The Central Bank of Bahrain (CBB) affirmed that the kingdom’s banking and financial sector continues to operate at the highest levels of readiness amid the current regional developments and the repercussions of the Iranian aggression taking place in the region.
Oman's Ministry of Finance and the Saudi Fund for Development (SFD) have signed a memorandum of understanding (MoU) to finance the construction of the Thumrait Industrial City project.
Dubai Chambers has signed memorandums of understanding (MoUs) with four specialised FinTech companies as part of its efforts in providing the business community with access to advanced and alternative banking services.
Kuwait cabinet has appointed a new finance and a new foreign minister in a limited cabinet reshuffle, reported the state news agency Kuna. Dr Yaqoub Al Sayed Yousef Al Refaei takes over the finance portfolio, while Jarrah Jaber Al Ahmad Al Sabah is the new foreign minister.
ADQ, an Abu Dhabi-based active sovereign investor focused on critical infrastructure and global supply chains, has announced the successful closing of its debut five-year syndicated term financing deal in the Greater China region worth $5 billion.
Abu Dhabi National Oil Company has signed a $2 billion green financing deal backed by Korea Trade Insurance Corporation (K-Sure) to fund lower carbon projects across its operations. This marks its first green financing facility backed by a Korean agency.
Adipec 2025 emphasised the urgent need for global financiers and policymakers to accelerate energy investment. With $3.3 trillion projected for 2025, the event aimed to foster strategic partnerships and financial innovation in response to rising energy demand.
French energy giant Engie has announced the financial close for Barka 3 and Sohar 2 - two key combined cycle gas turbine (CCGT) power plants located in Oman. The refinancing follows 15-year extensions of both plants’ power purchase agreements (PPAs) earlier this year, which secure their operations until 2043.
Dubai International Financial Centre (DIFC), the leading global financial centre in the Middle East, Africa and South Asia (MEASA) region, is now home to over 600 wealth and asset management companies - triple the number of other centres in the market, it was revealed on Wednesday.
Mashreq has partnered with Expo City Dubai to provide off-plan home financing options for eligible customers purchasing residences across selected projects.
