Emirates NBD Egypt, a 100% owned subsidiary of Emirates NBD Bank, has entered into definitive agreements to acquire the retail banking business of HSBC Bank Egypt, an indirect subsidiary of HSBC Holdings.
Abu Dhabi-based Investcorp Capital has reported a sharp decline in its annual profit for the fiscal year ended June 30, 2026 which fell to $44 million from $81 million last year as higher financing costs and timing of private market exits weighed on earnings.
Jordan-based Arab Bank Group has reported a 7% increase in its net profit for the first half of 2026 which rose to $571 million from $535.3 million a year earlier, as the growth in fee and commission income helped offset a challenging regional and global operating environment.
Saudi Arabia and Kuwait are strengthening economic and logistical integration through a digital customs data exchange system and expanded co-operation on railway development, aimed at improving cross-border trade and transport links.
2PointZero Group, a leading Abu Dhabi-based investment holding firm, reported a revenue of AED 21.9 billion ($5.96 billion) for the first half of 2026, delivering a group net profit of AED7.7 billion ($2.1 billion).
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Gross written insurance premiums in Saudi Arabia increased by 10.7% in 2025 to reach SAR84.3 billion ($22.59 billion), compared with 2024, a report said.
Dubai Holding has contributed 13.5% to Dubai's GDP in 2025 alone, while enabling economic activity estimated at 30% of the city's total GDP through its broader ecosystem of businesses, destinations and districts, the company's first Impact Report said.
Burgan Bank reported total revenues of KD138 million ($444.78 million) for the six-month period ended June 30, 2026 (H1’26), representing a 9% year-on-year increase, reflecting broad-based growth across its core revenue streams, supported by higher net interest income and stronger contributions from non-interest income activities.
Mashreq Bank has announced record profit before tax of AED4.8 billion ($1.31 billion) for the first half of 2026, up 18% year-on-year, on operating income of AED6.8 billion ($1.85 billion).
