Emirates NBD is the latest Gulf name turning to Asian lenders for cash. The bank is seeking a loan of at least USD 500 mn from Asian banks, with an option to upsize it to USD 1 bn, Bloomberg reports, ...

Islam Azzam (LinkedIn) has been appointed as acting chair of the Financial Regulatory Authority (FRA) under a presidential decree, the authority announced yesterday. Mohamed Farid previously held the ...

Dubai-based Magellan Capital launched a new open-ended credit fund targeting SME and individual borrower financing across the GCC and Europe, with USD 50 mn in seed capital and an AUM target north of ...

Yamna is building on an existing footprint. The Salalah project — Salalah Al Khadra Digital — is pitched as a power-and-compute campus bolted onto Yamna’s existing Salalah Al Khadra Hydrogen ...

The UAE expects its newly signed comprehensive economic partnership agreement (CEPA) with Benin to lift UAE exports to the West African country by more than USD 1 bn by 2033, Foreign Trade Minister ...

HSBC moved a senior wealth executive from Hong Kong to run its Gulf wealth business. Sami Abouzahr (LinkedIn) is now head of international wealth and premier banking for the UAE and the Middle East, ...

EBRD backs Scatec’s new Egypt renewables platform: The European Bank for Reconstruction and Development (EBRD) has committed up to USD 221 mn to a new platform that will hold stakes in Norwegian ...

The Future Investment Initiative (FII), the Kingdom’s flagship investment conference, has been pushed to next year. FII — also referred to as Davos in the Desert — was due to run this month, with ...

This year’s El Gouna Film Festival wraps up tonight, but behind its red carpet sits an industry where a hit film at home can still lose money. A mid-budget Egyptian feature now costs an average of EGP ...

Abu Dhabi is turning its clinical and genomic data into a draw for global drugmakers, and Lulu is going big in one of India’s ...

Consultancies are facing AI-driven pressure and a demand slowdown, with Cooper Fitch expecting only a partial consulting rebound in 2027 ...

Du reported a 9.8% y-o-y increase in 2Q 2026 net income to AED 797.8 mn, while revenue rose 4.6% to AED 4.1 bn, according to its financials (pdf). Stronger service revenue and cost discipline helped ...