Citi has announced senior leadership appointments across its Banking & International franchise, effective August, with roles based between London and Dubai.
Visa, a world leader in digital payments, has appointed Emirates NBD, a leading banking group in the Middle East, North Africa and Türkiye (MENAT) region, as its official National Net Settlement Service (NNSS) Agent in the UAE.
The Central Bank of Bahrain (CBB) has announced its decision to maintain the overnight deposit interest rate unchanged at 4.25% follaoing a review conducted by the CBB to maintain monetary and financial stability in the kingdom.
Tecom Group, the creator of specialised business districts and vibrant communities, has delivered solid results for Q1, recording a net profit of AED755 million ($201 million), up 11% over last year driven by strong demand across its specialised business districts as well as commercial and industrial portfolios.
AD Ports Group has signed an agreement with Azerbaijan to explore strategic collaboration across ports, shipping and logistics in the energy-rich country. This comes as the UAE-Azerbaijan Comprehensive Economic Partnership Agreement (CEPA) officially entered into force this month.
Bahrain Bourse (BHB) and its fully-owned subsidiary, Bahrain Clear (BHC) have announced the promotion of several team members in recognition of their strong performance, dedication, and ongoing contributions to the organization.
Dubai Islamic Bank (DIB) has recorded solid results for the first quarter of 2026 with its net profit soarng to AED1.799 billion ($490 million), while its operating revenues for the three-month period surged by 13% to hit AED3.55 billion ($966 million).
Qatar has introduced a package of measures aimed at supporting market stability and boosting investor confidence amid evolving regional conditions. Delivered through the nation’s foreign direct investment ecosystem, it will provide immediate financial and operational relief to the international business community.
OKX, a global fintech company, has launched a joint framework with BlackRock and Standard Chartered to integrate BlackRock’s BUIDL tokenised short-term treasury fund into collateral workflows, thus marking the first time a globally systemically important bank (G-SIB) has acted as custodian in such an arrangement.
The GCC projects market experienced a slowdown in the first quarter due to the Middle East conflict with the total value of contracts plunging 9.7% to $61.2 billion, according to a report. This contraction was driven largely by a substantial downturn in contract awards within Saudi Arabia and UAE.
