The UAE has said that all trade, commercial exchanges, and financial transactions with Iran have been halted until further notice in light of regional escalations that undermine regional and international peace and security.
SAB Invest, a key unit of Saudi Awwal Bank (SAB), has announced the launch of an open-ended, shariah-compliant public fund designed to provide investors with access to a portfolio of global companies set to benefit from long-term structural growth trends supporting Saudi Vision 2030 goals.
Saudi Arabia's Public Investment Fund (PIF) said in 2025 its revenue rose 9% year-on-year to $120 billion, while net profit more than doubled to $17 billion, supported by stronger contributions from maturing portfolio companies.
The UAE banking system’s total assets increased by 17.1 percent to AED5.3 trillion at the end of 2025, while the loan portfolio expanded by 17.8 percent, primarily driven by increased domestic lending, particularly across the retail and private corporate segments.
Emirates NBD, a leading banking group in the Middle East, North Africa, Türkiye and South Asia (MENATSA) region, has marked a significant milestone in its sustainable finance journey by pioneering the UAE’s first dedicated Transition Finance Framework to support corporate and institutional customers in their transformation to more sustainable business models.
Abu Dhabi sovereign investor L'IMAD Holding plans to offer AED6.25 per share to acquire the remaining stake in AD Ports Group through its key subsidiary Abu Dhabi Developmental Holding (ADQ), in a deal that could take its ownership of the company to 100%. L’IMAD, through ADQ currently owns 75.42% of AD Ports Group.
Saudi Arabia's Insurance Authority and General Directorate of Civil Defense have launched a third-party cooperative insurance policy covering crowded venues and high-risk activities, as the kingdom moves to strengthen protection for visitors and businesses.
Gulf Insurance Group (GIG) today announced a net profit of KD23.8 million ($76.7 million), or 78.06 fils per share ($0.252) for the first half of 2026, an increase of 89.2% or KD11.2 million ($36.2 million) compared to a net profit of KD12.6 million ($40.5 million) for the same period last year.
National Bank of Bahrain (NBB) has appointed a new Equal Opportunities Committee to boost its governance framework and promote inclusion across its operations and customer services. EOC will oversee initiatives including women's empowerment, employee wellbeing, work-life balance and workplace experience.
GFH Bank has reported a net profit attributable to shareholders of $76.20 million for the first six months of the year compared with $67.24 million in the same period of 2025, an increase of 13.33%.
