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New Murabba seals partnership deal with Korean architect HeerimNew Murabba, a key Saudi developer powered by the kingdom's sovereign wealth fund PIF, has signed an agreement with Korea-based Heerim Architects & Planners to explore innovative and distinctive architectural overlays that complement the development’s master plan, with special e More… |
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EazyPay, Tamara team up to power e-payment solutions in GCCEazy Financial Services, a leading Bahraini financial institution specializing in Point-of-Sale (POS) and online payment gateway acquiring services, has announced a strategic partnership with Tamara, one of the region’s fastest-growing fintech platforms and a pioneer of the Buy Now, Pay More… |
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BlueFive Capital equity fund acquires Wusoom HoldingBlueFive Capital, a global alternative investment firm with major presence in UAE, has announced that its its private equity fund has successfully acquired 100% of Wusoom Holding, a diversified holding company with assets across high-growth sectors in the GCC. More… |
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Forbes unveils new edition of Global Meets Local rankingForbes Middle East has revealed the 13th edition of its flagship Global Meets Local ranking, spotlighting the regional heads of the world’s most influential multinational corporations who are not only steering complex business landscapes but actively shaping the Middle East and North Af More… |
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Fed on hold – but rate cuts are coming sooner, says expertThe Federal Reserve will hold interest rates steady this month, but fresh inflation data has increased pressure for a cut sooner than previously expected, says Nigel Green, the CEO of one of the world’s largest independent financial advisory organizations, deVere Group. &nb More… |
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Saudi Arabia drives GCC IPO market in H1; nets $3.4bn in proceedsThe initial public offerings (IPOs) in Gulf markets raised $3.4 billion through 24 listings during the first half of 2025, down 6% from a year earlier, as regional activity showed signs of cooling after a strong 2024. In the same period last year, 23 IPOs raised $3.5 billion, according to a r More… |
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Saudi PIF-backed Helicopter Co seals key credit facility dealThe Helicopter Company (THC), a key Saudi commercial helicopter services group fully owned by the kingdom's sovereign wealth fund PIF, has signed a SAR600 million ($160 million) Islamic credit facility agreement with Arab National Bank (anb). This financin More… |
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Global sukuk issuance to dip in Q3 after $1 trillion milestoneGlobal sukuk issuance is likely to slow in the third qaurter with seasonal summer trends in key issuing markets, following a strong first half where global volumes surpassed the $1 trillion milestone for the first time, according to Fitch Ratings. The sukuk ma More… |
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Kuwait takes steps to boost capital market's operational efficiencyKuwait is set for pivotal capital market transformation as part of its efforts to boost efficiency and woo big investment. The move is aimed at reshaping the regulatory and operational infrastructure of the market, thus paving the way for the introductio More… |
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Teledyne Gas & Flame Detection opens new plant in DammamTeledyne Gas & Flame Detection, a leading French provider of fixed and portable gas and flame detection solutions, has announced the opening of its new 699-sq-m manufacturing facility in Dammam, Saudi Arabia. The key plant was developed in partnership with More… |
