India’s L&T secures EPC contract for Saudi Arabia’s Amaala project
New Delhi, India - Larsen & Toubro (L&T) secured a major Engineering, Procurement, and Construction (EPC) contract for the Amaala...Business
IPOs, investments help GCC markets prosper in 2023
Regional markets are reflecting a transition from oil dependency to diversified economies with six IPOs raising $419 million in in...Business Markets
SNIC Insurance outsources health insurance to Health 360°
SNIC Insurance will outsource the management of its health insurance to Health 360 due to its international and regional partners...
A majority of UAE companies believe artificial intelligence can cope with cyberattacks
A Sophos report has said around 92% of IT teams in companies in the UAE said they expect Artificial...Emirates Development Bank successfully closes $750-million five-year bond
EDB has successfully closed its $750-million five-year bond issue, which was four times oversubscribed The bonds were priced at a...Dubai crown prince orders government procedures for doing business be cut by 30 percent
This is expected to improve Dubai’s, and in turn the United Arab Emirates’, position in the global Ease of Doing...
IT spending in insurance to grow at 6% CAGR by 2024
Improving customer experience is the keystone for insurers 55% of insurers already have, or plan to develop a customer...
Arab National Bank renews partnership with Microsoft Arabia
The agreement was signed by ANB’s chief operating officer, Ayed Al Zahrani and Microsoft Arabia's vice president of customer...
UAE banks make profit again as economy picks up speed
Top banks of UAE banks record more profit than last year Income rose by 85 percent during the first...
Saudi food company Tanmiah gets nod from regulator for share sale
Tanmiah Food Company has won approval from CMA to sell 30 percent of company shares The food company employs...Saudi Aramco unveils first dollar sukuk bond
The bonds will be issued in three tranches The deal will consist of three, five and ten year tranches...
Emirates NBD, Dubai’s largest lender, lists $750m bond on Nasdaq
The second offering for 2021 has increased NBD’s listed bonds to more than $5.1 billion. It was 2.3 times...
