Dubai Islamic Bank raises $1bn from oversubscribed AT1 sukuk
Dubai Islamic Bank (DIB) has successfully raised $1 billion through the issuance of a perpetual additional Tier 1 (AT1) sukuk…
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Oman’s digital payment transactions surge 150%
Oman is witnessing a rapid shift towards a digital economy, driven by the growing adoption of electronic payment methods that…
Oman’s central bank raises OMR4.4mn through treasury bills
The average accepted price reached OMR99.054 for every OMR100, and the minimum accepted price arrived at OMR99.035 per OMR100. The…
Maples Group Strengthens Dubai Office with Strategic Hires and Promotions
The Maples Group’s Dubai office is pleased to announce a series of strategic hires and senior promotions in the first…
Four New Banks Prepare to Enter the Saudi Banking Sector
Data from the Saudi Central Bank (SAMA) reveals that several banks are preparing to commence operations in the Kingdom, reflecting…
WTW Receives DFSA Licence Approval to Operate Investment Business in Dubai International Financial Centre
WTW a global advisory, broking and solutions company, announced that it has received approval from the Dubai Financial Services Authority…
Saudi PIF unit KAFD DMC closes $3.2bln Islamic financing deal
King Abdullah Financial District Development and Management Company has closed a 12 billion riyal ($3.2 billion) Murabaha Islamic financing facility,…
Ithmaar Bank organises loyalty and allegiance signing ceremony for His Majesty the King
Ithmaar Bank B.S.C. (Closed), a Bahrain-based Islamic retail bank, organised a signing ceremony for the loyalty and allegiance document to…
Sohar International introduces a comprehensive banking ecosystem for pensioners
Reinforcing its commitment to delivering purpose-driven financial solutions across every stage of life, Sohar International recently announced the launch of…
Saudi Arabia faces pivotal moment to strengthen retirement systems and unlock long-term economic growth
Clear demand for retirement and workplace solutions that could significantly improve preparedness and convert saving intent into better outcomes Strong…
Knight Frank: Saudi Arabia residential transactions halve as affordability pressures and regional conflict dampen sentiment
Residential transaction values declined 57% to SAR 22 billion over the last 12 months Riyadh Grade A office rents increased…
Forbes Middle East names Omar Al Mannaei among Middle East's Most Influential CMOs 2026
His Excellency Omar Matar Al Mannaei, CEO and CMO of Emirates Auction, has been named among the “Middle East’s Most…