The United Arab Emirates and Japan have agreed on the final provisions of a Comprehensive Economic Partnership Agreement (CEPA), the first of its kind for Japan with an Arab country.
The OPEC Fund for International Development (The OPEC Fund) committed a record $3.2 billion to development operations in 2025, the highest annual volume in the institution’s history, and a 39 percent increase year-on-year.
Investcorp, a global alternative investment firm headquartered in Bahrain, has announced that its GP staking arm, Investcorp Strategic Capital Group (ISCG), has closed on commitments of over $1.25 billion, thus taking the ISCG's total assets under management (AUM) to over $2.4 billion.
The UAE banking and financial sector is resilient, strong, stable, and well-positioned to navigate regional developments, said Khaled Mohamed Balama, Governor of the Central Bank of the United Arab Emirates.
GCC banking systems face few immediate credit risks from the regional conflict that has followed attacks on Iran by Israel and the US, says Fitch since the GCC sovereign ratings generally have sufficient headroom to withstand a short regional conflict that does not escalate significantly further.
The annual general meeting of Abu Dhabi Islamic Bank (ADIB), a leading financial institution, has approved a total payout of AED3.524 billion ($959.56 million), which is equivalent to 50% of the bank's 2025 net profit.
Abu Dhabi Commercial Bank (ADCB) today confirmed that its retail mobile banking application has been successfully restored.
Investors must prepare now for higher interest rates due to the escalating Iran conflict, warns the CEO of one of the world’s largest independent financial advisory organisations.
The UAE Capital Market Authority (CMA) has announced that trading and settlement activities on the Abu Dhabi Securities Exchange (ADX) and Dubai Financial Market (DFM) will resume from March 4. Nasdaq Dubai, the international financial exchange based in DIFC, too will launch its operations.
The gravity of the situation in the Middle East has moved from high to severe and consequently, the potential for events to weaken credit quality across sectors has increased, says an S&P Global Ratings report.
