Sunday 14 August 2022
 
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Deliveroo delivers solid performance in challenging market

Deliveroo, 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;

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GFH H1 net attributable to shareholders rises 13.9pc to $42.18m

Bahrain-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.   

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Oman to post first fiscal surplus in a decade: Fitch

Fitch 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

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Mena records 359 M&A deals worth $42.6bn in H1

The 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

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ADNIC reports H1 net profit of $50.88m

Abu 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. 

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Digitally enabled Godel joins NextGenFDI programme

Godel 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

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Godel Technologies joins UAE’s NextGenFDI programme

Godel 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

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Riyadh to host Euromoney Conference in September

The 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

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Forbes unveils Middle East’s top 25 fintech companies

Forbes 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

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PwC 3-stage model for cryptocurrency regulation in the UAE

Clear 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

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