Finance & Capital Market

Finance & Capital Market

GCC economies forecast to grow 8.1% in 2027

Wed, 17 Jun 2026

The GDP of GCC states is forecast to grow by 8.1% in 2027 as energy trade routes normalise, travel demand returns, and business confidence rebuilds, says a report.

Finance & Capital Market

Digital native, AI driven challenger banks redefining banking models says DIFC report

Wed, 17 Jun 2026

Resilience, rather than size or legacy, will define long-term success for banks navigating disruption and digital native challenger banks, says a new report by Dubai International Financial Centre (DIFC), the leading global financial centre in the Middle East.

Finance & Capital Market

Bahrain powers into Mena’s Top 5 startup ecosystems

Wed, 17 Jun 2026

Bahrain has achieved solid rankings across several key indicators in the Global Startup Ecosystem Report 2026, with its startup ecosystem generating $1.6 billion in value, thanks to its agile startup ecosystem, which enables entrepreneurs to develop and test their ideas within a supportive environment.

Finance & Capital Market

$300bn private fund for Iran, over half already pledged says report

Wed, 17 Jun 2026

The proposed $300 billion fund being discussed as part of the US-Iran interim peace agreement is intended to serve as a private investment vehicle to help drive economic development and reconstruction in Iran, according to a Reuters report.

Finance & Capital Market

UAE VAT and excise tax collection jumps 15% in 2025 to $12.53bn

Tue, 16 Jun 2026

The UAE Ministry of Finance (MoF) announced that the total revenues collected from Value Added Tax (VAT) and Excise Tax and distributed to the federal and local governments exceeded AED46 billion ($12.53 billion) in 2025, up from approximately AED41 billion in 2024, reflecting a year-on-year increase of 15%.

Finance & Capital Market

Mubadala takes $200m stake in Greenlink JV

Tue, 16 Jun 2026

Mubadala Investment Company, an Abu Dhabi sovereign investor, has acquired $200 million worth of Equitix’s stake in Greenlink, a joint venture between Equitix and Baltic Cable which operates a 504 MW subsea electricity interconnector linking Great Britain with Ireland.

Finance & Capital Market

Riyadh's KAFD DMC secures $3.2bn finance facility

Mon, 15 Jun 2026

King Abdullah Financial District Development and Management Company (KAFD DMC), the developer and operator of Riyadh’s premier business and lifestyle destination, has secured a SAR12 billion ($3.2 billion), 15-year, senior-secured Murabaha facility, its first independently secured debt facility.

Finance & Capital Market

Singapore Gulf Bank signs up as member of Bahrain Association of Banks

Sun, 14 Jun 2026

The Bahrain Association of Banks (BAB) has announced that Singapore Gulf Bank (SGB) has signed up as a member, reinforcing collaboration across the kingdom’s financial sector and further strengthening its position as a growing financial hub connecting Asia and the Gulf.

Finance & Capital Market

Bahrain Bourse pitches liquidity, listings reforms to investors at London summit

Sun, 14 Jun 2026

Bahrain Bourse took part in the HSBC GCC Exchanges Conference 2026 held recently in London, joining regional exchanges, listed companies and international investors to explore the outlook for GCC capital markets, focusing on strengthening listings and boosting liquidity.

Finance & Capital Market

KSA can boost retirement savings, capital markets through pension reform: BlackRock

Sun, 14 Jun 2026

Saudi Arabia has an opportunity to strengthen long-term retirement savings as it advances economic reforms under Vision 2030, with expanded defined-contribution retirement schemes potentially improving retirement outcomes while unlocking domestic capital for long-term investment, said a report.