Oman’s Bank Muscat posts 9% rise in Q1 profit on lower impairment
Bank Muscat, Oman’s largest bank, reported Q1 net profit of OMR 64 million, 9% higher year-on-year (YoY) on the back…
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IMF cuts MENA growth forecast to 1.1% on Iran war
The International Monetary Fund sharply reduced its 2026 growth forecast for the Middle East and North Africa to 1.1 percent…
UAE and Philippines to develop digital currencies and link payment systems
The central banks of the UAE and the Philippines have signed an agreement that includes efforts to develop digital currencies…
Dollar GCC ESG sukuk issuance stalls over geopolitical tensions
Dollar-denominated ESG sukuk issuance plunged 75% YoY to around $1 billion in Q1 as geopolitical tensions weighed on investor sentiment,…
BAB inks deal with Kuwait Banking to boost financial collaboration
The Bahrain Association of Banks has announced the signing of a MoU with the Kuwait Banking Association at its headquarters…
QIC wins Digital Insurer of the Year and Best Insurance App in Qatar
Qatar Insurance has been named "Digital Insurer of the Year in Qatar" and "Best Insurance App in Qatar" at The…
Oman’s central bank raises OMR2.1mn through treasury bills
Oman’s central bank raised OMR2.1 million by way of allotting treasury bills on Monday. The value of the allotted…
Closing Bell: Saudi main index closes in green, up 1%
Saudi Arabia’s Tadawul All Share Index rose on Monday, gaining 112.13 points, or 0.99 percent, to close at 11,426.77. …
Al Baraka Islamic Bank elects new board, chairman
Al Baraka Islamic Bank, one of the leading Islamic banks in Bahrain, has announced the election of its new Board…
Sharjah Islamic Bank posts 19.4% profit growth in Q1
Sharjah Islamic Bank reported a strong financial and operational performance for the first quarter of 2026, posting a net profit…
BankDhofar named ‘Best Trade Finance Bank 2025’ at Global Banking & Finance Awards
BankDhofar has been named Best Trade Finance Bank 2025 at the Global Banking & Finance Awards, a recognition that reinforces…
ADX listed companies' profits grow 17% to $54.46bln in 2025
Listed companies in the Abu Dhabi Securities Exchange, one of the 20 largest stock exchanges by market capitalisation, extended their…