‎ ‎

About the author

Scale AI Opens UAE Office at Dubai International Financial Centre as It Expands in the Gulf

US artificial intelligence company Scale AI said it has set up a UAE office at the Dubai International Financial Centre, announced at a signing ceremony during the Dubai AI Festival.

Dubai Regulator DFSA Fines Former Firm Executive Gary Joseph Peters $210,000 and Bans Him From DIFC Financial Services

The Dubai Financial Services Authority fined Gary Joseph Peters $210,000 for giving false and misleading information to investigators and failing to produce documents, and barred him from financial services in the DIFC.

Iraq Delays 2027 Budget Submission to Parliament Until November 15 as Draft Shows 43 Trillion Dinar Gap

Iraq's draft 2027 budget will reach parliament by November 15, the head of the parliamentary finance committee said, as the plan projects spending of about 217 trillion dinars against revenue of 174 trillion dinars.

Dubai’s Empower Board Approves Up to AED5.5 Billion in New Three-Year Financing Facilities to Refinance Debt

Emirates Central Cooling Systems Corp. (Empower) said its board approved new unsecured conventional and Islamic financing facilities of up to AED5.5 billion.

Nakheel Awards AED950 Million-Plus Contract for 617 Homes at Bay Grove Residences on Dubai Islands

Nakheel awarded Parkway International Contracting a contract worth more than AED950 million to build 617 homes in Phases 2 and 4 of Bay Grove Residences on Dubai Islands.

Saudi Arabia’s Electrical Industries Co. to Build SR150 Million Plant for Power Transformer Tanks and Radiators

Electrical Industries Co. said its board approved a SR150 million plant to make tanks and radiators for power transformers, which it said would be the first of its kind in Saudi Arabia.

UAE Capital Market Authority Says Licensed Companies Rose 43% in First Nine Months of 2026 as ADX and DFM Value Reached AED3.7 Trillion

The UAE Capital Market Authority said the number of companies it licenses rose 43% from a year earlier in the first nine months of 2026.

UAE Startups and Innovators: Fortis, an AI Operating System for Restaurants

Fortis Digital Solutions, a Dubai-based point-of-sale software provider that raised $20 million in a 2024 Series A led by Opportunity Venture (Asia), has launched FortisOS, an AI-assisted operating system for UAE restaurants and cafés.

Saudi Azm Quarterly Profit Rises 23% to SR17.3 Million as Revenue Jumps 49% on New Projects

Saudi Azm for Communication and Information Technology said net profit for the three months to Sept. 30 rose 23% to SR17.3 million as revenue climbed 49%.

stc Kuwait Third-Quarter Profit Rises 2.8% to KD8.74 Million as Quarterly Revenue Grows 7.4%

Kuwait Telecommunications Company (stc) said third-quarter net profit rose 2.8% to KD8.74 million, helped by tighter control of operating expenses.

Oman’s Nama Electricity Distribution to Invest More Than OMR600 Million in Its Grid Through 2029

Nama Electricity Distribution plans to invest more than OMR600 million from 2026 to 2029 to expand and upgrade Oman's power distribution network.

TAQA Prices $1.75 Billion Dual-Tranche Bond, Including $1.1 Billion of Green Notes

Abu Dhabi National Energy Company has priced a $1.75 billion bond in two tranches, with an orderbook more than three times oversubscribed.
1...232425...145Page 24 of 145

Categories

BahrainBahrainBahrainBahrainBahrainFinancialInvestmentIraqIraqIraq
spot_img

Khaleej Business Insight

Khaleej Business Insight delivers curated global business news, exclusive insights, and expert analysis. As a trusted source, we provide depth and clarity in business, finance, the economy, and innovation. Stay informed in a fast-moving world.

Follow us

About us

Copyright Khaleej Business Sight 2025.