First Abu Dhabi Bank (FAB), the UAE’s global bank and one of the world’s largest and safest financial institutions, today announced a record group net profit of AED21.11 billion ($5.75 billion), up 24% year-on-year (yoy).
The US dollar hovered near four-year lows on Wednesday as investor confidence in the greenback weakened further after President Donald Trump dismissed concerns over its recent decline, fuelling fresh selling across currency markets ahead of a closely watched Federal Reserve policy decision.
DIFC Zabeel District, a landmark expansion of Dubai International Financial Centre (DIFC), was launched on Tuesday by His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of UAE and Ruler of Dubai.
Bahrain Bourse (BHB), a licenced exchange by the Central Bank of Bahrain, has announced that it has joined the Bahrain Association of Banks (BAB), reinforcing collaboration with the financial markets and supporting the continued development of Bahrain’s capital markets through structured dialogue and stakeholder engagement.
Emirates NBD, a leading UAE bank, has reported a record profit before tax of AED29.8 billion ($8.1 billion) for 2025, up 10% from a year earlier, driven by strong lending growth and higher fee income. Its total income rose 12% to hit AED49.3 billion ($13.4 billion).
Saudi banks’ credit profiles remain solid, with financial metrics displaying lower sensitivity to economic downturns than most GCC peers, underpinned by still-high government spending, ongoing economic diversification, said Fitch Ratings in a new report.
Abu Dhabi-based Mubadala Investment Company has announced that it has sold its minority stake in Arcadia, a leading consumer health and wellness platform headquartered in US, in conjunction with the recently announced acquisition of Arcadia by funds managed by New York-based Bansk Group.
The Bahrain Association of Banks (BAB) has announced that it has become a member of the Islamic Banking Committee, recently established by the Union of Arab Banks, marking another step toward deeper institutional collaboration across the Islamic banking sector.
The Kingdom of Saudi Arabia stands to benefit from the ongoing shifts in global supply chains - from fair trade to a managed and rule-driven trade model - as it can play a vital role as a connector economy linking Africa with Europe and Asia, said its economy minister.
Saudi Arabia will host the World Economic Forum (WEF) Global Collaboration and Growth Meeting: Building Common Ground and Reviving Growth in Jeddah on April 22 and 23, it was announced on the closing day of the 56th Annual Meeting of the Forum in Davos, Switzerland.
