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Deliveroo delivers solid performance in challenging marketDeliveroo, a British online food delivery company, continued its growth in challenging market conditions with H1 2022 revenue rising 12%, orders up 10% and gross transaction value (GTV) up 7% year-on-year. Growth slowed sequentially in Q2 compared to Q1; More… |
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GFH H1 net attributable to shareholders rises 13.9pc to $42.18mBahrain-based GFH Financial Group, a dynamic financial investment group, saw its first-half (H1) net profit attributable to shareholders rise 13.9% to $42.18 million compared with $37.04 million in the first six months of 2021. More… |
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Oman to post first fiscal surplus in a decade: FitchFitch Solutions, a leading provider of credit intelligence, has said that Oman’s latest data release supports its view that the sultanate will post its first yearly fiscal surplus in a decade in 2022 amounting to 6.5% of GDP. Reven More… |
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Mena records 359 M&A deals worth $42.6bn in H1The Mena region recorded 359 merger & acquisition (M&A) deals worth $42.6 billion during the first six months of 2022, according to the Mena M&A Insights report released by professional services firm EY. The increase in M&A activity represents a 12% year- on-year More… |
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ADNIC reports H1 net profit of $50.88mAbu Dhabi National Insurance Company (ADNIC), one of the leading regional multi-line insurance providers for both corporates and individuals, recorded a net profit of AED186.9 million ($50.88 million) for the first six months of 2022. More… |
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Digitally enabled Godel joins NextGenFDI programmeGodel Technologies, a UK-based agile software development firm founded in 2002, has become the latest digitally oriented business to join the UAE’s landmark NextGenFDI initiative, the Ministry of the Economy announced. The move supports national ef More… |
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Godel Technologies joins UAE’s NextGenFDI programmeGodel Technologies, a UK-based agile software development company founded in 2002, has become the latest digitally-oriented business to join the UAE’s landmark NextGenFDI initiative, the Ministry of the Economy (MoE) has announced. The move supports the concerted national e More… |
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Riyadh to host Euromoney Conference in SeptemberThe Saudi Ministry of Finance and the Financial Sector Conference have joined forces with Euromoney to host the first in-person Euromoney Saudi Arabia Conference since 2019. Taking place on September 7 in Riyadh, the event will be focused on “The Institutionalisation of Inv More… |
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Forbes unveils Middle East’s top 25 fintech companiesForbes Middle East has unveiled the “Middle East’s Top 25 Fintech Companies for 2022’, highlighting the innovators in financial services that are helping businesses go digital and aiding consumers in the way they make payments and move money. The list was constr More… |
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PwC 3-stage model for cryptocurrency regulation in the UAEClear regulations, industry self-regulation and international coordination and cooperation will ensure transparency and compliance in the fast-paced UAE cryptocurrency sector with current transactions worth $25 billion. Crypto deals have grown 500% between Jul More… |
