Agility Public Warehousing Company has approved an interim cash dividend distribution of KD25.5 million ( 83 million) equivalent to 10 fls per share and an in-kind dividend of KD800 million ( 2.6 billion)....

Abu Dhabi Islamic Bank (ADIB) has announced the successful closure of a sharia compliant syndicated transaction worth AED865 million ( 235 million) for BGN and Al Seer Marine to finance new and energy-efficient...

Saudi Arabia has witnessed a remarkable surge in private equity (PE) activity over the past five years reaching a pinnacle of 4 billion in 2023 the 2019-2023 Saudi Arabia Private Equity Report revealed....

Emirates Islamic one of the leading Islamic financial institutions in the UAE remains committed to advancing Dubai s status as the global capital of the Islamic economy. Celebrating its 20th anniversary...

Fibre optic makers Reichle & De-Massari (R&M) AG and US Conec Ltd have signed a definitive licence deal that enables US Conec to produce and supply Harsh Environment Connectors fully interoperable with...

Bahrain s Labour Fund Tamkeen has announced its support for Bahrainis wishing to enrol in the Chartered Institute of Personnel and Development (CIPD) programme at the Bahrain Institute of Banking & Finance...

Alibaba Cloud the digital technology and intelligence backbone of Alibaba Group has unveiled the MEA region s Alibaba Cloud Academy Training Centre which will serve as a hub for customers and partners....

The UAE has strengthened its position in the global economy and the total value of UAE assets abroad both government and private is estimated at 2.5 trillion as of early 2024 a senior official has said....

Microsoft has announced the expansion of its Copilot Pro subscription empowering individuals across the Middle East to further enhance their productivity and creativity. The announcement forms part of...

Gulf Business Machines (GBM) in collaboration with Cisco and Nutanix has successfully hosted a groundbreaking event AI Powered Networking Cloud in Abu Dhabi UAE. The event showcased cutting-edge solutions...

Batelco part of the Beyon Group and Nokia the market leader in 5G private wireless networks have partnered to deliver 5G private solutions across Bahrain. The agreement was signed by Maitham Abdulla CEO...

Mubadala Investment Company the Abu Dhabi-based investment company announced today that it is investing in Avanse Financial Services India s new age technologically advanced education-focused non-banking...

Unilode Aviation Solutions the market leader in outsourced unit load device (ULD) management repair and digital services has announced the launch of its new mobile app called e-ULD customer portal and...

A heightened on-ground interest and an increased appetite will drive deal activity into a new era of growth and opportunity in 2024 across diversified areas of investment in the Middle East. According...

Bank ABC a leading Mena bank has received shareholders approval for a total dividend cash payout of 70 million (30% of net profits) and Additional Tier 1 (AT1) capital issuance of up to 400 million to...

Response Plus Holding (RPH) the largest pre-hospital care and emergency medical services provider in the UAE and KSA net profit surged 68% to AED49.39 million ( 13.45 million) during 2023. The group s...