Wednesday 4 October 2023

Alpha Dhabi takes majority stake in Metito Holdings

Alpha Dhabi Holding, one of the fastest- growing investment holding companies in the UAE, has acquired a majority stake in Metito Holdings, a global leader in the water and wastewater industry.  Pending regulatory approvals, this pivotal transaction marks Alpha Dhabi’s


DIB to plant a tree for every new account

Dubai Islamic Bank (DIB) has announced that it will plant one tree for every new customer who opens a DIB account.    Through this novel initiative, the bank has not only taken a decisive step towards effective climate action, it has also ensured significan


CBB issues first Investment Business Category 4 licence to BAGS

The Central Bank of Bahrain (CBB) has issued the first Investment Business Category 4 (Collective Investment Undertaking Operator) licence to BAGS Capital.    This new licence category applies for the business models of specialist fund managers who operate,


Sohar International unveils financial & non-financial services

Sohar International has launched a first-of-its-kind in Oman innovative ecosystem of financial and non-financial services through its mobile banking apps that perfectly complement customers' lifestyles.    With the integration of these services within t


KPMG and the CFA Society in Bahrain collaborate

KPMG in Bahrain recently signed a Memorandum of Understanding (MoU) with the Chartered Financial Analyst (CFA) Society to reinforce collaboration and drive lifelong learning across Bahrain.   The ceremony was hosted at the KPMG Headquarters in Bahrai


Bank Nizwa is Collecting Bank for impending OQGN IPO

Bank Nizwa, Oman’s pioneering Islamic bank, has announced its participation as a Collecting Bank for the OQ Gas Networks Initial Public Offering (IPO).    In line with the bank’s dynamic approach towards establishing strategic collaborations wit


Saudi Arabia economy joins trillion dollar club

Saudi Arabia's gross domestic product (GDP) reached SAR 4.155 trillion ($1.11 trillion), exceeding the milestone of $1 trillion for the first time, thus joining the trillion-dollar club and achieving the national goal well ahead of the target date of 2025, a report said. &nbs

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