Blockchain and Islamic Finance are Merging in the GCC
Fintech transformation in the Gulf is gaining momentum, with blockchain and crypto increasingly embedded within regional financial systems. This shift is driven by economic reform
Gulf Stock Markets Rise on U.S. Rate-Cut Optimism
Gulf equities climbed modestly on September 4, buoyed by optimism around a potential U.S. Federal Reserve rate cut. Saudi Arabia’s index gained 0.3%, helped by
Saudi Card Game “Baloot” Goes Digital, Attracts Investment
Saudi Arabia’s popular card game, Baloot, is moving online—and capturing investor attention. A local studio behind the game has been acquired for $53 million, as
Undervalued Middle Eastern Small-Cap Stocks Attract Value Seekers
Small-cap equities across the Middle East are trading at an average 15% discount to their fair value, according to Morningstar. Investors are eyeing companies with strong fundamentals—like
Oil Prices Slip as OPEC+ Meeting Dawns
Crude prices dipped for the third consecutive day, with Brent falling 0.3% to $66.77 and WTI dropping 0.3% to $63.29. Markets are bracing for a
Mixed Week for Gulf Markets Amid Oil Slump & Rate Cut Speculation
Overall, Gulf bourses posted mixed results: Saudi Arabia ended its nine-session losing streak with a 0.3% gain, particularly lifted by a rally in Al Rajhi
Gulf Markets Climb on Hopes of Fed Rate Cut
Gulf stock markets edged upward early today, mirroring gains across Asian markets amid rising expectations of an impending U.S. Federal Reserve rate cut. Saudi Arabia’s
Khazna Secures $2.62 Billion Credit for Data Center Expansion
Khazna Data Centers—currently controlling 73% of the UAE’s data center market—has secured a $2.62 billion, 10-year credit facility from Abu Dhabi Commercial Bank and First
UAE Clarifies Corporate Tax Rules for Free Zones
The UAE has issued clarifications regarding new corporate tax regulations for its free zones. These guidelines specify which activities in free zones qualify for tax