Recent financing: $210 million RMBS priced July 2007 through Morgan Stanley and Standard Chartered; plans for further $300 million convertible bonds and $500 million sukuk by the end of 2007 Adel …
National Bank opens Dubai office as Canada aims to expand trade ties with UAE
Canadian companies have been setting up shop in Middle East. Waterloo, Ont.-based enterprise software company Open Text Corp. OTEX-T +1.40% is opening an office in Saudi Arabia. In November, …
Dubai Sets New Mortgage Restrictions
The Central Bank of the United Arab Emirates issued new rules this week for mortgages, hoping to limit the flow of financing that helped create the property boom-and-bust cycle in Dubai. Mortgages for …
UAE poised to lead GCC IPO rebound in 2026 as pipeline rebuilds
After a year of subdued listings, the UAE is shaping up as the focal point of a GCC IPO revival in 2026, with a strong pipeline of large, diversified offerings expected to restore depth and confidence …
Commercial Bank International receives approval to close Islamic banking window
Commercial Bank International (CBI) has announced that it will proceed with the closure of its Islamic Window after receiving approval from the Central Bank of the UAE’s Higher Shariah Authority.
The first UAE bank account built for content creators
Wio Bank has launched the UAE’s first banking account designed specifically for content creators and digital entrepreneurs, with features tailored to income management, payments and business growth.
UAE economy set to grow 5% in 2026, says World Bank
World Bank forecasts UAE economic growth of 5% in 2026 and 5.1% in 2027, as global growth proves more resilient despite trade tensions …
UAE-listed Commercial Bank International set to exit Islamic banking services
Commercial Bank International (CBI) is set to exit the Islamic finance space to focus on its core conventional banking business. The bank, listed on the Abu Dhabi Securities Exchange (ADX), has just …
Markets in Motion: From Listings to Leadership
How listings, investor demand, and market plumbing are reshaping Dubai’s public markets and what needs to deepen next …
HSBC sets up asset management operation in UAE
The new funds are managed from within the UAE by HSBC Asset Management, which has more than 600 investment professionals.
IMS adds Dubai to non-resident mortgage portfolio
Ever since Sheikh Mohammed declared in May 2002 that foreigners were allowed to purchase property in Dubai, demand for home loans has soared. In fact according to reports in the Khaleej Times, …
Animoca Brands eyes IPO in Hong Kong or Dubai for 2025
Web3 giant Animoca Brands is considering going public, possibly in Hong Kong or the Middle East, as early as late next year. According to South China Morning Post, Animoca Brands’ co-founder Yat Siu …
UAE’s federal real estate assets to become part of an electronic registry
A strategic tool that enables federal entities to efficiently register, monitor, and manage their real estate assets through a structured approach …
Saudi Arabia overtakes UAE as MENA sustainable finance tops $35bn
Banks and energy firms drive sevenfold market expansion since 2020, according to Bloomberg Intelligence report …
UAE, Saudi Arabia to lead sukuk issuances in 2026 amid rising funding needs: S&P
Global sukuk issuance increased to $264.8 billion in 2025, up from $234.9 billion in 2024, underpinned by strong performance from Malaysia, Saudi Arabia, Turkey, the UAE and Bahrain. Saudi Arabia was …
UAE’s Islamic digital bank Mal raises $230 million
UAE-based fintech Mal has raised $230 million in a strategic investment round led by BlueFive Capital, with participation …
UAE gross banks’ assets surge to $1.43trln by November 2025
Gross credit increased due to the combined growth in domestic credit by $2.45bln and in foreign credit by $2.37bln …