Staff WriterThe Qatar-listed Lesha Bank has executed an indirect private equity investment of 273 million riyals ($85 million) through a fund managed by the bank.The bank said the investment, deployed through the CVC-PE Global Private Equity fund, forms a part of its strategy to “strengthen its pre…
Paris – During the official visit of a high-level delegation from the Sultanate of Oman to France, three strategic agreements were signed in Paris in the presence of His Majesty Sultan Haitham bin Tarik Al Said, Sultan of the Sultanate of Oman, and His Excellency Emmanuel Macron, President of the F…
Staff WriterEgypt is developing its startup financing ecosystem by updating regulations for convertible securities and improving company valuation methodologies, while the Sovereign Fund of Egypt studies a new investment mechanism to support late-stage startups, the country’s investment and foreign…
Staff WriterEgypt - Ahmed Rostom, Minister of Planning and Economic Development, said on Monday that the government adopted an economic and social development plan for the 2026/27 fiscal year that targets increasing the private sector’s share of total investment to around 59%.Rostom made the remark…
- The company plans to inject EGP 8 billion in new investments during 2026 to accelerate construction across its existing projects and advance its expansion plans in the Egyptian market.Cairo – Misr Italia Holding for Financial Investments and its subsidiaries announced that Mr. Khaled El Assal, En…
Sydney, Australia - Achilles today announced the appointment of Sebastien Roussotte as Chief Executive Officer, effective immediately. He succeeds interim CEO Craig Rodgerson, who will return to his role as Chairman of the Achilles Board.“It has been a privilege to step into the role of CEO of Achi…
MUSCAT, Oman/PRNewswire/ — Al Mouj Muscat, Oman's flagship integrated tourism destination, has unveiled the findings of an independent impact study showing it has contributed approximately USD 2.3 billion to the Sultanate's GDP over the past two decades. Conducted by leading Omani research firm, Th…
Muscat: Reaffirming its position as a force in the Islamic finance industry, Bank Nizwa, the most-trusted Islamic bank in the Sultanate of Oman, participated as a Bronze Sponsor at the Global Islamic Finance Summit 2026, which took place in Dubai, United Arab Emirates. Bringing together influential…
Staff WriterDubai's residential rental market is becoming increasingly value-driven as tenants prioritise payment flexibility, digital convenience and lifestyle benefits alongside location and affordability, according to Co-Founder & COO of UAE-based proptech platform Rentify.The biggest shift we a…
Hina NavinDubai's secondary residential market maintained steady momentum in the second quarter of 2026, with resident end-users continuing to drive demand for completed homes, particularly villas and townhouses in established communities, according to property brokers and developers.Dubai-based pr…
Alibaba Cloud, a leading global provider of AI infrastructure and the intelligence backbone of Alibaba Group, has been named as a Leader in the newly released report titled “Omdia Market Radar: Agentic AI Cloud Titans in Asia & Oceania, 2026”. Alibaba Cloud achieved the highest ranking across six o…
Staff WriterAbu Dhabi Future Energy Company PJSC – Masdar, a global clean energy leader, today formally broke ground on its 1-gigawatt (GW) wind farm in the Zhambyl region of Kazakhstan.The wind farm is Masdar’s first renewable energy development in Kazakhstan and one of the largest integrated wind…
Staff WriterParallel market–listed Keir International has renewed a SAR 155 million ($41.3 million) Shariah-compliant financing facilities agreement with Saudi Awwal Bank (SAB), as the contractor looks to maintain funding for ongoing projects.The one-year facility will be used to support current pr…
Staff WriterThe Federal Tax Authority (FTA) has reported significant growth in its operations during 2025, driven by a substantial increase in Corporate Tax registrations, alongside continued growth in Value Added Tax (VAT) and Excise Tax registrations and the expansion of its services.This was ref…
Staff WriterThe Saudi Tadawul-listed Derayah Financial Company has secured a 300-million-riyal ($80 million) shariah-compliant loan facility with Arab National Bank (ANB).The financial duration of the renewable agreement is until October 31, 2026, with a promissory note provided as a guarantee.The…
Beirut, The CMA CGM Foundation and L’œuvre d’Orient are continuing their commitment to supporting communities in South Lebanon by delivering a second humanitarian aid convoy.A shipment of food supplies and personal care essentials was delivered to the village of Deir Mimas to help meet the needs of…
Manama, Kingdom of Bahrain: Mazad, Bahrain’s leading digital auction and marketplace platform and a Mumtalakat portfolio company, has held discussions with the National Health Regulatory Authority (NHRA) to explore opportunities for collaboration. The parties aligned on the importance of the transp…
DOHA, Qatar - Eng. Ali Al Kuwari, CEO of Msheireb Properties, Qatar's leading sustainable real estate developer, achieved an exceptional accomplishment by being named CEO of the Year by both the Gulf Business Real Estate Awards and the Real Estate Asia Awards, making him one of the few real estate…
Jeddah, Red Sea Global (RSG), the developer behind the world's most ambitious regenerative tourism destinations, celebrated the graduation of the fourth cohort of the Red Sea Vocational Training Program, which comprised 386 graduates who joined the program in 2024. The ceremony was held under the p…
Amman, Jordan, Hikma Pharmaceuticals PLC (Hikma), the multinational pharmaceutical group, concluded its participation at the World Economic Forum's Annual Meeting of the New Champions (AMNC) 2026, held in Dalian, People's Republic of China from 23 to 25 June. Convening under the theme "Innovating a…
