Prime Highlights The UAE Central Bank is partnering with Core42 to create a sovereign financial cloud to secure banking data and support AI services. The platform will enable banks to…
Prime Highlights The global Islamic fintech industry is projected to grow strongly, reaching $341 billion by 2029, driven by rising demand for digital financial services and Shariah-compliant assets. Saudi Arabia,…
Prime Highlights Accor plans to expand its global network and strengthen its loyalty program to drive future growth. The company will sell its stake in Essendi and use the proceeds…
Prime Highlights Saudi Arabia’s POS transactions remained above $4 billion in the week ending Feb. 14, reflecting steady consumer activity despite a slight weekly decline. Spending on furniture, electronics, and…
Prime Highlights Saudi Steel Pipe Co. reported a net profit of SR192 million ($51.19 million) in 2025, up 6.08% from 2024, driven by land settlement compensation, lower finance costs, and…
Prime Highlights Sustainable bond issuance in the Middle East is expected to reach $20–25 billion in 2026, showing strong regional demand despite a global slowdown. Saudi Arabia and the UAE…
Prime Highlights Saudi Arabia is boosting cooperation with European partners in pharmaceuticals, trade, and critical minerals. The initiative supports Vision 2030 goals to localise high-tech manufacturing and build resilient supply…
Prime Highlights Saudi Arabia raised 86 billion ($2.09 billion)in February via a domestic sukuk issuance, a sharp increase from January’s SR2.26 billion, reflecting a growing focus on Shariah-compliant funding. The…
Prime Highlights: PwC is boosting its presence in Saudi Arabia, providing consulting and auditing services while supporting Vision 2030. The company resumed consulting for the Public Investment Fund, reinforcing its…
Prime Highlights: Egypt’s non-oil exports posted strong growth in 2025, reflecting improved global demand and stronger trade performance. The country’s trade deficit continued to narrow, supporting economic stability and long-term…