June 14, 2023

The GCC countries join forces in support of COP28 with a common goal of driving pragmatic and transformative climate advancements.

In an extraordinary ministerial meeting attended virtually, the Gulf Cooperation Council (GCC) nations reiterated their unwavering support for the United Arab Emirates (UAE) as it prepares to host the 28th session of the Conference of the Parties (COP28) this year.

June 13, 2023

Etihad Credit Insurance and KazakhExport have signed a Memorandum of Understanding (MoU).

Etihad Credit Insurance (ECI), the credit protection company of the UAE government, has taken a significant step towards fostering trade and promoting sustainable economic growth between the UAE and Kazakhstan by signing a Memorandum of Understanding (MoU) with export insurance company “KazakhExport.” This collaboration aligns with the vision of “We the UAE 2031,” which aims […]

June 13, 2023

Hudson Bay, a hedge fund with assets worth $20 billion, is extending its business operations to Dubai.

Hudson Bay Capital Management, a multi-strategy investment firm based in Greenwich, is set to open an office in Dubai, following in the footsteps of other prominent hedge funds like Balyasny Asset Management and ExodusPoint Capital Management.

June 13, 2023

Thani Al Zeyoudi and Piyush Goyal commemorate one year of the UAE-India CEPA and evaluate trade statistics.

Dr. Thani bin Ahmed Al Zeyoudi, the UAE Minister of State for Foreign Trade, and Piyush Goyal, India’s Minister of Commerce and Industry, recently convened in New Delhi to commemorate the first anniversary of the Comprehensive Economic Partnership Agreement (CEPA) between the two nations.

June 13, 2023

Emirates and Kenya Airways have established an interline partnership.

Emirates and Kenya Airways have announced a significant interline partnership, opening up a world of new travel possibilities for customers of both airlines. The agreement will enable passengers to access a wide range of destinations on the two airlines’ networks within a single itinerary, while also benefiting from seamless baggage check-in to their final destination. […]

June 13, 2023

Salik advises stock investors to exercise caution and avoid falling victim to fraudulent schemes promoted through social media platforms.

Salik, the exclusive toll gate operator in Dubai, has issued a warning to the public and investors about an active social media scam campaign falsely claiming to offer high returns for investing in Salik.

June 13, 2023

SICO’s Fixed Income Strategy is honored with the prestigious award for Best MENA Fixed Income Fund Strategy.

SICO, a leading asset manager, broker, and investment bank in the MENA region, has been awarded the esteemed title of Best MENA Fixed Income Fund Strategy at the Bonds, Loans & Sukuk Middle East Awards 2023.

June 13, 2023

Bank Albilad becomes the inaugural Saudi bank to offer Open Banking services.

Bank Albilad has successfully fulfilled the technical permit requirements to enable open banking services in accordance with the regulatory framework established by the Saudi Central Bank (SAMA).

June 13, 2023

Hisense is expanding its operations in the Kingdom by entering into a partnership with Abdul Latif Jameel Electronics

Hisense, a leading global electronics manufacturer, is expanding its presence in the Kingdom of Saudi Arabia through a strategic partnership with Abdul Latif Jameel Electronics.

June 12, 2023

Jazan’s Economic Zone Targets $2.93 Billion in Foreign Investments by 2040.

Jazan’s economic zone is poised to attract SR11 billion ($2.93 billion) in foreign investments by the year 2040, leveraging the untapped mining reserves valued at over $1.3 trillion.

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