Banking & Finance

UAE Central Bank issues 7,000 commemorative coins for Dubai Islamic Bank’s Golden Jubilee

Issuance includes 2,000 coins of 50 grams and 5,000 coins of 20 grams each 

Mashreq launches $500 million sukuk listing on Nasdaq Dubai

Landmark listing enhances Mashreq’s access to international capital markets and Islamic finance 

Trump doubles tariffs on steel and aluminium to 50 percent

The move hikes import taxes for the second time since March, impacting various industries and consumers 

Armenia Stock Exchange joins ADX’s Tabadul platform to enable cross-border trading

The platform enables seamless trading and settlement in local currencies

Dubai Future District Fund reports $1.65 billion in capital commitments, supports over 190 startups

The Fund’s strategic initiatives showcase its role in advancing technology and venture capital in Dubai

Bill Gates pledges $200 billion to boost health, development in Africa

Gates: “By unleashing human potential through health and education, every country in Africa should prosper”

Oman’s Treasury Bills issuance reaches $131.3 million in week

The value of allotted Treasury bills reached OMR2 million for a maturity period of 91 days 

ADGM reports 33 percent AUM growth in Q1 2025 highlighting strong market confidence

Over 600 new businesses established in ADGM's expanded jurisdiction on Al Reem Island during the quarter

Abu Dhabi transitions to performance-based budgeting to enhance service quality, transparency in 2026

Performance-Based Budgeting links spending to goals, enhancing service quality and community well-being 

STC Bank wins Temenos’ Fast Track Growth award for remarkable user adoption

User-friendly features and instant transfers have fueled STC Bank's notable expansion in three months 

Qatar and Kuwait sign agreement to avoid double taxation, promote investment

The deal establishes a legal framework for tax treaties to eliminate double taxation instances 

Oman’s public revenues reach $33.2 billion in 2024 driven by hydrocarbon gains

Public spending reached OMR12.241 billion, primarily driven by subsidies for oil and development projects

Qatar’s debt capital market to exceed $150 billion in medium term, says Fitch

Market expanded by 8 percent to $131.8 billion outstanding, dominated by the sovereign at nearly 60 percent

ADGM attracts over 10,000 global participants to its second Virtual Career Fair featuring 40 leading businesses

Participants hailed from more than 30 countries, showcasing ADGM's commitment to international talent attraction

MENA region records 225 M&A deals worth $46 billion in Q1 2025: Report

The UAE remained the region's top target country with 63 deals totaling $20.3 billion

Comera Finance receives in-principle approval for finance company license from UAE central bank

Approval aligns with the UAE leadership’s ambitious vision to build a world-class digital economy

Oman public revenues reach $6.85 billion by end of Q1 2025 

Net oil revenue totaled OMR1,468 million at the end of Q1 2025, marking a 13 percent drop 

UAE launches region’s first Finfluencer license to regulate digital financial content

The SCA has waived fees for three years to promote financial innovation within a robust framework

GCC banking sector profits hit record $15.6 billion in Q1 2025 on higher non-interest income

UAE-listed banks showed the biggest absolute growth in net profits with an increase of $639.6 million or 11.8 percent

Valu to begin trading shares on Egyptian Exchange in June following dividend distribution

Trading of Valu shares on the EGX is expected to take place during the week commencing on June 22

Etihad Credit Insurance achieves 15.7 percent growth in insured turnover to $4.41 billion

Since its inception, the company has facilitated over AED21 billion in cumulative export trade and investment

Ajman Department of Finance and Ajman Bank sign strategic deal to boost digital financial integration

The department aims to position Ajman as a leading hub for digital finance in the region

ANAX Capital enters UAE financial market after securing First Category license from SCA

Approval authorizes the firm to offer trading in international markets, OTC derivatives/CFDs and spot forex

Invest in Sharjah launches region’s first government-led digital platform to streamline M&As

Platform enhances market liquidity and provides flexible solutions for growth, strategic exits, or corporate restructuring