Gulf Cooperation Council (GCC) banks' good performance should continue throughout 2024, absent any unexpected shock, thanks to increasing lending volumes, higher fee income, Read More
Business
Companies
Green Energy
Regional
World
ADNOC & ExxonMobil to Set Up Largest Hydrogen Facility
Abu Dhabi National Company (ADNOC) will acquire 35% equity stake in global oil major ExxonMobil Corporation’s proposed hydrogen and ammonia production facility Read More
Featured
Business
fintech
Islamic Bank
Merger and Acquisitions
Regional
start-ups
alrajhi Bank Acquires Majority Stake in Fintech Firm Drahim
Saudi-based lender alrajhi bank has acquired a 65% stake in the local fintech start-up ‘Drahim’ application, a leading financial management and automated investment Read More
Abu Dhabi National Energy Company (TAQA), one of the largest listed integrated utilities in Europe, Middle East and Africa, on Wednesday announced Read More
Business
Artificial Intelligence
Mergers and Acquisitions
Regional
World
Pinewood Acquires Minority Stake in Dubai’s AI Firm Seez
Pinewood Technologies Group – the company hived off from the UK’s leading automotive retailer Pendragon following the dealer group’s sale to Read More
Business
Banking
Companies
Mergers and Acquisitions
Regional
World
Tarabut Acquires Vyne Payments Platform
Tarabut, the first and largest regulated open banking platform in the MENA region, has acquired London-based Vyne, a real-time account-to-account (A2A) Read More
Business
Companies
Leisure travel
Regional
Tourism
World
Resort World Cruises Partners with Tourism 365
Tourism 365, a subsidiary of Abu Dhabi National Exhibitions Company (ADNEC) Group, has announced a partnership with international premier cruise line Resorts World Read More
abby, Saudi Arabia’s buy now pay later fintech firm, which is MENA’s leading shopping and financial services app, announced that Read More
Business
Companies
Mergers and Acquisitions
Regional
World
GE Vernova Fully Acquires Saudi Firm Dussur
The Saudi Arabian Industrial Investments Company (Dussur) said that it has divested its 55% ownership stake in General Electric Saudi Advanced Turbines (GESAT) Read More
