Banking & Finance

Dubai Finance, DIFC partner to advance cashless strategy through governance, innovation 

Partnership includes workshops to implement best practices for a cashless economy across Dubai

Abu Dhabi’s Masdar achieves $6.6 billion oversubscription in latest green bond issuance

The bond was issued in two equal tranches of $500 million with competitive coupon rates

Gulf sovereign wealth funds and the Santiago Principles: Navigating a new era

Funds from the region have largely operated with commercial considerations, emphasizing governance, independence, and long-term investment strategies

STC Bank: Pioneering digital banking with Saudi cultural innovation

How a home-grown digital bank is reshaping financial services in the kingdom

Abu Dhabi rising: The growing international influence of the ‘Capital of Capital’

We ask Arvind Ramamurthy, chief of market development at ADGM, for his insights on the future of the leading international financial center

Ajman Bank on course to achieve key milestones in ongoing transformation

Strong growth, effective cost discipline and improved liquidity positions the bank to greater heights

Landmark Valu IPO to leverage listing for growth

Move will help bolster the fintech’s growth and commitment to innovation, financial inclusion

Mashreq leverages digitalization for business growth, enhanced customer experiences

One of the leading financial institutions in the MENA region sees embedded finance, automation and hyper personalization as the future of banking

Abu Dhabi’s TAQA Group posts revenue of $3.9 billion for Q1 2025, up 3.8 percent YoY

The group faced a decline in EBITDA, which fell by 6.7 percent to $1.4 billion

Abu Dhabi’s EMSTEEL delivers $599 million in revenue for Q1 2025

Profit before tax was $25.6 million, with net profit after tax amounting to $23.4 million

Dubai Salik reports $204.6 million revenue surge in Q1 2025, marking 33.7 percent growth

Salik’s total chargeable trips reached 158.0 million, fueled by variable pricing and new gates

UAE Cybersecurity Council partners with e& UAE to launch Al Ain Innovation Center

The center will support applied research, talent development, and startup initiatives in critical technologies

Dubai RTA invites SMES to join 116 tenders, auctions until end of 2025

The program supports the Dubai Government’s Public-Private Partnership Strategy aimed at economic growth 

Dubai government launches world’s first crypto payments for cashless services

Dubai Finance partners with Crypto.com to revolutionize government payments with cryptocurrencies

UAE to issue $8 billion of local currency debt to support domestic capital market growth: S&P

The UAE's well-capitalized and liquid banks stand ready to provide funding if capital markets become unsupportive, ensuring stability

Dubai’s tech startup scene soars 135 percent, 127 startups supported in Q1 2025

Chamber events supported business, empowered startups, nurtured talent, and built partnerships

OMNIYAT debuts $500 million green sukuk on Nasdaq Dubai

Successful launch highlights conviction that profitability and a positive environmental impact are mutually reinforcing

ADNOC L&S reports $1.181 billion Q1 2025 revenue — 41 percent surge led by logistics and shipping gains

EBITDA rose by 20 percent to $343.6 million, driven by robust performance across all business segments

Dubai’s Parkin drives $37.2 million net profit in Q1 2025 amid expansion

Revenue rose 27 percent to $74.4 million, with strong operational performance citywide

Qatar Central Bank issues $796.4 million worth of bills

QCB detailed bill offerings, including QAR500 million maturing in 7 days at 4.61 percent

AD Ports Group’s Q1 2025 revenue surges to $1.25 billion, net profit climbs 16 percent

Group EBITDA rises to $310.4 million, with net profit soaring to $126.3 million

UAE Islamic finance industry surpasses $285 billion, new strategy to further boost growth: Fitch

The UAE Islamic finance industry is estimated to have reached over $285 billion at the end of Q1 2025

Dubai Taxi Company posts $160.2 million in Q1 2025 revenue, up 5 percent YoY

Strategic Bolt partnership impacted short-term profits as DTC eyes long-term growth