The third board meeting of the UAE International Investment Council (UAEIIC) highlighted two products developed by the UAEIIC to support its members operating internationally.
National Bank of Oman (NBO), in collaboration with Sharakah, has completed the first workshop of its SME Growth Program in Muscat, bringing together entrepreneurs and small and medium-sized enterprise (SME) owners as part of its ongoing commitment to supporting Oman’s economic development.
Abu Dhabi Islamic Bank (ADIB), a leading Islamic financial institution, has appointed Pedro Uria-Recio as Chief AI Officer, strengthening the bank’s leadership and capabilities as it advances its Vision 2035 strategy.
DIB, a leading Islamic bank in UAE, has launched a new off-plan home finance proposition designed to support customers purchasing freehold properties from leading developers across the UAE during the under-construction phase.
Abu Dhabi Islamic Bank (ADIB) has appointed Pedro Uria Recio as the new Chief AI Officer, thus strengthening its leadership as it advances its Vision 2035 strategy. An industry veteran, Pedro boasts over 20 years of experience across technology, data, and AI.
Fintech Galaxy has announced that it has received In-Principle Approval (IPA) from the Central Bank of the United Arab Emirates (CBUAE) to operate as an Open Finance provider in the UAE.
US President Donald Trump has threatened to impose sweeping economic punishment on any country that provides a “lifeline” to Iran, escalating pressure on Tehran as the confrontation over the strategically vital Strait of Hormuz enters a critical phase and diplomatic efforts to end the nearly six-month-old war appear increasingly uncertain.
The National Debt Management Center (NDMC) has announced the closure of the August issuance under the Saudi Arabian Government SAR-denominated Sukuk Program. The sukuk issuance was divided into five tranches with total amount allocated set at SAR9.518 billion ($2.5 billion).
Saudi Arabia’s real gross domestic product contracted 4.8% year-on-year in the second quarter of 2026, said a report, as a 24.7% decline in oil activity outweighed growth in non-oil activities and government output. Non-oil activity grew 0.6% in the quarter, while government activity rose 0.9%.
Oraseya Capital, the investment arm of Dubai Integrated Economic Zones Authority (DIEZ), has signed a memorandum of understanding (MoU) with NQubator, an innovation platform for early-stage tech venture creation, to establish a strategic framework supporting the identification, development, and investment readiness of early-stage technology startups in the UAE.
