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Hasan Haider on Forbes’ top venture capitalists listHasan Haider, Founder and Managing Partner at Plus VC, a leading VC in the MENA, has been featured in the inaugural list of The Forbes Middle East Top Venture Capitalists 2024. The list spotlights the leaders of the region’s active VC firms, highlighting their strategies, key inv More… |
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Al Futtaim’s Orient Insurance expands into Saudi ArabiaOrient Insurance, a division of Al-Futtaim, has announced its launch in Saudi Arabia. The launch was marked by the official inauguration of Orient Insurance offices in Al Ghadir in Riyadh. Turki Alshahrani, CEO of Orient KSA, will lead the local organisa More… |
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UAE growth to hit 4.5% next year: Central BankThe Central Bank of the United Arab Emirates (CBUAE) has maintained its real GDP growth projections for 2024 at 4.0 percent. The growth is expected to accelerate to 4.5 and 5.5 percent in 2025 and 2026, respectively. According to the Quarterly Economic Review More… |
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Arf and LuLu Financial Holdings sign key partnershipArf, a global leader in providing working capital and settlement liquidity solutions, and LuLu Financial Holdings have partnered to revolutionise settlement times in the global payments and cross-border payments industry. This collaboration will allow LuLuFin to leverage Arf’s advanced More… |
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SFME welcomes GIB as a Forum Partner for 2025 editionSustainability Forum Middle East (SFME) has announced Gulf International Bank (GIB) as a Forum Partner for its upcoming third edition, set to take place from January 28 to 29, 2025, in Bahrain. This year’s Forum, held in the presence of Dr Mohamed More… |
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UAE’s GDP to grow 5pc in 2025 says reportThe UAE’s GDP is projected to grow by 5% year over year in 2025, continuing to outperform global GDP growth, which is forecast at 3.2.% – a modest increase on 3.1% in 2024. UAE’s consumer spending is predicted to rise by 4.3% and consumer pri More… |
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Forbes Middle East Women’s Summit honours Dalia KhorshidForbes Middle East Women’s Summit, held in Riyadh, Saudi Arabia, has honoured Dalia Khorshid, Group CEO of Beltone Holding, for her exceptional contributions to the investment sector and her leadership. This recognition was part of a celebration of visionary female leaders who participa More… |
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Burgan secures CBK nod to buy Bahrain's United Gulf BankKuwait-based Burgan Bank has announced that it has obtained the final approval from the Central Bank of Kuwait (CBK) to acquire 100% stake in United Gulf Bank (UGB), a licensed conventional wholesale bank headquartered in Bahrain. A strategic investor, UGB pos More… |
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AD Ports secures refinancing and upsizing of RCF to $2.1bnAD Ports Group has successfully refinanced and upsized its existing Revolving Credit Facility (RCF) from $1 billion to $2.125 billion (equivalent in AED and USD tranches). This move aims to optimise the group's financing costs by improving interest m More… |
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Fitch picks 4 GCC banks including FAB as flagship banksFitch Ratings has identified four banks in the Gulf Cooperation Council (GCC) (in Abu Dhabi, Qatar, Kuwait and Oman) as flagship banks. The banks are First Abu Dhabi Bank (FAB; AA-/Stable/a-), Qatar National Bank (QNB; A+/Stable/bbb+), National Bank of K More… |
