e& money on Wednesday announced the beginning of a bold new era in its journey to reshape digital finance in the UAE, following the approval of a Finance Company licence from the Central Bank of the UAE.
The MENA region recorded a robust 26% rise in merger and acquisition (M&A) activity with 884 deals, compared to 701 in 2024 with the total deal value reaching $106.1 billion, according to the EY MENA M&A Insights 2025 report.
Bank ABC Islamic closed the 2025 financial year with a net profit of $50.3 million, after deduction of taxation charge implemented in Bahrain effective January 2025. The net profit for the year before tax and zakah grew by 13% (2025: $59.5 million vs. 2024: $52.7 million).
Dubai Electricity and Water Authority (DEWA) has increased its shareholding in Emirates Central Cooling Systems Corporation (Empower) to 80% following the transfer of the entire shares of Emirates Power Investment (EPI) in Empower to DEWA.
Kuwait has forecast a fiscal deficit of KD9.8 billion ($31.9 billion) in its draft 2026-2027 budget, a sharp 54.7 percent rise over the current fiscal year's deficit.
DIB, the largest Islamic bank in the UAE, achieved another year of robust financial performance for the full year ended December 31, 2025 with the bank’s revenue growing to AED13.3 billion ($3.62 billion).
Dividend Gate Capital (DGC) and Bahrain Family Leisure Company (BFLC) have signed a definitive agreement for BFLC’s share-swap acquisition of Truffle Hospitality Holding, the food and beverage subsidiary of DGC.
Public Investment Fund (PIF), Saudi Arabia's $925 billion sovereign wealth fund, plans to announce a new five-year strategy this week, Reuters said quoting people with knowledge of the matter.
Abu Dhabi’s economy expanded by 7.7 percent in the third quarter of 2025 (July to September) compared to the same period in 2024, reaching its highest quarterly value on record at AED325.7 billion ($88.69 billion).
With continued policy evolution, deepening financial services ecosystems and expanding pools of investable capital, the Middle East’s private market AUM is forecast to double within the next five years, according to a new report.
