Zoom Video Communications has appointed Mohannad AlKalash as the new Managing Director for Middle East Turkey Africa and Pakistan (METAP). AlKalash s hire underscores Zoom s commitment to fostering local...

Building upon their successful global collaboration Cognizant and Google Cloud have announced their strategic partnership in the Saudi region. This effort aims to accelerate the adoption of cutting-edge...

Emirates Central Cooling Systems Corporation (Empower) the world s largest district cooling services provider has posted first-quarter profit before tax of AED182 million ( 50 million) a growth of 8.6%....

Saudi Vision 2030 which will require around 1 trillion in investments over several years will inevitably increase leverage in the Saudi private sector and the broader economy albeit from low levels according...

IndusInd International Holdings (IIHL) which has a significant shareholding from the UAE residents out of the 600 globally dispersed HNWI stakeholders is looking at growing its banking and financial services...

Bahrain s Information & eGovernment Authority (iGA) said its CEO Mohammed Ali Al Qaed has been honoured by His Highness the Amir of Kuwait Sheikh Mishaal Al Ahmad Al Jaber Al Sabah for his remarkable contributions...

Astra Tech a leading consumer technology holding group has announced the launch of Palm Pay through its CBUAE-licensed fintech subsidiary PayBy which holds the exclusive patent for this innovative technology....

Samsung Gulf Electronics has announced it is adding support for the Arabic language in Galaxy AI empowering even more Galaxy users in the Middle East to harness the power of mobile AI. Arabic is one of...

Bahrain s non-oil exports of national origin hit BD1.02 billion ( 2.7 billion) in the first quarter (Q1) of 2024. The top 10 countries accounted for 72% of the total export value the Information & eGovernment...

Standard Chartered is among the first few institutions to offer locally domiciled funds for retail clients in the UAE in partnership with international providers. This is in line with the new Securities...

DXwand a global player in AI-powered conversational technology has announced its launch to Saudi Arabia with AstroLabs a leading business expansion platform in the Gulf. The strategic move comes following...

Americana Restaurants International the largest out-of-home dining and quick service restaurant operator in the region has posted a first quarter revenue fall of 16.3% to 493.5 million leading to a drop...

Zain Bahrain a telecommunications industry innovator in the Kingdom has reported a net profit of BD1.07 million ( 2.8 million) for the first quarter down 25.3% over last year s figures of BD1.43 million...

Buoyed by 68.65% increase in traded volume and 34.21% increase in traded value Boursa Kuwait s first-quarter 2024 net profit rose 8.63% to KD4.68 million ( 15.22 million). Meanwhile the company s operating...

Dell Technologies is expanding its data protection portfolio of appliances software and as-a-Service offerings to help customers strengthen cyber resiliency in the face of increasing cyberattacks. With...

Kuwait s economic growth (real GDP) projection for 2024 was revised by the World Bank to 2.8% y/y higher than the 2.6% y/y forecasted earlier in January 2024 owing to expectations of phasing out of OPEC...