capital Market

Top investment firm Shorooq opens office in Qatar Financial Centre

Sat, 07 Nov 2026

Qatar Financial Centre (QFC), a leading onshore financial and business centre, has announced that Shorooq Doha Advisory Services, an UAE-based investment company, has opened its new office within its premises. Shorooq had early this year launched a $200 million growth fund that targets late-stage and pre-IPO technology companies across the GCC.

Finance & Capital Market

AI stock rout wipes trillions off global markets after Democrats' election sweep

Fri, 06 Nov 2026

Technology shares lead worldwide sell-off as investors fear tighter regulation and a slowdown in data centre construction; Asian chipmakers suffer heavy losses

Finance & Capital Market

Saudi Fund signs $403m loans for Syria infrastructure projects

Fri, 06 Nov 2026

The Saudi Fund for Development (SFD) has signed six concessional development loan agreements worth more than $403 million with the Syrian government to help support infrastructure rehabilitation, restore essential public services and improve living conditions as the country works towards recovery.

Finance & Capital Market

IHC revenue hits historic AED100.5bn, backed by global expansion

Thu, 05 Nov 2026

IHC, a global investment company focused on building dynamic value networks, has reported a revenue of AED100.5 billion for the nine-month period ending September 30, 2026, representing an increase of 33.2% year-on-year.

Finance & Capital Market

Savola posts 26% 9M recurring net growth; sets $55.9m dividend

Thu, 05 Nov 2026

Savola Group, an integrated food platform in the food and retail sectors across the Mena region, has seen its nine-month net profit attributable to shareholders reach SR530 million ($141.3 million), with recurring net profit, adjusted for non-recurring items, increase 26% to SR500 million.

Finance & Capital Market

Bahrain's Gateway Gulf 2026 unveils $22.3bn deals

Thu, 05 Nov 2026

Bahrain's Gateway Gulf 2026 unveiled $22.3 billion in strategic announcements, partnerships, and deals during its fourth edition this week.

Finance & Capital Market

Empower's 9M revenue hits $740m, net up 10.6%

Thu, 05 Nov 2026

Emirates Central Cooling Systems Corporation (Empower) has posted nine-month (9M) revenue of AED2.71 billion ($740 million) and net profit after tax of AED762 million, year-on-year growth of 4.6% and 10.6%, respectively.

Finance & Capital Market

PIF raises $3bn credit facilities to boost procurement from Italian suppliers

Wed, 04 Nov 2026

Saudi sovereign wealth fund PIF has announced that it has raised $3 billion-equivalent in dual-tranche credit facilities guaranteed by SACE, Italy’s export credit agency. The transaction will further expand trade and create new cooperation opportunities within PIF’s ecosystem to procure goods and services from Italian suppliers.

Finance & Capital Market

DIFC wealth, asset management firms cross 600 milestone

Wed, 04 Nov 2026

Dubai International Financial Centre (DIFC), the leading global financial centre in the Middle East, Africa and South Asia (MEASA) region, is now home to over 600 wealth and asset management companies - triple the number of other centres in the market, it was revealed on Wednesday.

Finance & Capital Market

Bahrain FinTech Bay unit signs partnership with Shaffra to bring AI employees to Bahrain

Wed, 04 Nov 2026

Bahrain FinTech Bay (BFB), through its sister company Innovate for Bahrain (I4BH), has announced an exclusive partnership with Shaffra, the GCC-born Enterprise AI Workforce Platform, at Gateway Gulf 2026, the investment forum hosted by the Bahrain Economic Development Board (EDB).