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Author Archives: enterpriseam admin
Posted inECONOMY
Dubai inflation hits five-month low as monthly deflation returns
Housing continued to push prices higher, while transport saw a dip
Posted inM&A WATCH
Gulf Capital continues exit spree, offloads Kuiper stake
The transaction is expected to conclude within the next two months
Posted inINFASTRUCTURE
UAE data center infrastructure gets a boost courtesy of Khazna
The new centers in Mafraq and Masdar City will support both AI and cloud workloads
Posted inBanking
UAE banks are the most resilient among GCC peers in the face of impacts from tariffs, S&P Global says
The UAE’s banks have “the strongest net external asset position” among GCC countries
Posted inLOGISTICS
GCC countries looks to scrap new IMO levy before it takes effect in October
A Saudi-led statement to the IMO warned that the new levy could “endanger exports from developing countries”
Posted inEARNINGS WATCH
Rak-ing it in — 22.7% bottom line uptick for Rakbank
The bank’s total operating income rose 10.7% to AED 1.3 bn y-o-y
Posted inMOVES
IFS appoints new MEA head to drive regional growth + UAE gets new special envoy for business and philanthropy
Plus: Wall Street Exchange gets new leadership