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Spinneys to launch IPO; offers 25% of firm's shareSpinneys 1961 Holding, an operator of premium grocery retail supermarkets under the Spinneys, Waitrose and Al Fair brands has announced its intention to proceed with an initial public offering (IPO) and to list its ordinary shares for trading on the DFM in Dubai. More… |
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Bain & Company and stc 'top companies': LinkedInConsultancy firm Bain & Company and telecom major stc emerged the top companies in UAE and Saudi Arabia respectively, according to the annual list of LinkedIn, the world's largest professional network. After three back-to-back years at the top of the t More… |
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World Bank raises UAE real GDP growth forecast to 3.9%The World Bank has raised its forecast for the UAE's real gross domestic product (GDP) growth to 3.9% in 2024, compared to its previous forecast in January of 3.7%, a report said. In an economic update published on April 15 on the latest economic developments in the Middle East and More… |
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AIM Congress 2024 to help drive global investmentIn a landscape marked by economic flux and environmental concerns, the AIM Congress 2024 stands as a beacon of collaboration and insight, poised to drive global investment prospects. To be held under the theme, "Adapting to a Shifting Investment Lan More… |
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SNB Capital’s Rashed Sharif tops Forbes Asset Managers listRashed Sharif, CEO of SNB Capital, has topped the Forbes Middle East Top 30 Asset Managers ranking, controlling $65.6 billion in assets under management (AUM) as of December 2023. Investcorp’s Mohammed Alardhi has been placed second, managing $52.2 More… |
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NBB names winner of Bahrain luxury villa, cash prizesThe National Bank of Bahrain (NBB) has announced the first winners of the Thara’a Prize Account raffle draw. The draw, which was for March 2024 prizes, saw Dhaifalla Masaad Alsalami emerge as the winner of a luxury villa, while Yusuf Ahmed Alsaegh More… |
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IndusInd International to acquire 60pc stake in Invesco IndiaMauritius-based IndusInd International Holdings Limited (IIHL) has entered into a definitive agreement with global independent investment management firm Invesco to acquire a 60% stake in its Indian unit IAMI which boasts over $1.6 trillion in assets under management. More… |
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Saudi bank alrajhi tops Forbes Most Valuable Bank rankingForbes Middle East has revealed its ‘30 Most Valuable Banks’ ranking, featuring the resilient, profitable, and customer-centric banking titans in the region. As of February 23, 2024, the 30 banks had a combined value of $581.1 billion, up 14% over More… |
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Valu empowers ESLSCA students with flexible payments solutionsValu, Mena’s leading universal financial technology powerhouse, has partnered with ESLSCA University, a leading international university in Cairo to offer students flexible payment solutions and installment plans. This collaboration addresses finan More… |
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Bahrain's GDP surges 2.4pc in 2023 on non-oil growth: ReportBahrain’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 Authority (iGA). The GDP surged to BD13.6 billion ( More… |
