Barclays, a leading diversified bank, has announced the opening of its new office in Riyadh’s King Abdullah Financial District (KAFD), thus marking an important milestone in the build-out of its Saudi Arabia franchise.
The Saudi Export-Import Bank (Saudi EXIM) provided SR43.22 billion ($11.49 billion) in credit facilities through the end of September 2026, an increase of 27.12% compared with 2025.
Qatar Financial Centre (QFC), a leading onshore financial and business centre, has announced that Shorooq Doha Advisory Services, an UAE-based investment company, has opened its new office within its premises. Shorooq had early this year launched a $200 million growth fund that targets late-stage and pre-IPO technology companies across the GCC.
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The Saudi Fund for Development (SFD) has signed six concessional development loan agreements worth more than $403 million with the Syrian government to help support infrastructure rehabilitation, restore essential public services and improve living conditions as the country works towards recovery.
IHC, a global investment company focused on building dynamic value networks, has reported a revenue of AED100.5 billion for the nine-month period ending September 30, 2026, representing an increase of 33.2% year-on-year.
Savola Group, an integrated food platform in the food and retail sectors across the Mena region, has seen its nine-month net profit attributable to shareholders reach SR530 million ($141.3 million), with recurring net profit, adjusted for non-recurring items, increase 26% to SR500 million.
Bahrain's Gateway Gulf 2026 unveiled $22.3 billion in strategic announcements, partnerships, and deals during its fourth edition this week.
Emirates Central Cooling Systems Corporation (Empower) has posted nine-month (9M) revenue of AED2.71 billion ($740 million) and net profit after tax of AED762 million, year-on-year growth of 4.6% and 10.6%, respectively.
Saudi sovereign wealth fund PIF has announced that it has raised $3 billion-equivalent in dual-tranche credit facilities guaranteed by SACE, Italy’s export credit agency. The transaction will further expand trade and create new cooperation opportunities within PIF’s ecosystem to procure goods and services from Italian suppliers.
