Abu Dhabi Islamic Bank (ADIB), a leading Islamic financial institution, has mobilised and facilitated AED20.3 billion ($5.53 billion) in sustainable finance by the end of 2025, marking a strong year of execution and reinforcing its commitment to deploy AED60 billion in sustainable finance by 2030.
Paramount Skydance is in talks to secure equity commitments of almost $24 billion from three sovereign wealth funds led by Saudi Arabia to back its takeover of Warner Bros Discovery, the Wall Street Journal has reported.
Bank Nizwa, a key Islamic bank in Oman, has announced the appointment of Tariq Atiq as its Acting CEO. This leadership transition reflects the bank's forward-looking strategy and underscores its confidence in a seamless succession that upholds institutional stability and ensures continuity.
In a historic first, the UAE has become one of the world’s top 10 exporting countries, reported state news Agency Wam, citing the latest figures from World Trade Organisation (WTO). The country’s goods and services trade has increased from $949 billion in 2021 to $1.637 trillion last year.
The National Bank of Bahrain (NBB) has announced the first grand prize draw of its Thara’a 2026 campaign, offering one winner a luxury seafront villa and 100 winners $10,000 each.
Ebdaa Bahrain Microfinance, a part of the Arab Gulf Program for Development (AGFUND) , has appointed Prof Badr El Din Ibrahim as the Acting CEO, thus marking a new phase in the company’s ongoing efforts to strengthen its leadership and advance its strategic direction.
Boursa Kuwait, the country's stock exchange, said it has won approval from the Capital Markets Authority (CMA) for its proposed rule amendments, alongside the issuance of a resolution establishing a comprehensive regulatory and legislative framework for bonds and sukuk.
Bain & Company, a global consultancy, has announced the appointment of Eric Beranger-Fenouillet as the managing partner for its Middle East business. Based in UAE, he will lead the firm across the region, with a focus on helping clients deliver complex transformation agendas.
UAE banks’ viability ratings could face risks from asset-quality deterioration, lower business volumes and higher impairments under the adverse scenario, where the impact of the Iran conflict is significantly more severe, with real estate lending seen as the most likely source of stress, according to Fitch Ratings.
The UAE is well equipped to withstand the current regional crisis and has overcome far more severe shocks in the past, prominent Emirati businessman Khalaf Ahmad Al Habtoor said on Thursday, reacting to warnings by American economist Jeffrey Sachs.
