The Saudi Arabia economy is showing resilience despite a sharp hit to oil production from regional conflict, with a surge in crude prices helping offset the impact, according to a report by Al Rajhi Capital.
Bahrain headquartered-Al Salam Bank has announced the sale of its 20.94% stake in Gulf African Bank, the largest Islamic Bank in Kenya.
ADCB, a leading UAE banking group, has delivered record profit before tax of AED3.781 billion ($1.03 billion) in Q1’26, up 30% year on year, extending profit growth track record to 19 consecutive quarters.
Emirates Islamic, one of the leading Islamic financial institutions in the UAE, has reported an operating profit of AED1.1 billion ($299.52 million) for the quarter ending March 31, 2026, 7% growth over the same period last year.
Emirates NBD, in line with the resilient operating environment in the UAE, reported a profit before tax of AED8.2 billion ($2.23 billion) for the first quarter of 2026, up 6% yoy, driven by strong balance sheet growth, resilient margins and record non-funded income growth.
First Abu Dhabi Bank (FAB), one of the world’s largest financial institutions, said its operating income increased by 6% yoy to AED9.34 billion ($2.54 billion) for the first quarter of 2026, while operating profit rose by 5% yoy to AED7.22 billion ($1.97 billion).
Saudi Arabia will join the JPMorgan Emerging Market Bond Index (GBI-EM) in 2027, with sovereign bonds expected to reach a 2.52% weighting.
Dubai-listed Amlak Finance has announced that it has secured the investors' approval at the company's Annual General Meeting (AGM) for distribution of cash dividends worth AED735 million ($200 million) to its shareholders for FY 2025. This comes following a sharp rise in its annual profit for the 12-month period.
The Global Payment Services has officially joined the Bahrain Association of Banks (BAB), in a step that underscores the increasing need for closer collaboration between payment services providers and the banking sector, as the financial industry continues to evolve at pace.
National Bank of Bahrain (NBB) has signed a memorandum of understanding (MoU) with the Bahrain Development of Small and Medium Enterprises Society (BDSMEs) to strengthen support for the Kingdom’s SME ecosystem.
