Author: Mahdeehassan

Muscat, Oman – Oman’s leading exploration and production company, OQ Exploration and Production SAOG (“OQEP” or “the Company”) (SYMBOL: OQEP.OM) today announced its audited financial results for the fiscal first half ended 30 June 2025. Financial Highlights Revenue of OMR 428.1 million (USD 1.1 billion).  EBITDA of OMR 317.4 million (USD 825.6 million). Adjusted Cashflow from Operations increased 20% to OMR 289.2 million (USD 752.1 million). Return on Capital Employed for H1 2025 24.4%; 25.8% for Q2 2025, up 16.4% v Q1 2025’s 22.1%. Strong cash balance increased by 31% to OMR 210.2 million (USD 546.6 million) v H1 2024 cash…

Riyadh, Saudi Arabia / Manama, Bahrain – center3, a leading digital infrastructure provider in the Middle East, has announced a strategic partnership with stc Bahrain to develop a new terrestrial interconnection. This route will link 2Africa Pearls cable landing station and data center in Bahrain with all center3 cable landing stations in Saudi Arabia and its data center footprint. The partnership enables seamless terrestrial connectivity from Bahrain to key center3 landing stations on the Red Sea, including Jeddah, Yanbu, Duba, and Haql. Additionally, the route connects directly to center3’s carrier-neutral data centers in Riyadh, Jeddah, and Dammam, providing customers with a…

Prime Developments, in partnership with Osoul for Tourism Development, has announced the launch of its new project “CLAN.” Prime Developments is one of the leading real estate companies in the Egyptian market, particularly in the Red Sea region, where it began operations in 2008 with a distinctive and unique vision in the real estate development sector. The company has focused especially on residential-tourism and hotel-style residential projects. Over the years, Prime Developments has established itself as one of the largest real estate developers on Egypt’s eastern coast, catering to a wide range of clients from various nationalities seeking to own…

Muscat, Oman – In a significant step towards strengthening Oman’s image as a hub of innovation and digital transformation, the Arabian Research Bureau (ARB)—organizer of the prestigious COMEX (Oman’s global technology and innovation expo)—has signed a Memorandum of Understanding (MoU) with the Unified Promotional Identity Office of the Sultanate of Oman, located within the “Nazdhar” (National Programme for Private Sector Development & Foreign Trade). The MoU was signed today by Mr. Amr Abdullah Baabood, CEO of ARB, and His Excellency Dr. Fares bin Turki Al Said, Acting Director of the Unified Promotional Identity Office. This partnership aims to seamlessly integrate Oman’s…

Ajman, UAE – Expleo, the global engineering, technology and consulting services provider, announces a strategic partnership with Ajman Bank, a leading Islamic financial institution in the UAE, to establish a testing centre of excellence (TCoE). The initiative is a strategic move to strengthen the bank’s promising position in the region’s evolving financial landscape. The TCoE is positioned as a centralised hub supporting Ajman Bank in building robust, enterprise-wide financial applications and enhancing operational efficiency while maintaining agility, compliance with Shariah principles, and ensuring an unmatched customer experience. Expleo’s tailored solution for Ajman Bank Expleo will deliver a comprehensive, phased solution built on its…

SBC Summit 2025’s Global Markets Stage will conclude with a focused look at the North American sports betting and iGaming market, one of the industry’s most commercially significant and complex regions. Taking place on Thursday, 18 September at the Feira Internacional de Lisboa (FIL), the Global Markets: North America track will round off three days of market-focused content covering Latin America & Brazil, Western Europe and North America. With a combined value of $23.44 billion, the US and Canadian markets are shaped by fierce competition, patchwork regulation, and steep entry costs. Yet, for those able to stand out and innovate, the long-term upside is significant. …

Middle East. Bain & Company has released a brief, The Future of Financial Planning Is Autonomous, which explores how generative AI and intelligent agents are transforming the way companies plan, forecast, and allocate capital. According to the brief, traditional budgeting cycles are too slow and rigid for today’s volatile markets. AI-native agents embedded in enterprise resource planning (ERP) systems are enabling companies to update forecasts continuously, adjust budgets automatically, and deliver real-time strategic insights to leadership teams. These systems mark the beginning of a new era of intelligent, autonomous finance. More than 25% of finance teams now use some form…

Emirates Leisure Retail (ELR), a subsidiary of the Emirates Group offering 5-star hospitality and F&B solutions, has signed a franchise agreement with Saddle Group to open the first branch of Saddle Café in the Arrivals area of Terminal 3 at DXB, before the end of the year. This step comes within the framework of the parties’ commitment to delivering exceptional hospitality experiences that reflect Dubai’s global spirit and enhance the presence of Emirati brands in the country’s most strategic locations. Emirates Leisure Retail (ELR), a subsidiary of the renowned Emirates Group, manages a diverse portfolio of restaurants, cafes, and bars…

Riyadh, KSA – The Saudi Real Estate Refinance Company (SRC), a PIF company, has signed a new agreement with Arab National Bank to acquire a real estate finance portfolio in the presence of His Excellency Majid bin Abdullah Al-Hogail, Minister of Municipalities and Housing and Chairman of the Board of the Saudi Real Estate Refinance Company, and Eng. Salah Rashid Al-Rashed,Chairman of the Board of Arab National Bank. This agreement marks an extension of the strategic partnership between the two parties and reaffirms their shared commitment to supporting the growth and sustainability of the real estate finance market in the Kingdom.…

SBC has announced the debut shortlist for the inaugural Affiliate Leaders Awards – a new ceremony spotlighting the companies shaping affiliate marketing’s next chapter. This time, it’s the public who holds the power, with open voting deciding which nominees will be celebrated on stage in Lisbon this September. The ceremony will welcome 600 industry leaders to Lisbon’s MEO Arena, located just steps away from the main event venue, Feira Internacional de Lisboa, on Wednesday, 17 September. The evening will celebrate the standout companies shortlisted across 22 fiercely contested categories, and ultimately, honour the winners. While the shortlist was selected by an independent panel…