In a bid to offer personalised financial products and services tailored to customer needs, Saudi Arabia has granted open banking certifications to two fintech companies, as announced by the Saudi Central Bank (SAMA). Umg Alholol…

The Investment Corporation of Dubai (ICD) has announced a record profit of AED36.1 billion ($9.8 billion) for 2022, driven by the rebound in Dubai's tourism sector following the Covid-19 pandemic, high oil prices, and a…

Abu Dhabi National Oil Company (Adnoc) has successfully entered into agreements with over 60 local and international companies to foster local manufacturing opportunities in various industrial sectors. Adnoc, in an official announcement on Wednesday, confirmed that…

Suhail bin Mohammed Al Mazrouei, the Minister of Energy and Infrastructure, has announced the launch of the Global EV Market, a transformative project aimed at establishing the UAE as a global hub for electric vehicles…

The banking sector in the UAE has achieved a remarkable 35 percent growth in net profits, reaching 18.3 billion dirhams ($4.98 billion) in the first quarter of 2023, according to global professional services firm Alvarez…