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Batelco first with fully automated number portability

Batelco part of the Beyon Group has launched a seamless number portability feature on the Batelco mobile App enabling mobile users to instantly switch from their current provider to Batelco in a few quick...

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International Business Hub to kick off at GITEX Africa

The Bahrain Technology Companies Society (BTECH) is set to organise the International Business Hub at the second edition of GITEX Africa slated to unfold from May 29 to 31 in Marrakech Morocco. This global...

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Bahrain's GDP surges 2.4pc in 2023 on non-oil growth: Report

Bahrain s gross domestic product (GDP) increased by 2.4% at constant prices in 2023 when compared to the previous year according to national accounts estimates issued by the Information and eGovernment...

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DFSA, SFC co-host roundtable for Hong Kong asset managers

A high-level roundtable has explored opportunities for Hong Kong asset managers to distribute funds in the Dubai International Financial Centre (DIFC). The Dubai Financial Services Authority (DFSA) and...

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FIA Ethics Committee absolves Ben Sulayem of wrongdoing

The President of the Federation Internationale de l Automobile (FIA) Mohammed Ben Sulayem has received an official letter by 34 heads of FIA Member Clubs and Sport Federations of America expressing their...

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EDB finances record $2.83bn of industrial projects since 2021

Emirates Development Bank (EDB) has financed a record AED10.4 billion ( 2.83bn) of industrial projects since the launch of its strategy in 2021 taking its cumulative impact to the nation s industrial GDP...

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OQ Group posts robust $2.52bn in net profit for 2023

OQ Oman s global integrated energy group has posted a robust net profit of OMR970 million ( 2.52 billion) for 2023 on the back of OMR13.7 billion in revenue and EBITDA of OMR1.975 billion. This outstanding...

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Threat actors deliver malware via ‘YouTube video game cracks’

Proofpoint a leader in people-centric cybersecurity has identified multiple YouTube channels distributing malware by promoting cracked and pirated video games and related content. The activity likely targets...

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Marassi Galleria unveils line-up of exciting Eid events

Marassi Galleria Bahrain s newest premier lifestyle destination and a part of iconic waterfront development Marassi Al Bahrain has announced a line-up of exciting events for the Eid Al Fitr holidays that...

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Saudi Arabia declares April 10 as first day of Eid

The Kingdom of Saudi Arabia has announced that Eid Al Fitr which marks the end of Ramadan will begin on Wednesday (April 10) in the kingdom. Tomorrow will be the last day of Ramadan and Wednesday the beginning...

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Top GCC insurers' revenue surges 19pc to $32bn in FY2023

The price increases regulatory enforcement as well as merger and acquisition (M&A) activity and the favourable economic conditions have boosted the insurance revenue of 76 listed insurers in GCC for a...

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Fajr-led bank consortium complete Aster GCC business buy

A consortium of banks led by Fajr Capital one of Mena s leading private equity investors alongside Dr Moopen family have completed the 100% acquisition of Aster s GCC business successfully separating it...

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Abu Dhabi's private sector grows 35pc to $92.3bn

Abu Dhabi s private sector continued its strong growth reaching AED338.9 billion ( 92.3 billion) up 35% compared to 2016 as the emirate s non-oil sector grew 9.1% in 2023 to AED610 billion to contribute...

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Dubai Chamber explores private sector empowerment

Dubai Chamber of Digital Economy has discussed strategies to empower companies to support Dubai s digital transformation and maximise the contribution of advanced technologies such as artificial intelligence...

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PT detects a series of cyberattacks against Russia and the CIS

Positive Technologies Expert Security Centre (PT ESC) has discovered a new cybergroup called Lazy Koala whose victims include organisations from Russia and six CIS countries with approximately 867 employee...

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SC Ventures and NEXT176 to launch wealth platform

SC Ventures Standard Chartered s innovation fintech investment and ventures arm and NEXT176 the venture building and investment arm of Old Mutual have joined forces to launch an inclusive financial wellness...

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