The Saudi economy is proving resilient in the face of the war in the Middle East thanks to strong fundamentals and diversified logistical and oil infrastructure, said an International Monetary Fund (IMF) mission statement.
Independent global professional services firm Praxis has appointed Brian Reilly as its senior regulatory advisor. He brings over 25 years’ experience across financial services, spanning funds and trust administration, investment management, banking and risk management to the new role.
WTW, a leading global advisory, broking and solutions company, has announced that it has received approval to operate within Dubai International Financial Centre. With this, WTW will be able to proactively arrange access to its full suite of regulated investment capabilities in and from DIFC.
Emirates NBD, a leading banking group in the region, has announced that its corporate advisory practice has chosen to implement Bloomberg’s globally recognised sustainability data and analytics, in a move aimed at providing strategic advice to UAE companies on financially material risks and opportunities.
SAB Invest, the investment arm of Saudi Awwal Bank (SAB), has joined hands with Retal Urban Development Company for the launch of a CMA-regulated real estate investment fund valued at SAR1.9 billion ($502 million). The project will be developed on a 19,000sqm site in Riyadh's Almalqa district.
National Finance, a leading finance and leasing company in Oman, has signed a strategic memorandum of understanding (MoU) with AB Energy to advance sustainable financing solutions.
Gallagher, the global insurance brokerage, risk management and consulting firm, has announced that it has increased its investment in ACE Gallagher Holding, a leading insurance broking firms in the Middle East & Africa (MEA), from 30% to 49%. The firm is majority owned by MIG Holding.
DMCC has unveiled a targeted acceleration initiative designed to cut operating costs, improve cash flow and sustain growth across its community of over 26,000 companies. The package includes a suite of financial incentives, fee waivers and regulatory flexibilities aimed at boosting resilience.
Sukoon Insurance, one of the leading insurance providers in UAE, has announced that it has officially received its mainland fund administrator licence from the country's Capital Market Authority, thus establishing Sukoon Workplace Savings Solutions Fund Administrator.
Dubai World Trade Centre (DWTC) Free Zone has entered into a strategic collaboration with DHL Express, the leading international logistics provider, to build a robust ecosystem that enables small and medium-sized enterprises (SMEs) to grow, scale, and compete globally.
