ADGM publishes 2026 update to Legal Persons and Arrangements risk assessment
Aligned with the UAE National Risk Assessment, the LPA risk assessment provides an ADGM-Specific view of ML/TF risks across various…
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Sharjah Islamic Bank rights issue draws Dh8.3 billion in demand
Sharjah Islamic Bank said its Dh2.59 billion rights issue attracted more than Dh8.3 billion in subscriptions, making the offering oversubscribed…
Al Baraka Islamic Bank achieves positive turnaround with net income of BD12thousand in Q1 2026
Al Baraka Islamic Bank has announced its financial results for the three-month period ended 31 March 2026, recording an improvement…
Ministry of Environment and Climate Change launches digital service for safe disposal of electronic waste
The Ministry of Environment and Climate Change announced the launch of a new digital service for the safe disposal of…
QFC-backed platform lets Islamic banks use AI without exposing data
RegTech firm has launched a platform that applies an institution’s data disclosure policy before information reaches any external AI or…
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…
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…
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…
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…
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…
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…
Saudi EXIM Signs Cooperation Agreement with Alinma Bank
The Saudi Export-Import Bank (Saudi EXIM) signed a cooperation agreement with Alinma Bank to issue bank guarantees that support local…