Banking & Finance

Emirates Islamic reports record net profit of $272.25 million in Q1 2025

Bank reported an 11 percent increase in total assets to AED123 billion

Emirates NBD’s profit before tax rises 56 percent to $2.12 billion in Q1 2025

Assets under management across the group grew to $50 billion, reflecting the ongoing success of the Bank’s wealth management strategy

Dubai sees surge in new business launches in 2024, total hits 19,904 since 2002

Dubai SME facilitated the launch of 3,461 new Emirati businesses, 524 more than in 2023

Mashreq successfully prices landmark $500 million debut Sukuk

The issuance garnered the largest order book in Mashreq’s history, with demand surging to $2.9 billion despite elevated market volatility

UAE bond and sukuk issuances grow 61.6 percent to $10.17 billion in Q1 2025, GCC issuances dip 7.1 percent

Primary debt issuances of bonds and sukuk in the GCC region amounted to $51.51 billion through 125 issuances

ADIA unit, Warburg Pincus affiliate to invest $877 million in India’s IDFC FIRST Bank

Investment will support the bank's continued growth, enabling it to meet the rising demand for financial products

GCC banks positioned to weather economic storms from U.S. trade policies: Report

New S&P report highlights GCC banks' solid strategies in volatile markets

UAE tech startups funding surges 865 percent to $872 million in Q1 2025

Late-stage funding drove the overall funding surge, with $760 million raised in Q1 2025

Dubizzle Group acquires UAE’s Property Monitor, sparking IPO hopes

Group plans to enhance Property Monitor’s product suite by incorporating demand-side data

Qatar to invest $2 billion in Indonesia through joint fund with Danantara

Fund will focus on projects in downstream industries, renewables, health facilities and technology

Strategic insights on new tax developments across the region

GCC countries are revamping tax policies to ensure fiscal sustainability, with new corporate taxes and international alignment

The role of financial regulations in driving sustainability and innovation

Economy Middle East speaks with Emmanuel Givanakis, CEO of ADGM’s FSRA to discuss the critical role of financial services regulation in driving sustainability and fostering innovation in ADGM’s financial ecosystem

Dr. Saeeda Jaffar on how Visa is supporting the strategic growth of tourism in the GCC

Senior vice president and group country manager, GCC, Visa, shares the trends shaping the future of payments in the region

World Bank’s IFC inks 3 strategic agreements in Oman to boost economic diversification

IFC and United Solar Polysilicon will support the development of a $1.6 billion greenfield polysilicon plant in Sohar

UAE corporate tax: Finance ministry amends decision on audited financial statements

The updated decision sets out clear requirements for tax groups to prepare audited financial statements

Over $1.77 billion stolen in crypto hacks in Q1 2025, Bybit sees largest loss: Report

A singular attack accounted for nearly 85 percent of all the value stolen in the quarter

Saudi Arabia’s liquidity hits historic high, exceeds $800 billion in February 2025

Demand deposits constituted the largest share, accounting for 48.5 percent or SAR1.47 trillion

Abu Dhabi’s Mubadala Energy acquires first stake in U.S. gas, LNG projects

The move enhances the company's growth plans to invest in the global gas value chain.

Mashreq Bank partners with Goldman Sachs Asset Management for discretionary services

New partnership will allow Mashreq to provide discretionary services, enhancing its wealth management offerings

Business travel in MENA set to soar to $270.8 billion by 2030: Report

Business travel in the MENA region rose by 50 percent in Q1 2025 compared to Q1 2024

UAE and Kazakhstan central banks forge cooperation for financial market regulation, development

Agreement aims to strengthen cooperation and information exchange in areas of mutual interest

Egypt secures nine development agreements worth $290.2 million with France, EU

These deals will support priority projects in water treatment, sanitation, electricity, and rail transport sectors

ADIB becomes first bank to offer fractional sukuk for retail investors on new platform

Investors can now participate with as little as $1,000 compared to the usual $200,000 minimum

Information security spending in MENA to reach $3.3 billion in 2025, up 14 percent: Gartner

Spending on security services is expected to grow by a 16.6 percent in 2025