Bahrain's Information & eGovernment Authority (iGA) has announced the complete migration of all services available on the Islamiyat app to the unified 'MyGov' app as part of the government mobile applications merger plan. MyGov now offers 111 features and services provided by 15 government entities.
Aggregate net profits reported by companies listed on GCC exchanges rose 15.5% year-on-year in the first quarter to a record quarterly high of $67.9 billion, up from $58.8 billion, said a report. This growth was mainly due to stronger earnings from energy companies, particularly Saudi Aramco.
Kuwaiti investors’ total purchases of shares in Kuwait Stock Exchange amounted to KD6.466 billion (around $19.8 billion), said a report. These accounted for 82.6% of the total value of shares purchased.
The UAE's $1.4 trillion investment programme in the United States is progressing ahead of schedule, with officials highlighting advances in AI infrastructure, energy projects and manufacturing investments during talks in Washington this week.
Abu Dhabi Securities Exchange (ADX)-listed companies reported AED48 billion ($13.1 billion) in profits in Q1 2026, up 17% year-on-year, while AED66.2 billion in dividends have been announced to date this year, reinforcing the market’s depth, resilience, and shareholder value, said a senior official.
The Dubai Department of Economy and Tourism (DET) has launched SME in a Box, a new platform designed to make it faster, simpler, and more cost-efficient for entrepreneurs to start and operate businesses in Dubai.
First Abu Dhabi Bank (FAB) has sealed a strategic partnership with Water.org, a global non-profit organisation dedicated to expanding access to water and sanitation, and its affiliated impact investment manager, WaterEquity in bid to advance water and sanitation access through market-based financial solutions.
EFG Hermes, an EFG Holding company and a leading investment bank in the Mena region, has announced the successful closing of an E£5.1 billion corporate bond issuance for EFG Corp-Solutions. The transaction marks the largest corporate bond issuance ever completed in Egypt’s debt capital market.
The Dubai Financial Services Authority (DFSA), the independent banking, financial services, and markets regulator of Dubai International Financial Centre (DIFC), has appointed Armin Peter as its new Managing Director, Markets effective August 3. Peter will also become a member of the DFSA Executive Committee.
The Bahrain Institute of Banking and Finance (BIBF) has achieved a significant milestone, with all of its Bachelor’s and Master’s programmes reviewed by the Bahrain Education & Training Quality Authority (BQA) receiving a “Confidence” rating, the highest judgement awarded by the Authority for academic programme.
