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Infracorp 9M net profit jumps 25pc to $37.2mInfracorp, a leading specialised company in investing in the infrastructure and sustainability development sector, has seen its nine-month (9M) net profit jump 25% to $37.2 million. For the period the company has reported an income of $268 million, compared to More… |
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Khaleeji Bank is receiving bank for Al Abraaj IPOKhaleeji Bank has been appointed as the exclusive receiving bank for the upcoming initial public offering (IPO) of Al Abraaj Restaurants Group. The offering, managed by SICO, will launch on Sunday (November 24, 2024) and will run for two weeks until Dece More… |
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AI-Powered Aiden Insight charts IHC’s path to enhanced growthInternational Holding Company (IHC), the global diversified Abu Dhabi-based conglomerate, has announced groundbreaking recommendations from Aiden Insight. Aiden's insights are set to steer IHC towards strategic refinement and operational excellence in Q4 a More… |
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Mashreq, Landmark launch Qatar’s first PSL finance tie-upMashreq has signed Sustainability-Linked Facilities (SLF) in Qatar with Landmark Retail, the leading value conglomerate in the retail sector in the Middle East. This marks the first time a private sector company has signed a bilateral sustainability-linked loan in Qatar. More… |
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KPMG Bahrain hosts seminar on the ‘Future of Risk’KPMG in Bahrain’s breakfast seminar, "Future of Risk," highlighted critical risks such as geo-politics, cyber threats, climate-related challenges and reputational risks. Sectors including the Financial Services, Energy, and Industrial sec More… |
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Kuwait inflation slows in October: Emirates NBD ResearchHeadline CPI inflation in Kuwait slowed to 2.4% y/y in October, down from 2.8% the previous month, according to Emirates NBD Research. This marked the slowest pace of annual price growth since September 2020. Food price pressures have been more salient i More… |
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BNY increases offer in the Abu Dhabi Global MarketThe Bank of New York Mellon Corporation (BNY), a global financial services company, has said it can offer a broader range of its products and services to clients within the Abu Dhabi Global Market (ADGM). This is after having been granted a category 4 licence by the Financial Services Regulat More… |
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FOO partners with eNovate for digitalisation in EgyptFOO, an award-winning B2B Software as a Service (SaaS) solutions provider, has partnered with eNovate, Egypt’s premier provider of cutting-edge digital payment solutions, to build upon eNovate’s existing portfolio of products and services. eNovate More… |
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Tarabut, Geidea sign MoU to boost SME financingTarabut, the Mena region’s leading, regulated open banking platform, and Geidea, Saudi Arabia’s leading payments solutions provider, have partnered to explore and potentially develop tailored SME financing solutions. Today, SMEs represent 1.3 More… |
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Jadwa announces first regional blind-pool private equity fundJadwa Investment has announced the first close for its first regional blind-pool private equity fund, GCC Private Equity Fund 1, with capital commitments of SR1 billion ($270 million). The fund is among the largest blind-pool private equity funds r More… |
