The primary debt issuances of bonds and sukuk in the Gulf region hit $92.1 billion through 215 issuances for the first half, down 5.5% over last year. Saudi-based issuances led the GCC raising $47.9 billion through a total of 71 issuances, said a report.
BENEFIT, the kingdom’s innovator and leading company in fintech, has signed an agreement with General Assembly Bahrain, marking a strategic partnership to support the development of national talent and empower their capabilities within the tech sector.
Microsoft has announced that it has become the second company in history to surpass a market capitalisation of $4 trillion, following sustained momentum in its stock performance. Chipmaker Nvidia continues to lead the market with $4.4 trillion valuation.
Leading UAE telcom group & has recorded solid results for the first half of with a consolidated revenue of AED34.9 billion ($9.2 billion), up 23% over last year, while its net profit for the period surged by 60% to hit AED8.8 billion ($2.4 billion).
King Abdullah City for Atomic and Renewable Energy (KACARE), in collaboration with the Saudi Water Authority, has completed the development of an integrated water desalination system using solar thermal energy and forward osmosis technology in Riyadh.
The Saudi Ports Authority (Mawani) has announced the addition of a new shipping service 'AR2 Asia Red Sea,' operated by Wan Hai Lines Company to the Jeddah port. The service will connect the kingdom's major port to 10 regional and international ports.
Leading Bahrain technology group Beyon has delivered solid results for the first six months of 2025 with its revenue surging by 9% to hit BD242.8 million ($644 million), while its net profit for the period stood at BD35.3 million ($93.6 million).
A majority of UAE technology leaders identify cloud (93%) and Generative AI (GenAI) (89%) transformation as top business priorities over the next three years, recognizing both as foundational to future growth, according to a new study.
Northstar Telecom Solutions has appointed Northstar Computer Trading as the official distributor for IO by HFCL portfolio in UAE. A key Wi-Fi and networking solution, IO by HFCL caters to major sectors including hospitality, smart city and healthcare.
Zain Bahrain, a leading telecom sector innovator in the kingdom, has reported a revenue of BD41.25 million ($109 million) for the first six months, up 7.3% compared to the previous year, while its total profit attributable to shareholders surged by 4.8%.
