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Saudi-GCC non-oil trade volume in April soars to $4.8bnThe non-oil trade surplus of Saudi Arabia with the Gulf Cooperation Council (GCC) countries recorded an annual growth rate of 203.2% to more than SAR2 billion ($532 million) in April. It soared to around SAR3.5 billion ($932 million) from SAR1.2 billion ($320 million) in the same month last y More… |
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Top investor Ardian boosts stake in Heathrow to 32.6%Ardian, a world-leading investment firm based in France, today (July 11) announced that it has completed the acquisition of an additional 10% stake in FGP Topco Ltd (TopCo), the holding company for Heathrow Airport Holdings, from Ferrovial SE and other TopCo shareholders, La Caisse (previousl More… |
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Investcorp raises a €240m fund to back Italian cybersecurity firmInvestcorp, a leading global alternative investment firm based in Bahrain, today (July 10) announced the completion of the sale of a majority stake in leading Italian cybersecurity provider HWG Sababa by Investcorp Technology Partners Fund V (ITP V) and certain other investors, to an oversubs More… |
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Bahrain tops GCC in financial services cost competitiveness: EYBahrain has been ranked as the most cost-competitive location to operate a financial services firm with a tech hub within the GCC countries, with a 48% cost advantage, in the ‘Cost of Doing Business in the GCC’ financial services sector report published by Ernst & Young LLP&rs More… |
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Beyon Money, EazyPay to launch POS solution for Bahrain’s merchantsBeyon Money Business, part of the leading Bahrain technology group Beyon, has signed a strategic partnership with Eazy Financial Services (EazyPay), a POS & online payment gateway acquirer and payment services provider in the kingdom licensed by the Central Bank of Bahrain. More… |
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Azizi boosts procurement efforts, onboards 131+ framework suppliersUAE-based Azizi Developments has significantly expanded its direct procurement efforts by having signed more than 131 framework agreements in 2025, marking a major stride toward further increased quality, enhanced cost efficiency, faster project execution and greater supply chain control, ena More… |
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Al-Futtaim, Johnson Controls to launch smart building platform in UAEAl-Futtaim Technologies, a leading provider of business and digital transformation solutions under Al-Futtaim Contracting, has announced a strategic partnership with Johnson Controls to bring the global smart building platform OpenBlue to the UAE market. More… |
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Bahrain EDB draws over $250m in investments from UKThe Bahrain Economic Development Board (Bahrain EDB) has attracted over $250 million in investments from United Kingdom-based companies in the past three years (2022-2024) spanning across key sectors including financial services, ICT, education and tourism. More… |
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GCC wealth management landscape undergoing transformation: EYThe GCC wealth management landscape is undergoing a profound transformation, shaped by shifting client expectations and technological disruption, according to the 2025 EY Global Wealth Research Report. Investor behavior in the region reflects greater eng More… |
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Al Mal Capital REIT announces opening of follow-on public offeringAl Mal Capital REIT (AMC REIT), the first real estate investment trust listed on the Dubai Financial Market (DFM), today (July 7) announced the official opening of the subscription period for its Follow-on Public Offering (FPO). The FPO, licensed and regulated More… |
