Sharjah Islamic Bank (SIB) today announced the successful completion of its AED2.59 billion ($705.24 million) rights issue, which saw an oversubscription of 3.2 times.
Dubai Holding and the Investment Corporation of Dubai (ICD) have announced that Dubai Holding has acquired a 22.27 per cent equity stake in Emaar Properties from ICD, increasing its total shareholding to 29.73 per cent and making it the company’s largest shareholder.
Bank credit extended to the public and private sectors in Saudi Arabia continued its upward trajectory, reaching a record high of around SAR3.335 trillion ($888.9 billion) by the end of February.
Economy Middle East has announced the return of its flagship Economy Middle East Summit 2026, held in partnership with ADGM, marking the third edition of this prominent forum for economic dialogue.
Al Ramz Corporation, a leading financial services institution, has launched its new asset management unit, Aram Capital Partners, being regulated by Abu Dhabi Global Market (ADGM), to drive sector growth and cement the UAE’s position as a regional financial hub.
The GCC economies posted robust growth in the third quarter of 2025, driven by the non-oil sector as the region’s sustained push to diversify income sources gained further momentum.
Riyad Capital, one of Saudi Arabia’s largest asset managers, has signed an agreement to establish a $400 million real estate fund in partnership with Princess Munira bint Abdullah bin Faisal Al Saud and Naif AlRajhi Investment Company to develop Riyadh's Dar Al Salam project.
GFH Bank (GFH) has announced its participation as an anchor investor in the combined initial public offering (IPO) of Pershing Square and Pershing Square USA, a landmark dual listing on the New York Stock Exchange led by renowned investor Bill Ackman.
Kuwait Financial Centre (Markaz) has announced a number of new leadership appointments approved by its Board of Directors during the board meeting held on May 7.
HSBC has been appointed as an International Primary Dealer by the Saudi Ministry of Finance and National Debt Management Center (NDMC), enabling the global bank to act as an intermediary between foreign investors and Saudi Arabia’s local government debt instruments.
