Finance & Capital Market

Finance & Capital Market

Oman eyes global investment role with new financial centre initiative

Tue, 09 Jun 2026

Oman is seeking to strengthen its position as a destination for international investment, supported by an investment-grade credit rating, economic reforms and regulatory frameworks aligned with international standards. A key element of that strategy is the International Financial Centre of Oman (IFC Oman).

Finance & Capital Market

Blue Owl Capital boosts global presence with opening of Abu Dhabi office

Tue, 09 Jun 2026

Blue Owl Capital, an American alternative investment asset management company, has announced the opening of its new office at ADGM in Abu Dhabi. With this move, Blue Owl aims to strengthen its global footprint, underscoring its long-term commitment to the Middle East and focus on best supporting clients in the region.

Finance & Capital Market

Saudi Arabia's real GDP grows 3% in first quarter

Tue, 09 Jun 2026

Saudi Arabia's real GDP grew by 3.0% in the first quarter of 2026 compared with the same quarter of 2025, supported by growth in both oil and non-oil activities.

Finance & Capital Market

KPMG, INSEAD launch global AI Board Governance Principles

Tue, 09 Jun 2026

KPMG International has launched a set of AI Governance Principles for Boards, developed in collaboration with the INSEAD Corporate Governance Centre, to foster responsible governance of AI at board level, as organisations and their boards grapple with AI’s implications for strategy, operations and the board itself.

Finance & Capital Market

GCC sovereigns remain resilient as Fitch cuts global outlook

Tue, 09 Jun 2026

Most Gulf Cooperation Council (GCC) sovereigns remain supported by strong balance sheets and alternative export channels despite the economic and geopolitical fallout from the US-Iran war, which has prompted Fitch Ratings to revise its 2026 global sovereign sector outlook to “deteriorating” from “neutral.”

Finance & Capital Market

Strait of Hormuz disruption costs 'could top $150bn already'

Tue, 09 Jun 2026

The disruption to shipping through Strait of Hormuz is not just energy shock, but a whole economy story; and while direct damage to energy infrastructure exceeds $60 billion, lost revenue and trade loss will be above $150 billion, Crescent Petroleum CEO has said.

Finance & Capital Market

Gulf Capital announces exit from Eclat Health Solutions

Tue, 09 Jun 2026

Gulf Capital, a leading private equity firm in the region, has entered into a deal with Karthik and Sneha Polsani, the founders of Eclat Health Solutions, for its successful exit from the company. For Gulf Capital and its Fund III investors, the exit represents one of the most successful realisations in the firm’s history.

Finance & Capital Market

Invest Qatar showcases investment opportunities in Istanbul

Tue, 09 Jun 2026

Invest Qatar, the country’s Investment Promotion Agency, has concluded a high-level roadshow in Istanbul, Türkiye, showcasing Qatar’s diverse investment opportunities and strengthening engagement with Turkish investors and key business stakeholders.

Finance & Capital Market

StanChart to offer investment management, fund operations in KSA

Mon, 08 Jun 2026

Standard Chartered has received approval from the Capital Market Authority (CMA) for Standard Chartered Capital Saudi Arabia to undertake investment management and operating funds activities in the Kingdom.

Finance & Capital Market

Al Baraka Islamic launches cross-border banking service in Egypt

Sun, 07 Jun 2026

Bahrain-based Al Baraka Islamic Bank has announced the launch of a cross-border banking service that allows customers to open bank accounts in Egypt with ease. This reflects its commitment to expanding global services and providing integrated banking to its customers.