Dubai Investments has announced the promotion of Mushtaq Masood to the post of Chief Operating Officer. As COO, he will be responsible for leading the group’s operational strategy as well as enhancing efficiencies and overseeing mergers and acquisitions.
Central Bank of Bahrain has reported a significant rise in financial institution licensing with 16 new firms approved and 52 more applications underway, thus highlighting the kingdom’s growing appeal as a destination for digital-first financial services.
The Central Bank of Bahrain (CBB) has announced the introduction of a framework for the licensing and regulating of stable coin issuers, aimed at ensuring the safe and sound integration of stable coins into the financial system.
Abu Dhabi Securities Exchange has, in partnership with leading banks HSBC and First Abu Dhabi Bank, entered the pricing stage, in an initial step towards listing of the first-ever, distributed ledger technology (DLT)-based bond in the region.
The equity markets in the Kingdom of Saudi Arabia have developed faster than its debt markets, thanks to its robust banking system that provides competitive financing for nonfinancial corporates, according to S&P Global Ratings.
PwC Middle East has welcomed 62 new partners, thus reflecting its commitment to investing in talent and strengthening leadership across the region. Of these 26% are women, a meaningful step toward a more diverse and representative partnership group.
KPMG International has announced the launch of a multi-agent AI platform to help transform client delivery and ways of working across the global organisation. The Workbench is part of its multi-billion dollar investment in AI and agentic transformation.
UAE and China have launched Qingdao Overseas Integrated Service Centre in a move aimed at increasing the $400 billion trade with Arab world. It will help boost two-way investment and socio-economic co-operation between businesses, industries and people.
Bahrain's Labour Fund (Tamkeen) has announced the release of the updated Financial Services Sector Skills Report, as part of the “Skills Bahrain” initiative and developed in collaboration with private sector stakeholder holders and government entities.
Saudi Arabia has announced that its Foreign Direct Investment (FDI) inflows surged by 44% during Q1 to hit SAR22.2 billion ($5.9 billion), while overall unemployment rate (including Saudis and expats) stood at 2.8%, reported SPA citing official data.
