Tuesday 5 November 2024
 
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Tamam, ZainTECH, Fico and Lean to drive AI in Saudi fintech

Tamam, a Zain fintech and leader in KSA’s microlending sector, is collaborating with ZainTECH, Fico, and Lean Technologies to develop cutting-edge, AI-driven data solutions specifically tailored to the Saudi consumer finance market.    The alliance wi

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Americana 9M net slumps 48.2pc to $117.4m, revenue at $1.61bn

Americana Restaurants International, the largest dining and quick service restaurant operator in Mena and Kazakhstan, has seen its nine-month (9M) attributable net slump 48.2% to $117.4 million as revenue fell 15.2% to $1.61 billion.   Topline growth continued t

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PureHealth 9M net rises 13pc to $380m, revenues surge 56pc

PureHealth Holding, the largest healthcare group in the Middle East, has posted a nine-month (9M) net profit increase of 13% to AED1.4 billion ($380 million) on a revenue surge of 56% to AED19 billion.   EBITDA grew by 26% year-on-year to AED3.1 billion, achievi

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Saudi Red Sea Authority launches coastal tourism insurance

The Saudi Red Sea Authority (SRSA) has announced that it has signed a co-operation agreement with the Insurance Authority to launch insurance products that cover risks associated with all coastal tourism activities through local insurance companies.   This initi

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Criminals reverting to old-school tactics with new twists: Visa

Visa’s the State of Scams: Fall 2024 Biannual Threats Report brings to light several emerging threats and scams targeting banks and consumers, including a surprising resurgence of small-scale physical crime.    “Visa invested $11 billion in tech

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ESG sukuk growth to be sustained in Q4 24-2025: Fitch

Global ESG sukuk issuance is expected to continue rising over Q4, 24-2025, driven by investor demand, funding and diversification goals, and government sustainability initiatives in some Muslim-majority countries, Fitch Ratings says.   The expected US Federal Re

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Dubai’s expansionary budget to support GDP growth: research

The announcement of an expansionary budget for Dubai, with a significant allocation for infrastructure spending will support the view that growth will remain constructive over the coming years.    “We forecast a real GDP expansion of 3.5% this year an

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World’s visionary leaders address humanity’s challenges

Global leaders, visionary innovators and influential investors have gathered at the 8th annual Future Investment Initiative (FII) to explore the theme “Infinite Horizons: Investing Today, Shaping Tomorrow.”    Under the leadership of CEO Richard

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Dubai allocates 46% of 2025 budget for infrastructure

Dubai government has allocated 46 per cent of the total spending proposed in its 2025 budget for the infrastructure sector and its related construction projects.   Dubai government on Tuesday approved three-year budget cycle (for 2025-2027) with a total

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Dubai approves largest ever surplus three-year budget

Dubai government's three-year budget cycle (for 2025-2027) has been approved with a total expenditure of AED272 billion ($74.05 billion) and a total revenue of AED302 billion ($82.22 billion).    This budget cycle, the largest in the emirate’

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