Saudi-listed companies’ profits surge to highest level since 2022
Companies listed on Saudi Arabia’s Tadawul All Share Index, or TASI, regained strong earnings momentum during the first quarter of…
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Have UAE banks cut jobs due to regional conflict? Official clarifies
No UAE bank has cut jobs due to the ongoing regional conflict in the region, although third parties may have…
GCC sukuk issuance rises 13.1% as Saudi Arabia leads despite conflict concerns
Sukuk issuance across Gulf Cooperation Council countries rose 13.1 percent in the first four months of 2026, driven by strong…
Abu Dhabi's Phoenix Group partners with DC Max
18MW AI-ready facility developed in partnership with DC Max, a French data center developer with a 1GW pipeline Partnership provides…
From historic highs, a conflict-driven pause to AED 9bln in April mortgages: Dubai's property market in 2026
Primary market and off-plan demand held firm through the conflict period, with off-plan primary growing 20% year on year in…
GCC sukuk issuance rises 13.1% as Saudi Arabia leads despite conflict concerns
Sukuk issuance across Gulf Cooperation Council countries rose 13.1 percent in the first four months of 2026, driven by strong…
Kuwait banks push to cut ‘Link’ transfer limits amid rise of Wamd payments
A banking debate has emerged in Kuwait over the future of instant financial payment links, amid growing calls within the…
Standard Chartered appoints Michelle Swanepoel as Head of Financing and Securities Services Middle East and Africa
Standard Chartered has announced the appointment of Michelle Swanepoel as Head of Financing and Securities Services (FSS), Middle East and…
Stc Bahrain partners with MENA Industrial Bank to support its operations in Bahrain
stc Bahrain has announced a strategic partnership with the newly established MENA Industrial Bank B.S.C (closed) (“MIB”) to deliver a…
Qatar Central Bank’s international reserves grow 1.90 percent to $71.9 billion as gold holdings surge to $16.82 billion
The international reserves and foreign currency liquidity of the Qatar Central Bank witnessed a growth of 1.90 percent on a…
Saudi finance licenses climb to 74 as payment providers hit 32
Saudi Arabia’s licensed finance companies have risen to 74 after the central bank approved a new buy-now-pay-later firm, while the…
Oman’s digital payment transactions jump 76% to RO3.2bn in 2025
Oman recorded strong growth in the use of digital payment methods during 2025, reflecting a qualitative shift in consumer behaviour,…