Emirates Central Cooling Systems Corporation PJSC (Empower) will distribute interim cash dividends of AED437.5 million ($119.13 million) to shareholders for the first half of 2026.
Remittances from Egyptians working abroad increased by 28.1% to $29.7 billion during the first seven months of 2026 compared to $23.2 billion for the same period last year.
The Qatar Investment Authority is targeting a $20 billion partnership with JPMorgan Chase & Co, people familiar with the matter said, months after the wealth fund inked a similar agreement with Goldman Sachs Group.
Kamco Invest, a regional non-banking financial powerhouse in Kuwait, has announced that it has received the go-ahead from the board of directors to change its name to Burgan Capital Investment Company. The final decision will however be taken at the General Assembly by the shareholders.
The future of artificial intelligence in financial services, investment decision-making and institutional governance was highlighted at Money20/20 Middle East.
Estithmar Holding has announced the completion of the transfer of a 48.68% stake in Shahba Bank to Masaref Holding, subsidiary of Estithmar Capital, Estithmar Holding’s financial services and investments arm.
Paymob, a leading payments infrastructure service provider, has announced a $35 million pre-Series C funding round co-led by Mubadala and the European Bank for Reconstruction and Development (EBRD).
The value of cargo moving through a logistics corridor linking Sharjah ports with Oman rose 66.2% in the first three months of operation to hit AED1.7 billion ($463 million). This comes as part of a broader strategy to develop an integrated customs ecosystem linking seaports with land border crossings.
Saudi sovereign wealth fund PIF has announced the launch of its innovative digital platform - Tawrid Company for Financing Solutions - to provide supply-chain financing products to Saudi companies. Tawrid will play a vital role in connecting buyers, suppliers and funders through its digital platform.
SICO Wealth, a dedicated wealth and asset management unit of top investment bank SICO, has appointed Ahmed Burashid as its new Chief Executive Officer. In his new role, Burashid will lead the group’s establishment, business activities and drive its growth, drawing on the Group’s capabilities in Bahrain, Saudi Arabia, and the UAE.
