Finance & Capital Market

Finance & Capital Market

Dubai Holding contributes 13.5% to GDP; manages AED500bn assets

Fri, 31 Jul 2026

Dubai Holding has contributed 13.5% to Dubai's GDP in 2025 alone, while enabling economic activity estimated at 30% of the city's total GDP through its broader ecosystem of businesses, destinations and districts, the company's first Impact Report said.

Finance & Capital Market

Burgan Bank posts $444.78m H1 revenue; net profit $$35.45

Thu, 30 Jul 2026

Burgan Bank reported total revenues of KD138 million ($444.78 million) for the six-month period ended June 30, 2026 (H1’26), representing a 9% year-on-year increase, reflecting broad-based growth across its core revenue streams, supported by higher net interest income and stronger contributions from non-interest income activities.

Finance & Capital Market

Mashreq Bank reports pre-tax profit of $1.31bn for H1

Thu, 30 Jul 2026

Mashreq Bank has announced record profit before tax of AED4.8 billion ($1.31 billion) for the first half of 2026, up 18% year-on-year, on operating income of AED6.8 billion ($1.85 billion).

Finance & Capital Market

Gold demand flat as price momentum cools in Q2

Thu, 30 Jul 2026

Total gold demand during Q2 2026 was flat year-on-year at 1,269 tonnes, as the gold price eased from the record highs seen at the start of 2026, the World Gold Council’s Gold Demand Trends report revealed.

Finance & Capital Market

Investcorp Invests in Berger Financial Group

Thu, 30 Jul 2026

Investcorp, a leading global alternative investment firm, today announced that it has invested in Berger Financial Group, a leading full-service wealth management platform providing comprehensive financial advisory services to individual investors and retirement savers across the United States.

Finance & Capital Market

Saudi PIF anchors first close of $2bn Mideast-focused Brookfield fund

Thu, 30 Jul 2026

Saudi Arabia's sovereign wealth fund PIF has anchored the first close of Brookfield Middle East Partners, a new private equity fund focused on Saudi Arabia and the wider Middle East, helping raise about $2 billion alongside other institutional investors.

Finance & Capital Market

Binance Bahrain expands financial super app offering with bStocks launch

Thu, 30 Jul 2026

Binance, the global blockchain ecosystem behind the world’s largest cryptocurrency exchange by trading volume and registered users, has launched bStocks for eligible users in Binance Bahrain, marking another milestone in the company’s vision of becoming a comprehensive financial super app.

Finance & Capital Market

stc pay Bahrain partners with PayPal to launch cross-border fund transfers

Thu, 30 Jul 2026

stc pay Bahrain, Bahrain's most innovative and accessible mobile wallet for digital financial transactions, has partnered with PayPal, a global leader in digital payments, to launch seamless cross-border fund transfers, enabling customers to link their PayPal accounts directly to the stc pay app and move funds between both platforms.

Finance & Capital Market

Bahrain keeps overnight deposit interest rate unchanged at 4.25pc

Wed, 29 Jul 2026

The Central Bank of Bahrain (CBB) has announced its decision to maintain the overnight deposit interest rate unchanged at 4.25%. This decision was taken following the US Federal Reserve’s announcement today to keep the Interest Rate on Reserve Balances (IORB) unchanged.

Finance & Capital Market

Dubai Investments acquires Clemenceau Medical Center Dubai

Wed, 29 Jul 2026

Dubai Investments has announced that it has fully acquired Clemenceau Medical Center Dubai, a leading tertiary care hospital in UAE, after boosting the group's ownership from 20% to 100%. The transaction was structured through one of its key units - Dubai Investments Industries.