AD Ports Group has signed an agreement with Azerbaijan to explore strategic collaboration across ports, shipping and logistics in the energy-rich country. This comes as the UAE-Azerbaijan Comprehensive Economic Partnership Agreement (CEPA) officially entered into force this month.
Bahrain Bourse (BHB) and its fully-owned subsidiary, Bahrain Clear (BHC) have announced the promotion of several team members in recognition of their strong performance, dedication, and ongoing contributions to the organization.
Dubai Islamic Bank (DIB) has recorded solid results for the first quarter of 2026 with its net profit soarng to AED1.799 billion ($490 million), while its operating revenues for the three-month period surged by 13% to hit AED3.55 billion ($966 million).
Qatar has introduced a package of measures aimed at supporting market stability and boosting investor confidence amid evolving regional conditions. Delivered through the nation’s foreign direct investment ecosystem, it will provide immediate financial and operational relief to the international business community.
OKX, a global fintech company, has launched a joint framework with BlackRock and Standard Chartered to integrate BlackRock’s BUIDL tokenised short-term treasury fund into collateral workflows, thus marking the first time a globally systemically important bank (G-SIB) has acted as custodian in such an arrangement.
The GCC projects market experienced a slowdown in the first quarter due to the Middle East conflict with the total value of contracts plunging 9.7% to $61.2 billion, according to a report. This contraction was driven largely by a substantial downturn in contract awards within Saudi Arabia and UAE.
Qatar has activated a comprehensive package of support measures to the country’s international business community designed to maintain market stability and reinforce investor confidence amid evolving regional conditions.
Qatari banks had strong capital and liquidity buffers, as well as provision coverage, before the Iran conflict, and asset-quality metrics were sound. But the country's banking sector operating environment could weaken under adverse scenarios for the Iran conflict, warned a top Fitch official.
The first and second phases of Saudi Arabia's Vision 2030 have delivered a qualitative leap in the Kingdom’s development, achieving a comprehensive transformation across economic and social sectors, said His Royal Highness Prince Mohammed bin Salman bin Abdulaziz Al Saud, Crown Prince, Prime Minister, and Chairman of the Council of Economic and Development Affairs.
Al Rajhi Capital, a leading financial services provider in Saudi Arabia, has collaborated with top ratings agency S&P Global to launch the "Al Rajhi Capital Saudi Construction Index", a new high-frequency indicator designed to track changes in business conditions across the kingdom’s construction sector.
