Tuesday 1 July 2025
 
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PwC welcomes 62 new partners in Middle East

PwC Middle East has announced the admission of 62 new partners to its partnership in the region. This reflects the firm’s commitment to investing in talent and strengthening leadership across the region.   The new partners span all lines of service, bringi

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KPMG launches new AI platform to help transform client delivery

KPMG International today (June 30) launched KPMG Workbench – KPMG’s foundational and single AI platform designed to scale global adoption and integration of AI, while enhancing trust and control over AI across all geographies and teams.    It is

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UAE, China launch service centre to boost $400bn Arab trade

UAE and China recently launched Qingdao Overseas Integrated Service Centre at the China-Arab Business Forum held in Qingdao recently – that is aimed at increasing the $400 billion trade between China and the Arab world.   A total of 40 important projects w

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Tamkeen launches updated financial services sector skills report

Bahrain's Labour Fund (Tamkeen) has announced the release of the updated Financial Services Sector Skills Report, as part of the “Skills Bahrain” initiative and developed in collaboration with private sector stakeholder holders, government entities, and education and training

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Saudi Arabia records 44pc jump in FDI inflows in Q1

Saudi Arabia has announced that its Foreign Direct Investment (FDI) inflows have soared to hit SAR22.2 billion ($5.9 billion) during the first quarter, while overall unemployment rate (including Saudis and non-Saudis) stood at 2.8%, reported SPA citing the Saudi General Authority for

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Arab Energy Fund prices debut landmark $600m bond

The Arab Energy Fund (TAEF), a leading multilateral impact financial institution serving the Mena energy sector, has successfully priced a $600 million, three-year bond issuance, reflecting strong performance despite a challenging geopolitical backdrop.   The tr

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Equiom tops $3bn in Middle East workplace savings plan assets

Equiom, a leading provider of fiduciary services to private wealth and corporate sector, has announced a major milestone for its trustee services that it provides on Middle East Workplace Savings plans, with Assets Under Administration (AuA) reaching $3 billion in June 2025, up from $2.3 bill

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Tamkeen, Zoho launch new programme for Bahraini SMEs

Bahrain's Labour Fund (Tamkeen) has announced the launch of a new programme to support digital transformation for the local small and medium enterprises (SMEs) in partnership with Zoho, a leading global technology company.   Unveiling the new programme, Tamk

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Saudi healthcare group SMC raises $500m in debut IPO

Specialized Medical Company (SMC), one of Saudi Arabia’s leading healthcare providers, made its trading debut on the Saudi Exchange following a successful initial public offering (IPO) that raised SAR1.88 billion ($500 million).   The IPO saw strong demand

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ila Bank offers customers 10pc cashback at Harrods this summer

Bank ABC's digital, mobile-only ila Bank has launched a bespoke summer campaign enabling credit card customers to enjoy significant savings at renowned luxury retail store, Harrods.    Under this, ila Credit Card holders will receive a 10% cashback on a

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