DIB, a leading Islamic financial group and the largest Islamic bank in the UAE, has launched its first Youth Council, creating a structured platform for young employees to bring forward fresh perspectives and ideas, contribute to relevant initiatives and take an active role in their own development and participation within the organisation.
Bahrain-based Bank ABC has reported a net profit of $111 million for the first half of 2026, a 27% decline compared to $152 million a year earlier, primarily driven by a higher provision charge amid a challenging macroeconomic and geopolitical environment. Its operating profit remained broadly stable, supported by 5% growth in core business revenue.
SAB Invest has announced the launch of a new open-ended, shariah-compliant public fund designed to provide investors with access to a concentrated portfolio of exceptional global companies expected to benefit from long-term structural growth trends backing Vision 2030's goals.
Skyro, a digital-first consumer finance platform based in Bahrain, is expanding into Saudi Arabia and has appointed former Mastercard executive Maria Medvedeva as the regional managing director. In this role, she will oversee Skyro's market entry in Saudi Arabia and its broader expansion across the region.
Bitget, the world's largest Universal Exchange, has launched Project Archimedes, a $300 million institutional capital programme aimed at supporting quantitative trading firms and asset managers across the Middle East and North Africa. It aims to support 50+ promising projects in the next six months.
Benefit, a leading fintech and electronic financial transactions service company in Bahrain and key innovator, has signed a service agreement with Aman, the kingdom's premier compliance platform, to boost its compliance and financial crime prevention capabilities.
Bank ABC Islamic reported a total operating income after profit on murabaha and other payables and before attribution to quasi-equity of $92.5 million for the first half of 2026, up 3.2% from the same period last year.
Fintech Forward, the region’s flagship financial services forum, will convene global thought leaders, leading financial innovators, and policymakers, to examine the most pressing ecosystem challenges that lie ahead in October.
Money20/20 Middle East, the region's home for the global money ecosystem, will return to Riyadh from September 14–16, bringing together regulators, financial institutions, fintech innovators, investors and technology leaders.
Bahrain-based investment bank SICO has reported a 48% jump in its second-quarter net profit attributable to shareholders, helped by higher net investment income and a recovery in market valuations. Its assets under management (AUM) soared to BD3.3 billion ($8.9 billion) in Q2.
