The wire

Dubai Financial Market (DFM), operator of the emirate’s stock exchange, said trading volume rose by nearly one-third in the first half of 2026 from a year earlier, driven by strong participation from international investors. The total number of trades rose 31 percent year on year to 2.23 million, while average daily trades increased 35 percent […]

enOperation and maintenance of platform and application systems

The Ministry of Human Resources and Social Development — Purchases Administration, IT activity, General Competition

enFramework Agreement for Supply and Activation of Licenses and Subscriptions

Entity: National Health Insurance Center · Activity: Information Technology · Competition type: Framework Agreement Tender · Reference number: 260739004896 · Deadline for proposals: 2026-09-03

enManaged Services Project to Support and Operate the Data Management Office on behalf of the Public Prosecution

Entity: Public Prosecution — Competitions Department · Activity: Information Technology · Competition type: Public Tender · Reference number: 260739010111 · Last date for bid submission: 2026-09-04

enData Integrity for Enterprise (سلامة البيانات المؤسسية)

Entity: Saudi Space Agency - Competition Section • Activity: Communications and Information Technology • Competition Type: Public Competition • Reference Number: 2000002542 • Last date to submit offers: 2026-08-17

Emirates NBD Egypt, the Egyptian subsidiary of Dubai’s largest bank by assets, has agreed to acquire the retail banking business of HSBC Bank Egypt, an indirect subsidiary of HSBC Holdings, as part of the Emirati lender’s global expansion plan. The deal is subject to regulatory approvals.

enEnhancing remote access security for agency staff

Organization: Saudi Space Agency (20251231SAUDI SPACE AGENCY1) – Competition Department · Activity: Communications and Information Technology · Competition Type: General Competition · Reference Number: 2000002532 · Bid Submission Deadline: 2026-08-18

enUnification of Digital Identity and Migration of Agency Systems

Agency: Saudi Space Agency (20251231SAUDI SPACE AGENCY) — Competition Department · Activity: Communications and Information Technology · Competition Type: Public Competition · Reference Number: 2000002534 · Last Submission Date: 2026-08-18

enEnhancing the Security of Internal Systems and Fault Handling

Entity: 20251231SAUDI SPACE AGENCY1 — Competitions Department · Activity: Communications and Information Technology · Type of Competition: Open Competition · Reference Number: 2000002541 · Deadline for Submissions: 2026-08-16

enRenewal of Subscription to the Muqeem Platform and Recharging Muqeem Platform Points

Entity: Saudi Electronic University — Contracts and Procurements Administration · Activity: Information Technology · Type of Competition: Direct Purchase · Reference Number: 260739009242 · Last Date to Submit Offers: 2026-08-06

Emirates NBD Egypt is set to acquire HSBC Egypt’s retail banking business, transferring the bank’s retail loans, deposits, accounts, and supporting employees to the UAE banking group. The transaction forms part of HSBC’s broader effort to simplify its operations and focus on its corporate and institutional banking businesses. The parties expect to complete the deal [...]

Madinah Angels closes investment into Kestrl, a UK-based fintech that helps Muslims and ethical consumers manage their money in accordance with their beliefs.

RiseUp, A15 and BitRoot have launched the first NVIDIA SIGNALS event in Egypt, introducing local AI founders to NVIDIA's global startup ecosystem through an inaugural session held at the Grand Egyptian Museum. Led by Basil Fateen, NVIDIA's Head of Startups and VC for the Middle East and Africa, the event explored emerging AI trends, the NVIDIA Inception programme, and investor expectations for AI startups, alongside discussions with founders from Intella, Valify Solutions, Paymob, and Bluworks. The initiative marks the beginning of a recurring programme in Egypt that will connect AI entrepreneurs with NVIDIA's technical expertise, GPU resources, strategic partnerships, investors, and the wider NVIDIA Inception network.

BY Venture Partners participated in an oversubscribed $2 million pre-seed round for Canadian AI startup ChatFeatured, alongside Storytime Capital and Garage Capital, to support the development of AI-powered search optimisation tools.

Syria-based healthtech startup DoctorBook has raised a $16,000 pre-Seed funding round to accelerate the digitisation of medical appointment bookings and healthcare services in Syria.

A senior Saudi official said the Kingdom's recent military strikes in Iraq were directed solely at Iran-backed terrorist militias responsible for attacks on Saudi territory and were not aimed at the Iraqi government or its people. The operation targeted militia military warehouses linked to drone attacks on Saudi oil facilities and critical infrastructure, and came after diplomatic avenues had been exhausted and after Saudi Arabia exercised restraint. The militias were said to be harming Iraq's interests and its relations with Arab and Islamic countries by using Iraqi territory and resources.

Dubai recorded 12.3 million sq ft of industrial and logistics demand in H1 2026 as businesses adapted supply chains despite regional disruption

ADNOC Drilling shareholders are set to cash in as the company reported record revenues and profits for the first-half of 2026.

Golden Visa property threshold has been raised to $544,000 (AED 2 million) with stricter off-plan payment conditions.

New US finance model raises questions for Gulf consumers