Soor, a Bahrain-based insurtech platform, has secured a new investment from Spring, a venture studio and ecosystem builder backed by London-based global investment firm Salica and Al Waha Fund, that will enable it to accelerate its growth and product development.
The UAE Emirate of Ras Al Khaimah continues to establish its position as a leading investment destination, attracting AED771.5 million ($210 million) in the first half of 2026.
Islamic finance is evolving beyond its traditional role as a source of funding to become a strategic connector between liquidity-rich markets and fast-growing economies, says a new Standard Chartered report.
Abu Dhabi-based International Holding Company (IHC) has reported a sharp increase in its first-half profit which soared to AED26.2 billion ($7.13 billion), while its revenue surged 34.5% to hit AED64.9 billion ($17.6 billion) supported by higher revenue across several business segments.
The National Bank of Bahrain (NBB) has announced a new partnership with Turkish Airlines to provide exclusive travel benefits to its cardholders, including a 20% discount on flights.
Artificial intelligence (AI) could allow developing countries to do in a decade what might otherwise take a century — provided that governments act swiftly to close the gaps in power, connectivity, skills, and institutional quality that threaten to leave them behind, a World Bank Group report said.
Mastercard and Arab Financial Services (AFS), the Middle East and Africa’s leading digital payment solutions provider and fintech enabler, have joined forces to introduce corporate credit and prepaid cards, integrated with the AFS Pro mobile app, in the UAE and Egypt.
The year-on-year inflation in Organisation for Economic Co-operation and Development (OECD) countries declined to 4.2% in June, down from 4.6% in May, following three consecutive monthly increases, said a report. The headline inflation fell in 20 OECD countries, rose in 6, and was stable in 12. I
Dubai International Financial Centre (DIFC) has announced updates to the Prescribed Company (PC) Regulations, which are designed to broaden the use of PCs, DIFC’s equivalent of Special Purpose Vehicles or SPVs.
Sohar International Bank has announced the successful completion of its OMR149.3 million ($388.3 million) rights issue.
