Abu Dhabi Islamic Bank (ADIB) a leading financial institution has announced the appointment of Talha Karim as its new Group Chief Risk Officer. In his role Karim will play a pivotal part in further strengthening...

Islamic Arab Insurance Company (Salama) reported takaful revenue of AED1.111 billion ( 300 million in 2023 an increase of 20% from 2022 but posted a net loss of AED139.327 million ( 38 million). The loss...

Bahrain s Labour Fund Tamkeen has launched an International Bank Account Number (IBAN) verification service in collaboration with Tarabut Gateway a leading open banking solutions platform to facilitate...

Amlak Finance has seen its 2023 full-year (FY) net profit fall steeply by 45.6% to AED259 million ( 70.53 million) compared to FY 2022 net of AED476 million. Amlak s revenue for the year 2023 decreased...

The second Capital Market Summit from May 1 to 2 will explore the growth of IPOs in the region discuss insights from global stock exchanges growth capital opportunities evolution of virtual assets and...

Cabsat the Middle East s flagship event for content broadcast satellite media and entertainment will celebrate its 30th anniversary with its highly anticipated return to the Dubai World Trade Centre from...

The net flow of Foreign Direct Investment (FDI) into Saudi Arabia amounted to over SAR13 billion ( 3.47 billion) in Q4 of 2024 an increase of 16% from SAR11 billion in Q3 of the same year. Total FDI into...

Agility Public Warehousing Company has approved an interim cash dividend distribution of KD25.5 million ( 83 million) equivalent to 10 fls per share and an in-kind dividend of KD800 million ( 2.6 billion)....

AD Ports Group has seen a stellar year of intelligent internationalisation entering new markets and completing major acquisitions even as it made a net profit of AED1.4 billion ( 380 million) in 2023....

The Saudi Exchange has marked a major milestone welcoming its 400th listing across all securities. This achievement highlights the exchange s pivotal role in the kingdom s economy underpinned by robust...

Sohar International the fastest-growing bank in Oman has shown remarkable growth among top banks in the GCC achieving top rankings in Total Assets and Return on Equity (ROE) among all GCC banks. Sohar...

Visa a leader in digital payments has announced the continued expansion of its global value-added services business with the addition of three new AI-powered risk and fraud prevention solutions. The new...

Dubai Electricity and Water Authority s (Dewa) shareholders have in the general assembly held on March 28 2024 approved the payment of total dividend of AED3.1 billion ( 840 million) with a record date...

Following the success of the inaugural MENA IPO Summit last year Dubai Financial Market (DFM) is set to return in May with a bigger and more promising edition of its flagship event The Capital Market Summit...

Abu Dhabi Fund for Development (ADFD) achieved remarkable results in 2023 with its operational activities witnessing a significant increase with cumulative spending surpassing AED216 billion ( 59 billion)....

Microsoft has announced the expansion of its Copilot Pro subscription empowering individuals across the Middle East to further enhance their productivity and creativity. The announcement forms part of...