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.
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.
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.
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.
Bahrain's Information & eGovernment Authority (iGA) has announced the complete migration of all services available on the Islamiyat app to the unified 'MyGov' app as part of the government mobile applications merger plan. MyGov now offers 111 features and services provided by 15 government entities.
Aggregate net profits reported by companies listed on GCC exchanges rose 15.5% year-on-year in the first quarter to a record quarterly high of $67.9 billion, up from $58.8 billion, said a report. This growth was mainly due to stronger earnings from energy companies, particularly Saudi Aramco.
Kuwaiti investors’ total purchases of shares in Kuwait Stock Exchange amounted to KD6.466 billion (around $19.8 billion), said a report. These accounted for 82.6% of the total value of shares purchased.
The UAE's $1.4 trillion investment programme in the United States is progressing ahead of schedule, with officials highlighting advances in AI infrastructure, energy projects and manufacturing investments during talks in Washington this week.
Abu Dhabi Securities Exchange (ADX)-listed companies reported AED48 billion ($13.1 billion) in profits in Q1 2026, up 17% year-on-year, while AED66.2 billion in dividends have been announced to date this year, reinforcing the market’s depth, resilience, and shareholder value, said a senior official.
The Dubai Department of Economy and Tourism (DET) has launched SME in a Box, a new platform designed to make it faster, simpler, and more cost-efficient for entrepreneurs to start and operate businesses in Dubai.
