Finance & Capital Market

Finance & Capital Market

Industry experts call for stronger AI governance as enterprise adoption grows

Sun, 05 Jul 2026

Artificial intelligence has moved beyond experimentation to become a strategic operating layer for modern enterprises, but with that shift comes a new set of governance, cybersecurity and business risks, said industry experts at a key event hosted by the Indian Business & Professional Council (IBPC Dubai).

Finance & Capital Market

Saudi-funded $50m medical faculty opens in Sri Lanka

Sun, 05 Jul 2026

The Saudi Fund for Development has inaugurated a $50 million medical faculty at Sri Lanka's Sabaragamuwa University, the latest project under the Fund’s four-decade development partnership with the island nation. It includes a modern medical lab, para-clinical teaching facilities and a library.

Finance & Capital Market

India, Russia deepen economic ties as trade nears record $70bn

Sun, 05 Jul 2026

Bilateral trade between India and Russia has reached a record high of nearly $70 billion, driven primarily by Russian oil and fertilizers exports as well Indian pharma products, thus reflecting the growing scope of economic ties between the two countries, a senior Indian government official said.

Finance & Capital Market

SICO completes merger of fund services unit into bank

Sat, 04 Jul 2026

Bahrain-based investment bank SICO has announced the successful completion of the merger of its key subsidiary, SICO Funds Services Company, into the bank, thus marking the final phase of its strategic integration initiative designed to further boost its integrated operating model.

Finance & Capital Market

DDSC gets Central Bank nod for partnership with selected platforms

Sat, 04 Jul 2026

DDSC, the UAE dirham-backed stablecoin developed through the collaboration between IHC, First Abu Dhabi Bank (FAB) and Sirius International Holding, has received the go-ahead from the Central Bank of UAE to go live on key Virtual Assets Regulatory Authority (VARA)-regulated exchange platforms.

Finance & Capital Market

International investors deploy $5.3bn into Saudi private markets in 2025

Fri, 03 Jul 2026

Foreign private capital investment in Saudi Arabia's private markets reached SAR20 billion ($5.3 billion) in 2025, representing about 60% of total private capital investment in the Kingdom and marking a significant milestone in the continued expansion of Saudi Arabia's private capital ecosystem.

Finance & Capital Market

Lasting US–Iran ceasefire key to GCC banks’ continuing resilience: Fitch

Thu, 02 Jul 2026

The durability of the US–Iran ceasefire and prospects for a permanent de-escalation are central to whether Gulf Cooperation Council (GCC) banking systems remain resilient to the impacts of the conflict, Fitch Ratings says.

Finance & Capital Market

Dubai announces $4.9bn infrastructure development projects

Wed, 01 Jul 2026

Dubai has announced plans to develop several landmark projects at a total investment of AED18 billion ($4.9 billion), covering infrastructure, culture, trade, investment and urban development, as the emirate seeks to support long-term economic growth and improve quality of life, said a report.

Finance & Capital Market

Franklin Templeton expands Middle East presence with new Qatar office

Wed, 01 Jul 2026

Franklin Templeton is expanding its presence in the Middle East through the establishment of its Qatar entity, Franklin Templeton Investments QFC.

Finance & Capital Market

Qatar records $3.4bn FDI capex in 2025 across 373 projects

Wed, 01 Jul 2026

Qatar attracted $3.4 billion in FDI capital expenditure (capex) across 373 projects that generated 15,051 new jobs, according Invest Qatar’s 2025 Annual Report.