The year-on-year inflation in Organisation for Economic Co-operation and Development (OECD) countries declined to 4.2% in June, down from 4.6% in May, following three consecutive monthly increases, said a report. The headline inflation fell in 20 OECD countries, rose in 6, and was stable in 12. I
Dubai International Financial Centre (DIFC) has announced updates to the Prescribed Company (PC) Regulations, which are designed to broaden the use of PCs, DIFC’s equivalent of Special Purpose Vehicles or SPVs.
Sohar International Bank has announced the successful completion of its OMR149.3 million ($388.3 million) rights issue.
Emirates NBD Egypt, a 100% owned subsidiary of Emirates NBD Bank, has entered into definitive agreements to acquire the retail banking business of HSBC Bank Egypt, an indirect subsidiary of HSBC Holdings.
Abu Dhabi-based Investcorp Capital has reported a sharp decline in its annual profit for the fiscal year ended June 30, 2026 which fell to $44 million from $81 million last year as higher financing costs and timing of private market exits weighed on earnings.
Jordan-based Arab Bank Group has reported a 7% increase in its net profit for the first half of 2026 which rose to $571 million from $535.3 million a year earlier, as the growth in fee and commission income helped offset a challenging regional and global operating environment.
Saudi Arabia and Kuwait are strengthening economic and logistical integration through a digital customs data exchange system and expanded co-operation on railway development, aimed at improving cross-border trade and transport links.
2PointZero Group, a leading Abu Dhabi-based investment holding firm, reported a revenue of AED 21.9 billion ($5.96 billion) for the first half of 2026, delivering a group net profit of AED7.7 billion ($2.1 billion).
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Gross written insurance premiums in Saudi Arabia increased by 10.7% in 2025 to reach SAR84.3 billion ($22.59 billion), compared with 2024, a report said.
