Business

CBD has launched their digital wealth offering – CBD Invest, embedded within the CBD Mobile App that brings together investing, financial planning, and advanced analytics in a single, secure experience. Designed for affluent, Elite and Private banking customers, CBD Invest enables individuals to gain a clear view of their financial position, make more informed investment decisions, and stay aligned with …

Rayhan Aleem, Co-Founder and CEO of Tax Star: There is a particular kind of business mistake that never looks urgent until it suddenly is. UAE e-invoicing is shaping up to be one of them. For companies earning more than AED 50 million a year, the rules are no longer theoretical. A service provider must be appointed by 30 October 2026, …

Tax Star, a UAE-based tax and compliance software company, has been named a pre-approved e-invoicing service provider by the UAE Ministry of Finance. The approval places Tax Star, among 42 companies nationwide cleared to help businesses meet the UAE’s new e-invoicing rules. This pre-approved status means the Ministry of Finance has reviewed Tax Star’s application and confirmed it meets the …

“Artificial intelligence is no longer just another technology—it has become the defining force behind digital transformation across the Middle East,” says Uday Shankar Kizhepat of WSO2. “Organizations are moving beyond AI experimentation to embedding it into core business operations, while governments across the region are positioning AI as a strategic national priority. However, realizing AI’s full potential requires more than …

Atlys, the travel technology company enabling travellers to apply for visas across 120+ destinations, has opened its first experience centre at BurJuman Mall, Dubai. The walk-in space offers expert, in-person visa guidance and marks Atlys’ first physical presence worldwide. The UAE is Atlys’ largest market outside India. International markets, including the US, the UK and Australia, now account for nearly …

GULF TIME Dr. Farah Hashim, Manager – Operations, Vault22 :Eid is one of the most joyful times of the year, a season of generosity, togetherness, and gratitude. With its special celebratory atmosphere, expenses related to gifts, gatherings, travel, Eidi for children, and other details associated with the occasion often increase. It is important to approach this period with financial awareness …

MANAMA / GULF TIME Investcorp, a leading global alternative investment firm, announced that it has sold its investment in RESA Power (“RESA” or ‘The Company”), a leading provider of power systems electrical testing, transformer services, and life extension solutions for power distribution equipment, to Kohlberg. This transaction marks the first exit for Investcorp’s North American Private Equity Fund I. RESA …

SHARJAH / WAM Bank of Sharjah has acted as a Joint Lead Manager in the successful issuance of a $750 million, 10.5-year US dollar-denominated 144A/Reg S Sukuk for the Government of Sharjah, alongside other international and regional banks. The issuance received strong interest from investors, with a peak order book of $2.6 billion, underscoring the global confidence in the Government …

ABU DHABI/WAM Aggregate net profits reported by companies listed on GCC exchanges witnessed a healthy year on year (YoY) growth of 5.7 percent during Q2-2024 led by a broad-based growth across most markets in the region. Kamco Investment Company, a regional non-banking financial powerhouse headquartered in Kuwait, in its latest report, stated that the quarter on quarter (QoQ) growth came in at …

ABU DHABI/WAM e& enterprise, the digital transformation arm of e&, today announced the successful completion of its US$60 million acquisition of GlassHouse, a leading Türkiye-based provider of managed cloud, business continuity and SAP Infrastructure services. The acquisition, originally announced in June this year, strengthens e& enterprise’s capabilities in private cloud and managed services, bolstering its overall value proposition with the …