Saudi Arabia launches $400m fund to boost startups and SMEs
Saudi Arabia’s Small and Medium Enterprises General Authority (Monsha’at) has launched the second edition of the Estrdad initiative, worth SR1.5bn ($400m), to refund government...
Saudi bank credit hits record $849bn in June 2025, up 15.8% year-on-year
Bank credit in Saudi Arabia reached a new record high by the end of June 2025, climbing to SR3.186tn ($849bn), according to the Saudi...
Abu Dhabi’s Lunate expands into hedge fund with Brevan Howard partnership
Lunate, the Abu Dhabi-based global alternative investment manager with over US$110 billion in assets under management (AUM), will make a strategic expansion into hedge...
Sukoon to provide family Takaful to Emiratis up to 95 years of age
Sukoon Takaful, one of the prominent Takaful insurance companies in the region, will offer specialised family Takaful coverage to eligible UAE nationals after signing...
Dubai Finance Department, GDFRA sign MOU to support ‘Cashless Dubai’ strategy
Dubai’s General Directorate of Identity and Foreigners Affairs (GDRFA Dubai) and the Dubai Finance Department have signed a Memorandum of Understanding (MoU) to accelerate...
