Tag: News

Mashreq announces successful closing of its $2 billion dual tranche syndicated term loan facilities

This syndicated loan is the biggest funding transaction ever for Mashreq. It is also one of the largest syndicated loans by any GCC bank...

Saudi Central Bank issues financial institutions services fee guide 

RIYADH: The Saudi Central Bank, also known as SAMA, announced the issuance of the Financial Institutions Services Fee Guide, which will replace the currently...

UAE cements position among world’s fastest-growing economies in 2025

Non-oil foreign trade rose 24.5 per cent in the first half of 2025 to Dh1.7 trillion, around 14 times the global growth rate The United...

Saudi Arabia’s US Treasury holdings rise to $134.4bn

RIYADH: Saudi Arabia increased its holdings of US Treasury securities to $134.4 billion in October, maintaining its position among the world’s largest foreign holders,...

UAE banks power ahead in Q3, outpacing regional peers

Loan growth, resilient margins, and digital innovation drive sector gains amid favourable macro conditions, Alvarez & Marsal report shows UAE banks continued to outperform their...

Middle East AI adoption reaches 75%, beating global average: PwC survey 

RIYADH: Artificial intelligence is becoming embedded across Middle East workplaces, with 75 percent of employees using AI tools at work over the past year,...

Saudi financial wealth reaches $1.25tn as asset mix shifts, BCG says

RIYADH: Saudi Arabia’s financial wealth rose to $1.25 trillion in 2024, up 4.4 percent from a year earlier, underscoring steady balance-sheet expansion as the...

Logistics startup Shiprocket files revised papers for Rs 2,342 crore IPO

Gurugram-based Shiprocket, which offers shipment and checkout services to direct-to-consumer (D2C) brands, has filed an updated draft red herring prospectus (UDRHP) for a Rs...

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Emirati startup founders unveil AI-powered innovations at Hub71 Impact 2026

Emirati startup founders showcased AI-powered and advanced technology solutions...

Groww and Zerodha AMCs post nearly 3x growth in AUM over last year

Entry of discount broking firms -- Groww and Zerodha...

Apple launches AI-powered Siri upgrade

Apple has launched an artificial intelligence-powered version of its...

Cloudflare highlights emerging risks and realities of frontier AI models in cybersecurity research

Cloudflare shared new insights into the evolving role of...

Dubai unveils new $410m economic support package for businesses 

Dubai approved a new 1.5 billion dirham ($410 million)...