The International Islamic Trade Finance Corporation (ITFC), a member of the Islamic Development Bank Group, has revealed that it provided $9.35 billion in trade finance approvals in 2025.
The Dubai Gold and Commodities Exchange (DGCX) will launch its Gold Spot T+0 Contract on Monday June 22, introducing the first same-day physically settled spot gold product on a regulated exchange in the GCC and positioning Dubai among a limited number of international markets offering such functionality.
Al Ansari Financial Services (AAFS), a leading financial institution in the GCC, has reached a milestone of 1,000 UAE national employees across its businesses, reflecting one of the largest Emiratisation workforces in the UAE’s private sector.
Knowledge Economic City (KEC) has announced that it has secured a SAR150 million ($40 million) shariah-compliant financing facility from Saudi-based Riyad Bank to fund the construction work on the first two clusters within Phase I of its Islamic World District project.
Dubai International Financial Centre (DIFC) is looking at amending its data protection regulations that will help streamline itsegulatory framework by enhancing requirements to embed safety in systems processing personal data in an AI‑native jurisdiction.
The UAE has maintained its position as the world's fifth most competitive economy while ranking first globally in Economic Performance in the 2026 IMD World Competitiveness Ranking, reinforcing its status as one of the world's most resilient and future-ready economies.
The UAE Ministry of Finance has launched its Strategic Plan 2027–2029, a new government framework designed to enhance the efficiency of public financial management and advance its policies and tools in line with the UAE’s ambitions for the next phase of development.
Citi has appointed Rajeev Garg as the new Head of Wealth for Citibank N.A., UAE, effective June 18, 2026.
HSBC has launched HSBC TradeCash in the UAE, becoming the first market for HSBC in the region where the solution is available.
Emirates NBD Bank and RBL Bank Limited today announced the successful completion of Emirates NBD’s acquisition of a majority stake in RBL Bank through a primary infusion of approximately $2.75 billion (~INR 260 billion).
