Banking & Finance

Qatar Central Bank’s foreign reserves rise 3.28 percent to $71.21 billion in July 202

Gold reserves at the Qatar Central Bank increased by about QAR13.471 billion to QAR44.153 billion

U.S. tariffs begin today, impacting European imports and over 60 countries

The new tariffs target goods from the EU, Japan, and South Korea at 15 percent

Fitch-rated sukuk surpass $210 billion in H1 2025, rising 16 percent

The Middle East still accounts for 69.9 percent of Fitch-rated sukuk, followed by Asia at 21.6 percent

UAE inks agreement to empower Emirati professionals with global standards in accounting and financial management

The partnership emphasizes the importance of investing in human capital for sustainable development

GCC banks: Loan growth to remain strong in 2025 as interest rates fall, says S&P

Loan growth is expected to remain strong for the remainder of the year in Qatar, Saudi Arabia and the UAE

AI surge fuels global dealmaking to $2.6 trillion in H1 2025, highest level since pandemic peak

AI activity is driving remarkable growth in corporate boardrooms, overcoming uncertainty from tariffs

UAE’s SCA is developing four legislations on carbon credits and retail Sukuk, says CEO

Another legislation in progress concerns the division of public joint stock companies, providing greater flexibility in corporate structuring

CBUAE: UAE financial system remains resilient amid global risks

Comprehensive stress tests conducted in 2024 confirmed that UAE banks remain well-positioned to withstand macroeconomic shocks

Bahrain’s Mumtalakat acquires stake in Abu Dhabi-based BlueFive Capital

Investment provides BlueFive with long-term institutional backing as it continues to scale internationally

Dubai records 24 new real estate projects valued at over $1.2 billion in H1 2025

726 projects are under construction, underscoring the emirate's commitment to meet rising housing needs

Strong bids drive UAE’s $1.46 billion Islamic Treasury sukuk auction success

Competitive pricing yields 3.88 percent for August 2028 and 3.95 percent for May 2030 tranches

Fourth ADFW returns in December to highlight AI’s critical role in re-architecting modern financial systems

ADFW 2025 promises unprecedented growth, setting benchmarks for international financial events and partnerships

UAE central bank highlights key achievements ahead of digital dirham launch

Digital Dirham aims to enhance payment efficiency and drive financial inclusion in the UAE.

Sukuk and debt instruments in Saudi Arabia surge 20 percent to $176.7 billion in 2024

The Capital Market Authority issued 25 new licenses, raising total market institutions to 186 by 2024

CBUAE maintains base rate at 4.40 percent in line with Fed decision

The Fed decided to maintain the target range for the federal funds rate at 4.25-4.5 percent in its latest meeting

Mashreq’s operating income hits $1.69 billion in H1 2025 on robust loan growth, strategic expansion

Balance sheet expanded by 16 percent in H1 2025, reflecting healthy underlying demand across priority markets

ADGM’s FSRA issues cyber risk management framework, compliance required from January 2026

Amendments require firms to integrate cyber risk management into their existing risk frameworks

Multiply Group posts 39 percent rise in revenue to $136.94 million in Q2 2025

The group reported AED214 million in net profit and an EBITDA excluding fair value changes of AED395 million

UAE startups secure $541 million in capital in H1 2025, up 18 percent

Startup funding in the Middle East and North Africa reached $2.1 billion, with 334 deals recorded across the region

Fitch affirms Saudi Arabia’s rating at A+ with stable outlook

Saudi Arabia's headline GDP growth is set to rise to 4.3 percent in 2025 and 4.7 percent in 2026 before slowing to 3.6 percent in 2027

ADGM’s FSRA reports 30 percent increase in licensed financial services firms, reaching 272 in 2024 

FSRA's future focus includes sustainable growth, technological agility, and robust market confidence

Saudi Arabia launches Taqatech Accelerator to drive energy innovation, economic growth

The Taqatech Accelerator aims to support startups focused on local content, technology localization, and job creation initiatives