Power equipment maker GE Vernova has acquired Alteia, a portfolio company of Saudi Aramco’s venture capital fund, Wa’ed Ventures. Wa’ed Ventures did not disclose a value for the acquisition. Alteia, a ...

RIYADH — The Saudi government has set a revised unemployment target of 5% following continued improvements in job creation and labor participation, as highlighted in the final International Monetary ...

Dubai, UAE: Tarabut, MENA’s leading open banking and embedded finance platform, has received in-principle approval from the Central Bank of the United Arab Emirates (CBUAE) following the introduction ...

Dubai, UAE: Al Saqer Property Management (ASPM), a key division of United Al Saqer Group L.L.C and a prominent service provider in Abu Dhabi, Al Ain, and the Northern Emirates, was granted the ...

Saudi Arabia remained the Gulf Cooperation Council (GCC) region’s top issuer of bonds and sukuk in the first half of 2025, despite debt issuances falling 20% year-on-year (YoY), Kuwait Financial ...

Manama, Bahrain: BlueFive Capital announced today that Bahrain Mumtalakat Holding Company, the sovereign wealth fund of the Kingdom of Bahrain, has acquired a stake in the firm, underscoring ...

Buoyed by a strong debut on Egypt’s stock exchange, Valu, a fast-growing consumer finance company, is now envisaging its first cross-border expansion and the launch of new products at home, according ...

Dubai, UAE: RAKBANK has announced the launch of its crypto brokerage service via its mobile app for retail customers, becoming the first conventional bank in the UAE to enable crypto trading services ...

Regulated retail derivatives to give traders greater flexibility, risk control, and strategic options across all market conditions. Arabic and English language user education tools and risk management ...

Abu Dhabi Islamic Bank (ADIB) today announced a 16 percent year-on-year increase in pre-tax net profit for the first half of 2025, reaching AED4 billion, reflecting strong balance sheet growth, ...

Saudi Arabian artificial intelligence (AI) start-up Lucidya has secured $30 million from investors, including Aramco's investment arm, as the company looks to scale its platform. The Series B funding, ...

Abu Dhabi's IHC has acquired eFunder, a digital platform that provides financing to small and medium-sized enterprises (SMEs). The platform, which is now being rebranded to Zelo, seeks to address a ...