Banking & Finance

Bank of America launches $40 billion stock buyback program

The $40 billion program replaces a previous authorization with $9.1 billion remaining as of June

Emirates NBD income surges to $6.5 billion in H1 2025 on strong loan growth, regional expansion

Operating profit grew 9 percent as the strong loan and deposit growth momentum easily absorbed earlier interest rate cuts

Emirates Islamic reports $599 million profit before tax in H1 2025, driven by income and deposit growth

Total income rose 9 percent year-on-year to AED2.9 billion, driven by diverse income streams

UAE banks to phase out OTPs starting July 25, transition to app-based authentication

The UAE central bank aims to phase out the use of OTPs completely by March 2026

UAE banking sector assets surpass $1.29 trillion in April 2025

The central bank’s foreign assets increased to AED937.5 billion at the end of April

Multiply Group acquires majority stake in Spain’s Tendam, marking first major investment in Europe

The group now has a majority interest of 67.91 percent in Castellano Investments, the owner of Tendam Brands S.A.U.

ADQ-backed digital bank Wio surpasses $1 billion in Assets Under Administration in less than two years

Popular investment themes include US tech stocks like NVIDIA and cryptocurrencies such as Bitcoin and Ethereum

Abu Dhabi’s NMDC Energy revenue climbs 41 percent as net profit reaches $158.7 million in H1 2025

The company expands its project pipeline to AED66 billion, enhancing regional industrial capabilities significantly

Dubai Gold and Commodities Exchange reports over 1 million contracts traded in H1 2025, 30 percent YoY growth

DGCX's Shariah-compliant Gold Spot Contract saw a remarkable 199.84 percent YoY trade value increase

FAB’s net profit surges 26 percent to $2.89 billion in H1 2025

Total assets grew 11 percent this year to AED1.34 trillion

The invisible edge: Why trading infrastructure now matters more than ever

Stable pricing, reliable execution, and immediate access to funds are the foundation of trust in the trader-broker relationship

CBUAE, Presight launch JV to support UAE’s Financial Infrastructure Transformation Program 

Collaboration marks a strategic step toward ensuring the UAE’s financial market infrastructure remains resilient, secure, efficient and future-ready

Saudi Arabia’s VC deployment hits $860 million in H1 2025, surpasses 2024 funding

Saudi Arabia achieved a record 114 VC deals in H1 2025, a 31 percent increase compared to H1 2024

Ajman Bank posts strong H1 2025 results with 17 percent asset growth and AED 266 million in pre-tax profit

Customer deposits increased 11 percent year-to-date to AED 20 billion, reflecting healthy momentum across both consumer and wholesale banking segments

DLD partners with Emirates NBD to support real estate growth with innovative financial solutions

DLD and Emirates NBD will collaborate on two forward-looking studies addressing procedural and regulatory aspects

Oman issues Treasury bills worth $56.4 million

The average discount rate and yield for 28-day Treasury bills stood at 3.91071 percent and 3.92248 percent

ADQ boosts Aramex ownership to 63.16 percent

Voluntary tender offer for Aramex has become unconditional following receipt of all required regulatory and internal approvals

RAKBANK reports AED 1.374 billion profit in H1 2025, up 26 percent year-on-year

RAKBANK’s total assets grew by 18.1 percent YoY reaching AED 95 billion

Trump’s first six months in office fuel over 15,000 new Bitcoin millionaires, study finds

The sharpest growth came among millionaires holding over $10 million worth of Bitcoin

Abu Dhabi introduces digital currency payments for judicial and legal service fees

ADJD becomes the first government entity in the Middle East to officially accept the AE Coin as a digital payment method for court-related transactions

UAE introduces sugar-based beverage tax to promote healthy living

Under the new model, the higher the sugar concentration in a beverage, the higher the applicable excise tax per liter

Oman classified as largely compliant with international standards on tax transparency 

High ranking reflects Oman’s dedication to principles of transparency and governance globally 

ADGM FSRA and Central Bank of Azerbaijan forge new partnership on financial innovation

The agreement sets the stage for closer cooperation that supports financial innovation and regulatory alignment between the two jurisdictions

Dubai Metro Blue Line: $5.6 billion mega infrastructure project secures funding from Emirates NBD

Scheduled for completion by September 2029, it will serve approximately 350,000 daily passengers by 2040