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.
Binghatti Holding, one of the UAE’s fastest-growing real estate developers, has successfully priced a long five-year $500 million benchmark sukuk under its $1.5 billion Trust Certificate Issuance Programme, in a transaction that was 4.4 times oversubscribed.
Safanad, a principal-led investment company with a major presence in US and Saudi Arabia, said it has completed the sale of HC-One, the largest care home provider in UK featuring nearly 300 homes, to a leading healthcare real estate investment trust (REIT) for over $1.6 billion.
