D360 Bank, a Shariah-compliant digital bank based in Saudi Arabia, has announced that it has welcomed over one million customers within just four months of its official launch. This achievement sets a new global standard for digital banking adoption, demonstrating the increasing demand for efficient and secure digital financial solutions in the region. Since its...
Hong Kong-based AI company viAct has successfully raised $7.30 million in a Series A funding round. The investment was led by Ireland’s VentureWave Capital, with additional participation from Singtel Innov8 and Korean Investment Partners. The company aims to expand its business on a global scale, particularly focusing on the Middle East, with a special emphasis...
Saudi state oil giant Aramco is exploring potential asset sales as a strategy to raise funds while pursuing international expansion and managing the impacts of lower crude prices. According to two sources familiar with the situation, the company has engaged investment bankers to propose ideas on how to leverage its assets for financial gain. As...
His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, the Crown Prince of Dubai, Deputy Prime Minister, and Minister of Defence, has commenced an official visit to Oman today. He is leading a senior delegation as part of this diplomatic mission. Credit: Arabian Business The purpose of this visit is to enhance and strengthen...
Etihad Airways is embarking on a transformative journey that includes ambitious growth targets and a strong commitment to fostering local talent, according to CEO Antonoaldo Neves. The airline’s strategic plan for the coming years, shared during a recent conversation, highlights an expanding network supported by a steady influx of new aircraft, with plans to increase...
Her Highness Sheikha Fatima bint Mubarak has donated AED172 million to support the Life Endowment campaign. Sheikha Fatima, who serves as Chairwoman of the General Women’s Union and President of the Supreme Council for Motherhood and Childhood, made the contribution to enhance community welfare and support various initiatives. Credit: Media Office Abu Dhabi This generous...
UAE-based fintech company Gainz has successfully completed a seven-figure pre-seed funding round that combines both equity and debt. This funding round was spearheaded by Antler MENAP, along with Lithium Holdings and Eleventh Invest Inc., and received support from various high-net-worth investors in the region. Founded in December 2024 by Shehab Mokhtar and Sherif Abdelaty, Gainz...
Saudi Arabia has been recognized as the fastest-growing startup ecosystem in the world, according to the Global Startup Ecosystem Index 2025 released by StartupBlink. The country achieved an impressive growth rate exceeding 200%, making it the only nation in the global top 100 to reach such a milestone. This achievement has also earned Saudi Arabia...
Egypt has successfully attracted investments exceeding $47 billion from more than 1,800 American companies over the past two decades. This information was disclosed by Prime Minister Mostafa Madbouly during the US-Egypt Policy Leaders Forum. The Prime Minister highlighted that these American firms operate in a variety of sectors, including energy, industry, information technology, financial services,...
Saudi Arabia has successfully repaid SAR60 billion (approximately $16 billion) in sukuk, or Islamic bonds, that are set to mature over the next five years. In conjunction with this repayment, the kingdom has issued a new sukuk of the same value to support its domestic market and meet its debt obligations, according to a statement...