The Dubai Financial Services Authority (DFSA), the independent banking, financial services and markets regulator of Dubai International Financial Centre (DIFC), has announced the temporary closure of Nasdaq Dubai, effective March 2 to 3, 2026.
The UAE capital markets, Abu Dhabi Securities Exchange (ADX) and Dubai Financial Market (DFM)) will remain closed on Monday and Tuesday (March 2 and 3), the UAE Capital Market Authority has announced.
Saudi Arabia's bank credit growth slowed to 0.7% month-on-month in January, below the 1.2% average expansion typically seen in the month over the past four years, said a report. Retail lending surged by 5.1% year-on-year, outpacing corporate lending, which increased 14.9% from a year earlier.
Kamco Invest, a regional non-banking financial powerhouse, has announced solid results for FY 2025 with a total revenue of KD34 million ($111 million), up 25.5% over the previous year's figures of KD25.4 million ($82.7 million), while its net profit grew two-fold to hit KD9.2 million ($30 million) over 2024.
A $2 trillion sovereign wealth fund, managed by Norway's Norges Bank Investment Management, has begun using AI to police its own portfolio, deploying a large language model to scan over 7,000 companies for links to forced labour, corruption and fraud, thus reshaping how ESG risk is detected and acted upon, said a report.
Global telecom major Ericsson and Mastercard have announced a collaboration to reshape how money moves across the world. It is aimed at empowering telecom service providers, banks, and fintechs to expand digital wallet capabilities and reach unbanked or underbanked communities.
Investcorp, a leading global alternative investment firm, has announced that one of its portfolio companies has partnered with Florence Nightingale Hospital Group in Turkey to set up the region's first dedicated CAR-T stem cell therapy centre for treatment of severe leukemia, including pediatric cases.
Dubai Aerospace Enterprise (DAE) has signed an agreement to acquire 100% of Macquarie AirFinance for an enterprise value of $7 billion. The combined company will have a pro forma fleet of 1,029 owned, managed and committed aircraft and will serve 191 airline customers in 79 countries.
Emirates NBD, a leading banking group in the Middle East, North Africa and Türkiye (MENAT) region, has successfully structured and completed a green facility for Arabian Gulf Steel Industries (AGSI).
Emirates NBD, a leading banking group in the region, said it has successfully structured and completed a green facility for Arabian Gulf Steel Industries (AGSI), a leading private sector recycler in the UAE. AGSI will use the facility to boost its low-carbon steel production capacity.
