Investcorp Capital has acquired US-based Kanawha Scales & Systems (KSS), a leading provider of mission-critical calibration, maintenance, and repair services for complex industrial weighing systems, from American Equipment Holdings, an industrial overhead cranes company.
The Abu Dhabi Department of Economic Development (ADDED) will lead a high-level economic delegation to Singapore and India from November 17 to 21 as part of its efforts to build and cement relations with leading economies.
GFH Financial Group (GFH) has reported a net profit attributable to shareholders of $34.03 million for the third quarter of the year, compared to $27.2 million in the third quarter of 2024.
US direct investment in Dubai reached AED14.3 billion ($3.89 billion) in the first half of 2025, which is double of the total US investment in the emirate during 2024, Mohammad Ali Rashed Lootah, President and CEO of Dubai Chambers, has said.
Al Salam Bank, a leading regional financial group, has announced record profitability for the nine-month period with its net profit surging by 37.5% to hit $154.3 million, mainly driven by strong performance in core banking operations and disciplined balance sheet management.
Abu Dhabi Islamic Bank (ADIB), a leading Islamic financial institution, in collaboration with the Ministry of Finance, has launched the first UAE Dirham-denominated sovereign sukuk for individual investors via the ADIB Smart Sukuk Platform, thus marking a major milestone in the UAE’s financial market,.
Bank ABC (Arab Banking Corporation) continued its resilient performance in the first 9 months of the year and posted a net profit was $204 million, a reduction of 5% Y-o-Y on a headline basis, but flat on a constant FX basis after adjusting for FX depreciation of BRL and EGP against USD.
Global financial leaders discussed the future of investment strategies, financial governance and sustainable growth in a rapidly evolving global economy at an executive roundtable held in Manama. It was hosted by EMIC Training in collaboration with Bentley University.
Corporate lending is at the core of Saudi banking sector's growth, accounting for 55% of banks' loan books. Despite this, exposure to corporate credit risk will remain contained thanks to a moderate improvement in corporate leverage, according to S&P Global Ratings.
China’s affluent outbound audiences across tourism, investment and luxury sectors offer a $1 trillion opportunity for the Gulf Cooperation Council (GCC) to tap into the market, says a new report.
