Kuwait International Bank (KIB) has announced the signing of a strategic co-operation agreement with ACICO Group, a leader in the construction and industrial sectors, to provide affordable financing solutions for citizens to build their residential plot.
IHC, a key investment company based in Abu Dhabi with interests in asset management, real estate, construction and finance sectors, has reported a 29% rise in its revenue for FY 2025 and a 35% jump in profit, supported by strong performance across its diversified portfolio.
IHC, the global investment company focused on building dynamic value networks, on Friday announced the plan to launch Judan Financial Holding, a new international financial services holding company that will serve as the dedicated platform for IHC’s rapidly expanding financial services portfolio.
The UAE’s economy continues to achieve strong and accelerated growth and is expected to grow by more than 5% this year, with non-oil sectors projected to expand by over 5.5%, accounting for 78% of gross domestic product, said report citing a senior minister.
Investcorp Capital (ICAP), an Abu Dhabi Securities Exchange (ADX)-listed alternative investment company founded by the Investcorp Holdings group, reported a total operating income of $52 million, an increase of 16% year-on-year, for the first half (H1) of its fiscal year 2026, covering the six months ending 31 December 2025.
The UAE has taken a decisive step into regulated digital currency infrastructure after the Central Bank of the UAE (CBUAE) approved the launch of the dirham-backed stablecoin, DDSC, paving the way for institutional-grade blockchain-based payments in the country.
GFH Group, a leading regional financial group with interests in asset management and real estate sectors, has reported a 18.2% growth in its net profit for FY 2025 which rose to $140 million, supported by higher income from its wealth and investment management, credit and treasury businesses.
HyperPay, a leading payment gateway provider in the Middle East, said it has successfully obtained National Payment Gateway (NPG) certification from the Saudi Central Bank underscoring its commitment to regulatory excellence and secure payment processing throughout the Kingdom.
Kuwait Financial Centre (Markaz) has reported a 41% rise in annual profit, supported by higher revenues and growth in assets under management (AUM). The total revenue for 2025 rose to KD29 million ($94.3 million) from KD20.31 million ($66 million) a year earlier.
The National Bank of Bahrain (NBB) has named Hani Ali Ebrahim as the winner of a luxury seafront villa at Al Naseem in Diyar Al Muharraq, following the January draw of Thara’a Prize Account, one of the kingdom’s premier savings programmes.
