The UAE banking and financial sector is resilient, strong, stable, and well-positioned to navigate regional developments, said Khaled Mohamed Balama, Governor of the Central Bank of the United Arab Emirates.
GCC banking systems face few immediate credit risks from the regional conflict that has followed attacks on Iran by Israel and the US, says Fitch since the GCC sovereign ratings generally have sufficient headroom to withstand a short regional conflict that does not escalate significantly further.
The annual general meeting of Abu Dhabi Islamic Bank (ADIB), a leading financial institution, has approved a total payout of AED3.524 billion ($959.56 million), which is equivalent to 50% of the bank's 2025 net profit.
Abu Dhabi Commercial Bank (ADCB) today confirmed that its retail mobile banking application has been successfully restored.
Investors must prepare now for higher interest rates due to the escalating Iran conflict, warns the CEO of one of the world’s largest independent financial advisory organisations.
The UAE Capital Market Authority (CMA) has announced that trading and settlement activities on the Abu Dhabi Securities Exchange (ADX) and Dubai Financial Market (DFM) will resume from March 4. Nasdaq Dubai, the international financial exchange based in DIFC, too will launch its operations.
The gravity of the situation in the Middle East has moved from high to severe and consequently, the potential for events to weaken credit quality across sectors has increased, says an S&P Global Ratings report.
The Dubai Financial Services Authority (DFSA), the independent banking, financial services and markets regulator of Dubai International Financial Centre (DIFC), has announced the temporary closure of Nasdaq Dubai, effective March 2 to 3, 2026.
The UAE capital markets, Abu Dhabi Securities Exchange (ADX) and Dubai Financial Market (DFM)) will remain closed on Monday and Tuesday (March 2 and 3), the UAE Capital Market Authority has announced.
Saudi Arabia's bank credit growth slowed to 0.7% month-on-month in January, below the 1.2% average expansion typically seen in the month over the past four years, said a report. Retail lending surged by 5.1% year-on-year, outpacing corporate lending, which increased 14.9% from a year earlier.
