Manama – The Bahrain Institute of Banking and Finance (BIBF) has signed two cooperation agreements with Kadyrov Chechen State University and Financial University in Russia, aimed at supporting capacity building and integrating BIBF’s Islamic finance professional qualifications into the universities…
Abu Dhabi, United Arab Emirates – Al Masraf (Arab Bank for Investment and Foreign Trade) has announced the launch of its new corporate identity, marking a new phase in its journey built on trust, expertise and long-standing relationships. The new identity reflects the Bank’s ambition to deliver pr…
Geneva -- The International Air Transport Association (IATA) released data for May 2026 global air cargo markets showing:“Air cargo demand grew 6% year-on-year in May, with Africa, Asia-Pacific, Europe, and North American regions all reporting above trend growth. Carriers in the Middle East, howeve…
Zhambyl Region, Kazakhstan – Abu 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 larges…
RAK Central, UAE - Colibri Views, the award-winning landmark by Major Developments in RAK Central, has now marked the formal commencement of its development journey, with the first visible steps of construction beginning to take shape. Marking this important moment was Patrice Evra, ex-Manchester U…
National Investments Company (NIC) announced that it has secured three prestigious international awards, reflecting the strength of its institutional performance and the successful execution of its strategy across its various business sectors. The awards were presented as part of the Global Banking…
Kuwait, In an effort to foster a work culture where empathy and meaningful support are devotedly practiced whenever necessary, Burgan Bank launched a package of benefits specially tailored to employees whose spouses are frontline defenders. This initiative comes as part of the Bank’s mission to be…
Staff WriterVarenne Capital Partners has announced the opening of a new office in Dubai International Financial Centre (DIFC) with the establishment of Varenne Capital Ltd, a wholly owned UAE subsidiary regulated by the DFSA.After successfully developing its business across Europe, Varenne Capital’…
Dubai, UAE, The Global Knowledge Index (GKI) continues to strengthen its position as a premier international analytical tool for measuring countries' readiness to transition into knowledge economies. This comes amid rapid global shifts toward development models based on innovation, technology, and…
Staff WriterMiddle East sovereign wealth funds (SWFs) identify private markets as a key driver of long-term returns, well above the global average of 65%, according to a new study by Invesco.Infrastructure is the primary beneficiary of this trend, with 70% of SWFs in the region planning to increase…
CEO John Hardy outlines how one of the region’s broadest technology portfolios — from professional cameras and security solutions to projectors, energy solutions and home appliances — is anchored in the company’s Japanese engineering heritage, human-centred design philosophy and brand promise to “C…
Abu Dhabi, The 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…
Manama, Bahrain – stc Bahrain, a digital enabler, has been awarded the Gold Prize at the International CSR Excellence Awards 2026, in recognition of its commitment to empowering people, fostering innovation, and creating sustainable opportunities that support economic and social development.The awa…
Abu Dhabi, UAE – XRG and Eni have each signed agreements with YPF for the acquisition of a 32% interest in three upstream blocks, with YPF retaining the remaining 36%. Completion of the transactions remains subject to customary regulatory approvals. The upstream blocks are expected to form a core p…
Abu Dhabi, United Arab Emirates: Nemetschek Arabia, part of the Nemetschek Group, one of the world’s leading software providers for the Architecture, Engineering, Construction and Operations (AEC/O) industry, has signed a strategic collaboration agreement with KEO Group, a leading multidisciplinary…
Staff WriterState Street has secured a fund administration license in Saudi Arabia after its local unit obtained a Managing Investment and Operating Funds (MIOF) license from the Capital Market Authority (CMA).The NYSE-listed financial services firm had $60 billion in AUM and $127 billion in assets…
Staff WriterOman Water and Wastewater Services Company (NAMA Water Services) has awarded a €2 billion ($2.28 billion) contract to French utility company Suez to operate and maintain water and wastewater services in the country.Suez and its Omani partners, National Trading Company and National Energ…
Muscat, Oman – OMPAY, Omantel’s digital wallet and fintech platform, has achieved ISO/IEC 27001:2022 certification, the internationally recognized standard for Information Security Management Systems (ISMS), further reinforcing its commitment to safeguarding customer data and maintaining the highes…
Doha, Qatar – Qatar Islamic Bank (QIB), Qatar’s leading digital bank, continues to reward customers through the Absher Rewards Program, one of the Bank’s flagship value-added offerings designed to deliver meaningful rewards and flexible redemption options that compliment customers everyday lifestyl…
Staff WriterTUNIS – Prime Minister Sarra Zaafrani Zenzri on Thursday presented an economic assessment marked by improved growth indicators and renewed attractiveness for international investment.Opening the 22nd edition of the Tunisia Investment Forum, held in Tunis on June 25-26 at the initiative…
