Finance

UAE, Korea explore expanding strategic cooperation in energy, nuclear power, emerging technologies

Eng. Sharif Al Olama, Undersecretary for Energy and Petroleum Affairs at the Ministry of Energy and Infrastructure (MoEI), received Kim Jung-kwan, Minister of Trade,...

Tech, crypto firms to help tackle illegal wildlife trade

group of leading international technology, ​crypto and other ​businesses on Monday announced plans to ​help stamp out the illegal trade in wildlife. Announcement made as...

When AI access disappears overnight: The 12 sovereign models India is betting on

The idea of "sovereign AI" has often been dismissed as techno-nationalist rhetoric, an idea which is considered expensive, duplicative and largely unnecessary in a...

FAB, T. Rowe Price forge alliance to enhance investment solutions

Move set to significantly enhance the range and sophistication of investment solutions available to clients across the GCCFirst Abu Dhabi Bank (FAB) has entered...

Saudi Arabia leads GCC IPO market in 2025, raises $4.1bn: Markaz 

RIYADH: Saudi Arabia strengthened its role in the Gulf Cooperation Council’s initial public offering market in 2025, raising $4.1 billion in proceeds, the highest in the region, according...

Global Islamic finance set to hit $6 trillion in 2026 as industry posts strong double‑digit growth

Sukuk market was one of 2025’s standout performers. Global issuance topped $230 billion in 2024 and continued expanding last year, supported by sovereign borrowing...

UAE consolidates its role as a regional debt issuance hub

Corporate borrowers — especially banks — played an outsized role, driving both issuance volumes and the region’s forward‑looking maturity profile The Dubai International Financial Centre...

Mashreq announces successful closing of its $2 billion dual tranche syndicated term loan facilities

This syndicated loan is the biggest funding transaction ever for Mashreq. It is also one of the largest syndicated loans by any GCC bank...

Saudi Central Bank issues financial institutions services fee guide 

RIYADH: The Saudi Central Bank, also known as SAMA, announced the issuance of the Financial Institutions Services Fee Guide, which will replace the currently...

Saudi Arabia’s US Treasury holdings rise to $134.4bn

RIYADH: Saudi Arabia increased its holdings of US Treasury securities to $134.4 billion in October, maintaining its position among the world’s largest foreign holders,...

UAE banks power ahead in Q3, outpacing regional peers

Loan growth, resilient margins, and digital innovation drive sector gains amid favourable macro conditions, Alvarez & Marsal report shows UAE banks continued to outperform their...

Don't miss

UAE, Korea explore expanding strategic cooperation in energy, nuclear power, emerging technologies

Eng. Sharif Al Olama, Undersecretary for Energy and Petroleum...

Tech, crypto firms to help tackle illegal wildlife trade

group of leading international technology, ​crypto and other ​businesses...

When AI access disappears overnight: The 12 sovereign models India is betting on

The idea of "sovereign AI" has often been dismissed...

SEBI board to consider reintroducing open-market window for buybacks tomorrow

A key proposal before the board is to reintroduce...

BMW cuts 2026 profit margin outlook over China slowdown, Middle East costs

German luxury carmaker BMW Group revised down its 2026...