Banking & Finance

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

Air Arabia becomes region’s first airline to accept crypto payments with AE Coin

Airline has partnered with Mbank to enable the use of AE Coin payments for flight bookings through the AEC Wallet App

ADNOC’s listed companies report over $2.3 billion in Q1 2025 net profit

Each of the six companies showed strong financial results and progress on strategic priorities

Dubai approves new operational procedures for Financial Audit Authority, employee grievance oversight

Decision approves operational procedures for the Central Violations Committee and Grievances Committee in Dubai

ADGM Registration Authority joins IFIAR Enforcement Working Group as first Middle East member

As a member of IFIAR EWG, the RA joins leading audit regulators from around the world

ADGM to host 2026 IBA Arbitration Day, cementing UAE’s role in cross-border dispute resolution

The International Bar Association (IBA) has announced that Abu Dhabi will host the 27th Annual IBA Arbitration Day, scheduled for January 28–29 2026

Mastercard launches cyber resilience center to enhance digital security in Saudi Arabia

Three pillars focus on education, best practices, and risk assessments to boost cyber defenses