Finance & Capital Market

Finance & Capital Market

Bahrain Bourse approves Abu Dhabi Islamic Securities as external broker

Tue, 13 Oct 2026

Bahrain Bourse (BHB), a licensed exchange regulated by the Central Bank of Bahrain, has announced the approval of Abu Dhabi Islamic Securities (ADIB) Company as an external broker, reinforcing its ongoing efforts to enhance market accessibility and strengthen cross-border investment flows.

Finance & Capital Market

Travog partners with Mastercard to launch travel, expense card for SMEs

Tue, 13 Oct 2026

Travog has partnered with Mastercard to launch a travel and expense card designed to help small and medium enterprises (SMEs) manage business travel spending with greater control and visibility.

Finance & Capital Market

IMF raises 2026 global growth forecast to 3.1%

Tue, 13 Oct 2026

The International Monetary Fund (IMF) has raised its 2026 global growth forecast by 0.1 percentage points to 3.1%, citing the resilience of the global economy in the face of higher energy costs and other shocks.

Finance & Capital Market

Julius Baer announces new leadership for Middle East & Africa

Mon, 12 Oct 2026

Julius Baer, a leading Swiss wealth management group, has announced that it is realigning leadership of its Middle East & Africa market, with Jean Pierre Dib and Philipp Kleinschnittger assuming the roles as Co-Heads for Middle East & Africa.

Finance & Capital Market

UAE cabinet approves AED292.5bn federal budget for 2027-29

Mon, 12 Oct 2026

The UAE Cabinet, chaired by His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister of the UAE and Ruler of Dubai, has approved the federal general budget for the years 2027–2029, totalling AED292.5 billion, up 28.3% over the previous three years.

Finance & Capital Market

Mashreq pilots IBM Bob to advance Agentic AI

Mon, 12 Oct 2026

IBM has announced that Mashreq is piloting IBM Bob, IBM's enterprise AI-powered software engineering platform, to advance its integration engineering capabilities.

Finance & Capital Market

Benefit, Bede sign MoU to explore nano financing

Mon, 12 Oct 2026

Benefit, Bahrain’s leading fintech firm, has signed an MoU with Bede Bahrain, an innovative microfinance solutions app, to explore a Nano financing initiative within BenefitPay.

Finance & Capital Market

Oman gears up to launch new international financial centre

Mon, 12 Oct 2026

The International Financial Centre of Oman is moving closer to opening its doors as work accelerates on its legal framework, rulebook and registry system.

Finance & Capital Market

UAE’s net wealth to hit $6trn by 2030: BCG

Mon, 12 Oct 2026

The UAE’s net wealth is forecast to reach $6 trillion by 2030, with a CAGR of 10.6%, according to Boston Consulting Group’s (BCG) Global Wealth Report 2026: The Great Reordering.

Finance & Capital Market

Sobha Realty seals home finance deal with Rakbank

Mon, 12 Oct 2026

Sobha Realty, a leading luxury real estate developer, has signed an agreement with the National Bank of Ras Al Khaimah (Rakbank) to provide home financing solutions to eligible buyers of its ready and selected off-plan residential properties across Dubai and Abu Dhabi.