The conflict in the Middle East is expected to slow global growth to the lowest rate since the onset of the COVID-19 pandemic amid higher energy prices, steeper inflation, and increased borrowing costs , according to the World Bank Group’s latest Global Economic Prospects report.
The heightened volatility in commodity prices, profit rates, and exchange rates following the onset of the Iran war has reinforced the importance of Islamic derivatives for risk management, Fitch Ratings says. However, adoption is fragmented, and varies by sector and country.
The Board of Trustees of the Future Investment Initiative (FII) Institute has appointed Princess Dr Maha bint Mishari bin Abdulaziz Al Saud as Chief Executive Officer of FII Institute.
Dubai Islamic Bank (DIB) said it has successfully priced a $1 billion Additional Tier 1 Perpetual Non-Call 6-Year Sukuk at a profit rate of 6.25%, thus reflecting strong investor confidence in its credit fundamentals, resilient profitability and prudent capital management framework.
Boursa Kuwait is stepping up efforts to develop the country's fixed-income market, hosting a webinar on bonds and sukuk in partnership with the CFA Institute after the Capital Markets Authority introduced rules governing their listing and trading on the exchange.
Saudi Arabia's economy is expected to accelerate sharply in 2027 after a subdued performance this year, with Riyad Capital forecasting real GDP growth of 6.8% next year compared with 0.9% in 2026, driven by a recovery in oil production and continued expansion of non-oil sectors.
Gallagher, the global insurance brokerage, risk management and consulting firm, has strengthened its commitment to Saudi Arabia through the purchase of a majority share of ACE Re Gallagher Arabia Reinsurance Brokers.
The GCC Financial Markets Committee has announced the launch of the GCC Unified Investor Number (GCC-NIN) initiative, a major regional framework designed to boost connectivity and interoperability across Gulf capital markets, a Gulf Daily News report said.
Oman is seeking to strengthen its position as a destination for international investment, supported by an investment-grade credit rating, economic reforms and regulatory frameworks aligned with international standards. A key element of that strategy is the International Financial Centre of Oman (IFC Oman).
Blue Owl Capital, an American alternative investment asset management company, has announced the opening of its new office at ADGM in Abu Dhabi. With this move, Blue Owl aims to strengthen its global footprint, underscoring its long-term commitment to the Middle East and focus on best supporting clients in the region.
