Banking & Finance

UAE strengthens position as global leader in Islamic finance and halal industry

The UAE aims to increase halal exports to AED 315 billion by 2031 under the new national plan

ADGM appoints Rashed Al Blooshi as CEO of the Registration Authority

Al Blooshi will oversee registration, licensing, and supervision of non-financial businesses within ADGM

How regulation and innovation are positioning the UAE as a global leader in emerging market investments

An efficient combination of regulatory foresight, digital innovation, rising liquidity, and strong foreign direct investment has positioned the UAE as a leading destination for emerging market investments

Seviora: Connecting opportunities between Asia and the Middle East

Temasek-owned asset management group sets up Abu Dhabi office for regional expansion, collaboration initiatives

U.S. tariff revenue rises 270 percent, posts record $23 billion in May 2025

U.S. customs duties surged to a record high, contributing to a reduction in the budget deficit.

Nasdaq Dubai celebrates ICBC’s $1.72 billion multi-currency green bond listings

The listings include $1 billion Floating Rate Notes and $300 million 4.125 percent Notes due 2028

GCC banks with Turkish subsidiaries set to benefit from enhanced macro conditions: Fitch

Banks report averagely decreased losses as Turkish inflation rates drop significantly in 2025

Abu Dhabi’s FAB, EDGE Group partner to enhance financial agility and supplier ecosystem

EDGE’s deployment of FAB’s TMS delivers real-time cash visibility and advanced forecasting capabilities 

Qatar’s Islamic finance assets grow 4.1 percent YoY to $187.6 billion in 2024

Islamic banks accounted for 87.4 percent of total Islamic finance assets 

Sharjah Islamic Bank lists $500 million AT1 sukuk on Nasdaq Dubai

Latest transaction brings Sharjah Islamic Bank's total outstanding on Nasdaq Dubai to $2.5 billion across five listings

Syria to boost foreign direct investment by resuming SWIFT services soon

Resuming SWIFT operations is expected to reduce informal trade channels in Syria’s economy 

Emirates NBD, Siemens launch agreement to accelerate funding for green infrastructure projects in UAE

A unique credit framework and financing tools will support green projects throughout their lifecycle 

Emirates Islamic Bank to delist from DFM following Emirates NBD acquisition

EIB will instruct the DFM to suspend trading of its shares with effect from Tuesday, June 10, 2025

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