Category: Economy & Business
talabat Reports Q4 2025 Results with 21% GMV Growth and $421 Million Dividend
talabat reported Q4 2025 GMV growth of 21% to $2.5 billion with adjusted EBITDA of $156 million. The company announced $421 million in total dividends for 2025.
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MBRF Sponsors Makkah Halal Forum as Diamond Partner Supporting Saudi Food Security
MBRF joins Makkah Halal Forum 2026 as Diamond Sponsor, reinforcing 50-year commitment to Saudi food security through expanded HPDC partnership and local production capabilities.
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NTT DATA Acquires Zero&One to Expand Cloud Services in Middle East
NTT DATA acquires AWS Premier Tier Services Partner Zero&One to strengthen cloud capabilities in the Middle East. The deal positions the company to tap into Saudi Arabia’s rapidly growing cloud services market.
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Mashreq Becomes First UAE Bank to Offer Digital Cross-Border Accounts for Non-Resident Pakistanis
Mashreq launches groundbreaking digital cross-border banking service, enabling UAE-based Pakistanis to open accounts remotely with fee-free instant transfers through Quick Remit.
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HKEX Appoints New Chief Regional Representative for Middle East
HKEX appoints Jalal Almarhoon as Managing Director and Chief Regional Representative for Middle East, operating from new Riyadh office to strengthen regional capital market connectivity.
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Saudi Consumer Spending Outlook for 2026 Remains Among Strongest Globally, AlixPartners Study Reveals
Saudi consumers plan to increase spending in 2026 with a +4% net rise in intentions, contrasting sharply with global decline, according to AlixPartners study.
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Gulf Business Machines Strengthens Leadership Team With Two Senior Appointments
Gulf Business Machines announces two senior leadership appointments with Dr. Feras Al Jabi as General Manager of Technology and Bassam Rached as General Manager of GBM Abu Dhabi.
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ACCIONA Ranks Among World’s 100 Most Sustainable Companies in 2026 Global List
ACCIONA and subsidiary Nordex secure positions in 2026 Global 100 Most Sustainable Corporations list by Corporate Knights, announced at Davos World Economic Forum.
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World Defense Show 2026 Highlights Saudi Capabilities and National Talent Development
World Defense Show 2026 enters its fourth day in Riyadh, spotlighting national talent development and defense capabilities with 1,468 exhibitors from 89 countries.
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HyperPay Achieves SAMA National Payment Gateway Certification in Saudi Arabia
HyperPay obtains National Payment Gateway certification from SAMA, strengthening its position as a trusted payment infrastructure partner in Saudi Arabia’s digital economy.
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Saudi Real Estate Refinance Company Signs Deal with Saudi Awwal Bank to Boost Housing Market
Saudi Real Estate Refinance Company signs portfolio purchase agreement with Saudi Awwal Bank to enhance housing market liquidity and support Vision 2030 homeownership goals.
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stc group Showcases Localization Leadership at PIF Private Sector Forum 2026
stc group signed five strategic agreements at PIF Private Sector Forum 2026 to enhance Saudi capabilities across digital infrastructure, telecom manufacturing, and sustainability while celebrating Partner Development Program graduates.
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e& money Secures Finance Company License to Expand Financial Inclusion in UAE
e& money obtains Finance Company license from UAE Central Bank, expanding beyond payments into AI-driven lending services for over two million customers.
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MENA M&A Activity Surges 26% in 2025 with 884 Deals Worth $106.1 Billion
MENA region records 884 M&A deals worth $106.1 billion in 2025, marking 26% volume growth driven by cross-border transactions and sovereign wealth fund investments.
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Tourism Development Fund Signs MoU with Palladium Hotel Group to Boost Saudi Tourism
Tourism Development Fund signs strategic MoU with Palladium Hotel Group to explore hospitality development opportunities in Jeddah and Yanbu, advancing Saudi Vision 2030.
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Saudi Arabia Lead the GCC IPO Market with Record-Breaking Activity in 2024
The UAE and Saudi Arabia have set new benchmarks in the GCC IPO Market, with 2024 recording the highest-ever activity of 53 listings raising USD 12.9 billion across the region.
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Nintex Appoints Samir Akel as Regional Vice President for Emerging Markets
Nintex appoints Samir Akel as Regional Vice President for Emerging Markets, overseeing Middle East, Africa, and Eastern Europe operations to drive digital transformation.
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ELT Group and D-Orbit Sign Strategic Space Cooperation Framework for Saudi Vision 2030
ELT Group and D-Orbit sign strategic cooperation framework in Riyadh to advance Saudi Arabia’s space sector capabilities aligned with Vision 2030 objectives.
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DAN Signs Strategic Tourism and Agriculture MoUs at PIF Private Sector Forum 2026
DAN signs two strategic MoUs with DRB Arabia and Fresh On Table at PIF Private Sector Forum 2026, advancing agritourism and farm-to-table initiatives in Saudi Arabia.
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WAM Saudi 2026 to Transform Kingdom’s Industrial Future with Global Manufacturing Leaders
WAM Saudi 2026 brings global manufacturing leaders to Riyadh February 15-17, showcasing advanced technologies and investment opportunities in Saudi Arabia’s industrial transformation.
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