The UAE's Defaulted Debts Settlement Fund, in cooperation with several UAE banks, has waived more than AED834 million ($227.09 million) in interest accrued on loans owed by 2,339 low-income retirees across the country.
Bahrain Mumtalakat Holding Company (Mumtalakat), the sovereign wealth fund of the Kingdom of Bahrain, has announced another record year reflecting the strong performance of its portfolio companies and the successful implementation of the group’s strategy.
The gross domestic product (GDP) of the GCC states reached approximately $2.4 trillion in 2025, positioning the council's economies among the world's influential economic powers, according to data issued by the Gulf Statistical Centre (GCC-Stat).
Abu Dhabi Islamic Bank (ADIB), a leading Islamic financial institution, and DAMAC Properties, a leading private real estate developer in the Middle East, have launched a landmark home financing plan designed to provide ease and stability for homebuyers.
The risk in digital payments is becoming more sophisticated as artificial intelligence gives fraudsters the ability to automate attacks, mimic legitimate behaviour and scale scams faster than traditional controls can respond, writes Sandeep Crasta.
The credit rating agency Moody’s has reaffirmed Saudi Arabia’s credit rating at “Aa3” with a “stable” outlook.
First Abu Dhabi Bank (FAB), the UAE’s global bank and one of the world’s largest and safest financial institutions, facilitated AED381 billion ($103.74 billion) in sustainable and transition finance between 2022 and 2025, said a report.
ENBD REIT, the Shariah compliant real estate investment trust managed by Emirates NBD Asset Management Limited, has announced said its Net Asset Value (NAV) stood at $254.7 million, equivalent to $1.02 per share for the financial year ended 31st March 2026, representing a 16.5% increase year-on-year from $218.6 million.
IHC, a global investment company focused on building dynamic value networks, on Thursday announced the execution of an AED110 million (approximately $30 million) transaction using DDSC on ADI Chain, the institutional Layer-2 blockchain developed by ADI Foundation.
Dubai has approved a second package of economic incentives valued at AED1.5 billion ($408.44 billion). The package spans a range of sectors, including government fees and services, tourism, trade and logistics, real estate, construction, education, and arts and cultural activities.
