The UAE’s private sector is getting ready to implement mandatory e-invoicing in phases from July 1, 2026, that is expected to reduce downtime, increase transparency, and improve the collection of Value-Added Tax (VAT) and Corporate Tax.
EFG Hermes, an EFG Holding company and the leading investment bank in MENA, has announced that it has been appointed sole global coordinator and sole bookrunner for the planned initial public offering of Misr Life Insurance on the Egyptian Exchange.
Gulf Cooperation Council (GCC) countries outperformed the global average in the 2026 Economic Freedom Index, reflecting stronger economic openness and an improved business environment, data from the GCC Statistical Centre (GCC-Stat) showed.
Jordan-based Arab Bank Group has reported solid results for the first quarter of 2026, with 2% increase in net income after tax reaching $275.8 million when compared to $271 million for the same period last year. Compared to the same period last year, the Group’s assets grew by 9% to reach $79 billion.
Takeem, an PropTech platform in the UAE, said it has launched the country's First Rental Guarantee service, a value-added offering for landlords, tenants and agents as regional markets navigate renewed uncertainty. The Takeem guarantee covers landlords against tenant non-payment and includes emergency maintenance for urgent property repairs.
Kuwait Credit Information Network Company (CINET) has launched its new corporate strategy for 2026–2028, marking a significant step toward reinforcing its position as an advanced credit bureau offering innovative solutions that support the rapidly evolving credit and financial landscape in the country.
Boursa Kuwait Securities Company has reported a net profit of KD5.99 million ($19.4 million) for the first quarter of 2026 with its total assets hitting KD145.24 million ($471 million), thus underscoring its resilience despite regional geopolitical tensions and economic uncertainty.
UK-based Rokos Capital Management (RCM) has opened a new office in Abu Dhabi after receiving the go-ahead from the Financial Services Regulatory Authority (FSRA). The RCM office is located in the Sky Tower within the jurisdiction of the Abu Dhabi Global Market (ADGM).
Dubai Financial Market (DFM) said its consolidated revenues for the first quarter reached approximately AED253.1 million ($68.91 million), compared with AED186.5 million during the same period in 2025.
Mashreq Bank, one of the leading financial institutions in the MENA region, has delivered a strong first-quarter performance, with operating income growing to AED3.4 billion ($925.8 million) and net profit before tax increasing to AED2.3 billion ($626.28 million).
