Sharjah had last year attracted 142 foreign investment projects worth AED7.74 billion ($2.1 billion) and is now planning to target further investment in technology, manufacturing, logistics and clean energy. It will explore new opportunities in India, US, Britain and European markets.
BitOasis, a CoinDCX firm and one of Mena’s pioneer and leading regulated digital asset platforms, has announced the appointment of Jonathan Rigg as Chief Executive Officer.
GCC central bank officials reviewed regional efforts to combat money laundering and terrorist financing at a key meeting held in Bahrain where they also discussed ways to boost regional financial systems, including co-operation on payment infrastructure, banking supervision and cybersecurity.
Qatar's Export Unit Value Index for the second quarter recorded an increase of 17.64% compared to the previous year, thus reflecting higher unit values of exported goods and demonstrating the resilience of the Qatari economy amid international developments.
Kuwait Finance House - Bahrain (KFH-Bahrain) has joined Fintech Forward 2026 (FF26) as a Diamond Sponsor.
Network International (Network), a leading fintech company, has launched its regional acquiring capability that enables merchants to seamlessly accept payments across GCC markets through a single integration.
Leading Kuwaiti bank Burgan has launched a rights issue of up to KD50 million ($161.4 million) as part of efforts to boost its capital position and enhance financial flexibility to support its strategic priorities, including strengthening its Kuwait business, reallocating assets and accelerating digital transformation.
Companies listed on GCC exchanges reported aggregate net profits of $74.8 billion in Q2, up 31.3% over previous year. At the country level, the profit growth was led by Kuwait, Saudi Arabia, UAE and Oman, where firms posted double-digit y-o-y increases, according to Kamco Invest.
Saudi Arabia's PayTabs Group and Amazon Payment Services have agreed to a more than $100 million deal under which PayTabs will acquire Amazon's Middle East and North Africa (MENA) payments operations, a transaction that will further consolidate the region's fragmented payments market.
Kuwait International Bank (KIB) has announced the successful pricing of its inaugural $500 million unsecured issuance under its $1.5 billion sukuk programme. This strategic issuance supports the diversification of KIB's funding sources and boosts its long-term funding base.
