Bank ABC (Arab Banking Corporation) has announced a record total operating income of $1.41 billion, a 5% headline growth YoY, and 7% on an underlying constant currency basis.
Lesha Capital, the Saudi-based subsidiary of leading Qatari shari’a-compliant investment bank Lesha, said it has obtained the licence from the kingdom's Capital Market Authority to fully operate as a regulated investment firm, in a major milestone in its regional expansion strategy.
Cigna Healthcare, a global health service company, has launched a key initiative across Middle East and Africa in a bid to close the health literacy gap. Through this, it aims to improve overall understanding of health insurance by making information clearer and more accessible.
The 2026 sovereign credit outlook for the Middle East region is stable thanks to the continued economic and credit resilience despite elevated geopolitical tensions and lower oil prices, said a S&P report, adding that the average regional growth is set to accelerate slightly to about 3.5%.
Union Bancaire Privée (UBP), one of the world’s largest family-owned private banks headquartered in Geneva, Switzerland, has appointed Fahd Iqbal as Head of Investment Services, Dubai.
Riyadh Air, the world’s newest airline from Saudi Arabia, has joined hands with Mastercard to unveil a bold strategic alliance that will see the duo develop a portfolio of innovative consumer products including Riyadh Air-branded credit and prepaid cards built for the next generation of travellers.
Saudi banks’ exposure to Vision 2030 giga projects remains modest but is likely to rise as some projects become operational, Fitch Ratings says.
Nasdaq Dubai welcomed the listing of a $500 million sukuk issued by The Arab Energy Fund, a leading multilateral impact financial institution, marking its third issuance on the exchange.
Ras Al Khaimah Economic Zone (RAKEZ) undertook a strategic roadshow across India, engaging with entrepreneurs, manufacturers, and industry leaders across three key cities.
The 2026 sovereign credit outlook for the Middle East region is stable, said S&P Global Ratings, reflecting its expectation of continued economic and credit resilience despite persistent and elevated geopolitical tensions and lower oil prices.
