Saudi-based Efsim Facilities Management is set to proceed with its initial public offering (IPO) and the listing of its ordinary shares on the Main Market of the Saudi Exchange. It will be listing 16.8 million shares (equal to 30% stake share capital).
Despite tight financial conditions and regional uncertainty, Bahrain’s real GDP is likely to hit 2.9% in 2025. With the completion of refinery upgrades and robust services in tourism and finance, it is set to post a 3.3% growth in 2026, said a report by IMF.
Saudi Arabia and UAE are poised to lead the Gulf region’s economic expansion in 2026, supported by strong private-sector performance, resilient domestic demand and renewed investment momentum, according to a new report.
Ithmaar Bank, a Bahrain-based Islamic retail bank, has appointed Naif Alnasser as Head of Asset Management and Remedial Management Unit (RMU), reporting to Ithmaar Bank Chief Executive Officer, Maysan Almaskati.
The Finvasia Group, a global enterprise that uses engineering and advanced technology to innovate across various sectors such as financial services, blockchain, and healthcare, has announced that it will be establishing regional headquarters for five of its leading brands in the UAE as part of the NextGen FDI initiative.
The Finvasia Group, a global enterprise that uses engineering and advanced technology to innovate across various sectors such as financial services, blockchain, and healthcare, has announced that it will be establishing regional headquarters for five of its leading brands in the UAE as part of the NextGen FDI initiative.
Invictus Investment Company, a leading agro-food enterprise in the Middle East and Africa, today announced it has secured a financing package from the Mauritius Commercial Bank Limited (MCB), to scale up its agro-food operations across Africa.
Ithmaar Bank, a Bahrain-based Islamic retail bank, has appointed Amr Alshaher as Head of Corporate Banking, reporting to Assistant General Manager, Business Group, Mohammed Ali Safar.
Dubai outperformed global peers, including New York and London, in luxury spending as the market stayed stable in the city, while it slowed across major global cities, a new report said.
Ghanem, a digital real estate platform specialising in fractional ownership solutions, has closed a funding round worth $7.1 million from Al-Romaih Group, one of the Kingdom’s leading investment groups with extensive experience in the real estate and financial sectors.
