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Outlook for GCC IPOs remains positive for 2024: PwC

The outlook for the GCC IPO market remains positive with a healthy IPO pipeline of companies from a diverse range of sectors busy preparing for their upcoming IPOs across the region, notes PwC Middle East’s latest IPO+ Watch.

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Cyberattacks in the Middle East tripled in Q1 2024: study

In Q4 2023, the number of successful cyberattacks in the Middle East doubled compared to the same period the previous year, and in Q1 2024, it tripled.   This is according to Positive Technologies, a leader in re

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Cyberattacks in the Middle East tripled in Q1 2024: study

In Q4 2023, the number of successful cyberattacks in the Middle East doubled compared to the same period the previous year, and in Q1 2024, it tripled.   This is according to Positive Technologies, a leader in re

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98% UAE business leaders plan to hike their AI investment

The vast majority (97.6%) of CEOs and senior managers of organisations in the UAE plan to increase their investments in AI for cybersecurity amid a continuing uptick in cyberattacks.   This is according to new re

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KFSHRC hospitals serve 2m Saudis across 3 major cities

King Faisal Specialist Hospital & Research Centre (KFSHRC) has seen a significant growth in the number of patients last year, with those admitted across its three hospitals in Riyadh, Jeddah and Madinah reaching over 40,000. This is an inc

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Saudi Arabia’s non-oil exports rise 10.5pc in Q2 2024

Saudi Arabia's non-oil exports increased by 10.5% during the second quarter of 2024, compared to the second quarter of 2023, the General Authority for Statistics (GAS) has announced.   The International Trade

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NBB increases its shareholding in Sico to 21.07pc

The National Bank of Bahrain (NBB) has announced that it has increased its shareholding in Sico from 12.51% to 21.07%.    The NBB Group continues to seek strategic opportunities that contribute to elevating

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Nahdi Q2 revenue rises 10.8pc to $660m

Nahdi Medical Company posted strong revenue growth of SR2.47 billion ($660 million) for the second quarter (Q2) an increase of 10.8% on Q1 2024. For the first half of the year, Nahdi recorded SR4.73 billion in revenue, an increase of 9.1% on H

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Nahdi Q2 revenue rises 10.8pc to $660m

Nahdi Medical Company posted strong revenue growth of SR2.47 billion ($660 million) for the second quarter (Q2) an increase of 10.8% on Q1 2024. For the first half of the year, Nahdi recorded SR4.73 billion in revenue, an increase of 9.1% on H

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Nahdi Q2 revenue rises 10.8pc to $660m

Nahdi Medical Company posted strong revenue growth of SR2.47 billion ($660 million) for the second quarter (Q2) an increase of 10.8% on Q1 2024. For the first half of the year, Nahdi recorded SR4.73 billion in revenue, an increase of 9.1% on H

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