Bahrain-based GFH Financial Group said it had played a key role in the successful issuance of a $500 million sukuk by leading Saudi mall developer Arabian Centers Company as one of the joint lead managers and bookrunners for the transaction.
Haji Gallery, a leading distributor of global sanitaryware brands such as Hansgrohe and Duravit in the Kingdom of Bahrain, has signed an agreement with Gulf University, College of Engineering for the launch of its unique university support programmes.
Around two million, or 20% of the UAE population have shifted to online shopping during the last few years – raising the online shopping population from 4.5 million in 2019 to 6.5 million in 2023.
Nothing has launched Phone (2a), its new smartphone offering, at the world’s most attended technology event in Riyadh, Saudi Arabia.
More than 70% of UAE merchants surveyed claim increased revenue and higher customer footfall since accepting digital payments, says a Visa study titled 'Value of Acceptance'.
Montblanc, a leading global maison for luxury business lifestyle, celebrated the opening of its boutique in Mall of Dhahran this week, together with longstanding partner Paris Gallery.
The Ajman Consumer Sentiment Index for 2023 has registered an rise of 131 points, exceeding the global average of 100 points, indicating that consumers in the emirate are more optimistic about the economic outlook than consumers in most other countries.
Bahrain Telecommunications Company (Beyon) has reported solid results for FY 2023 with a profit of BD72 million ($191 million), up 2% over 2022, while its revenue surged 5% to hit BD425 million ($1.1 billion) mainly on mobile and digital services growth.
Stones Luxury, a purveyor of handmade, luxury art pieces crafted by Arab artisans, has opened its newest gallery in Bahrain. The new outlet at Diplomatic Area is its fifth in the region after being launched at Saudi Arabia, Qatar, Jordan and Oman.
While economic uncertainties persist globally, consumer spending in the Kingdom of Saudi Arabia (KSA) is expected to remain steady in 2024.
