Digital transformation fuels GCC banks’ growth
The banking sector across the GCC has demonstrated formidable growth and profitability, with Qatar leading in several key performance indicators,...Business
UAE and Kenya sign agreement to enhance digital, tech cooperation
Abu Dhabi, UAE--The UAE and Kenya have signed an investment memorandum establishing a framework for investment cooperation in digitalisation and...Business
Over 3,500 new members register with Ajman Chamber in H1 2023
AJMAN, UAE- The Ajman Chamber of Commerce and Industry (ACCI) has revealed that in the first half of 2023, at...The industrial membership in the Ajman Chamber grew by 6.9 percent during the first half of this year compared to the first half of 2022.
The Ajman Chamber is keen to attract specialized investments in modern industries based on technology and artificial intelligence.
Saudi capital market institutions employ 5,524 by second quarter end: CMA
Dubai, UAE -- The number of employees at capital market institutions rose by 103 quarter-on-quarter (QoQ) to 5,524 by the...Males accounted for 80 percent of the employees at capital market institutions, with 4,400 employees, while the number of females stood at 1,124.
Meanwhile, the Saudization rate at these institutions reached 75 percent by the end of Q2, from 77 percent in Q1, according to the Capital Market Institutions Report.
Saudi Venture Capital invests $5m in VentureSouq fintech fund
Riyadh, Saudi Arabia - Saudi Venture Capital (SVC) has made a $5 million investment in a fintech fund managed by...The company catalyzes financing for startups from the pre-Seed to pre-IPO stages
It deploys $2 billion through investments in funds and co-investment in startups
Qatari-Chinese Business Forum discusses ways to boost trade ties
Doha, Qatar--The Qatari-Chinese Business Forum kicked off with the participation of over 70 local companies and nearly 60 Chinese companies...At least 70 companies from Qatar and 60 from China met at the forum to look at investment opportunities in the two countries
Chairman of Qatar Chamber of Commerce and Industry said that trade between the two countries stood at $27 billion in 2022
GCC real estate transactions surge on demand increase
GCC real estate hits $90.7 billion in the first half of 2023, a 9.9% year-on-year increase, with Dubai leading the...GCC real estate hits $90.7 billion in the first half of 2023, a 9.9% year-on-year increase, with Dubai leading the market, contributing 54 percent to the total value
In the first half of 2023, Saudi Arabia experiences a 32% drop in real estate transactions, as Taiba Investments enjoys a 63.44 percent annual surge in profits
ENEC inks MoU with OSGE
Aim is to help in decarbonization of the Polish power sector.One of the aims of the agreement is exploring opportunities to invest in Small Modular Reactors.
Nuclear energy is recognised by both the UAE and Poland as an essential clean energy resource.
Saudi EXIM, India EXIM ink MoU
Pact was signed on the sidelines of G20 Summit in New Delhi.The primary objective of this agreement is to facilitate the export of products and services between Saudi Arabia and India.
The key areas of cooperation encompass exporting products and services, the exchange of information and expertise.
ADNOC L&S boosts barge fleet
With the latest acquisition, the firm now owns 39 JUBs.This expansion comes when JUB charter rates are robust due to the high demand for offshore services.
One of the JUBs will serve the Iraqi market, marking ADNOC L&S’ entry into a new market and supporting the firm’s regional expansion.
Vietnam Airlines, Boeing ink $7.8bn pact
The deal is likely to support more than 30,000 jobs in the US.Vietnam Airlines will purchase 50 of the 737 aircraft, Biden said during a roundtable with senior executives from top American and Vietnamese firms.
The communist country's aviation sector has boomed in recent years thanks to a rapidly expanding middle class with growing appetites.
Investcorp sells stake in Safari
This was Investcorp's fourth exit in India in just a few years.In India, Investcorp is an active investor in mid-market companies across consumption-linked sectors and in the real estate business.
In the private equity space, Investcorp targets opportunities across the consumer tech, healthcare, financial services, and retail.
