UAE-based Grovy Developers has broken ground on Ramada Residences by Wyndham at Dubai Islands, its boutique branded homes featuring a collection of one- to three-bed apartments along with four-bedroom penthouses. The project is being developed in partnership with USquare Luxe Properties.
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.
Bahrain-based investment bank SICO has reported a 48% jump in its second-quarter net profit attributable to shareholders, helped by higher net investment income and a recovery in market valuations. Its assets under management (AUM) soared to BD3.3 billion ($8.9 billion) in Q2.
The UAE banks' gross assets improved by 1.1% from AED5,570.1 billion ($1516.71 billion) at the end of April 2026 to AED5,633.1 billion at the end of May 2026, said a UAE Central Bank report.
BlueFive Capital, a global investment platform with $15 billion in assets under management, has appointed Marwan Elaraby as its new President for Mena region. An industry veteran, he brings three decades of experience in the Middle East market as a lawyer, investment banker and private equity investor.
US President Donald Trump said on Thursday it would hit Iran again tonight and threatened to seize the country’s oil infrastructure including its main export terminal Kharg Island “in the not too distant future, triggerring a strong response from Iran which threatened to attack Elon Musk’s companies in the Middle East.
The dominant theme in markets remains a growing belief that some form of peace deal between US and Iran will eventually materialise. Investors have steadily priced a "peace premium" into assets, helping suppress volatility and underpin a rally that has pushed Wall Street to record highs, said an expert.
Sarwa, one of the GCC’s leading investment and personal finance platforms, has announced that it has crossed $1 billion in client assets, becoming the first UAE-founded FinTech platform to reach this milestone. Founded in the DIFC, Sarwa was an early mover shaping the region’s FinTech sector.
Jordan-based Arab Bank Group has reported solid results for the first quarter of 2026, with 2% increase in net income after tax reaching $275.8 million when compared to $271 million for the same period last year. Compared to the same period last year, the Group’s assets grew by 9% to reach $79 billion.
Stake, a leading digital real estate investment platform in the region, has forged a strategic partnership with Ace & Company, a Swiss-headquartered global investment group focused on private markets, to develop secondary transfer facility for fractional real estate investments in UAE.
