The United States has threatened to impose damaging secondary sanctions on countries, financial institutions and companies that continue to provide economic lifelines to Iran, opening a potentially far-reaching new front in Washington’s campaign to isolate Tehran as the war approaches its six-month mark.
The Asian Development Bank (ADB) has launched a key initiative - Financing Investments and Eradicating Land Degradation and Desertification (FIELD) - that aims to attract $2 billion by 2035 for investment in programmes that restore lands and boost drought resilience across APAC.
Al Salam Bank was appointed as joint lead manager and bookrunner on Saudi Real Estate Refinance Company’s (SRC) $2.75 billion dual-tranche international sukuk issuance. The issuance, backed by Saudi PIF ranks as the largest US dollar-denominated GCC Sukuk of 2026.
The United States is set to unleash what Treasury Secretary Scott Bessent has described as an “economic D-Day” against Iran, threatening to sever the country’s remaining financial and commercial lifelines.
Oman's public revenues recorded a 13 % increase by the end of the second quarter of 2026, reaching approximately OMR6.602 billion ($17.17 billion), compared to approximately OMR5.839 billion during the corresponding period of the previous year.
Bahrain Mumtalakat Holding Company, the sovereign wealth fund of the Kingdom of Bahrain, has appointed Noora Abdulrahman Jamsheer as Chief Executive Officer of Synergy Shared Services Company.
The third board meeting of the UAE International Investment Council (UAEIIC) highlighted two products developed by the UAEIIC to support its members operating internationally.
National Bank of Oman (NBO), in collaboration with Sharakah, has completed the first workshop of its SME Growth Program in Muscat, bringing together entrepreneurs and small and medium-sized enterprise (SME) owners as part of its ongoing commitment to supporting Oman’s economic development.
Abu Dhabi Islamic Bank (ADIB), a leading Islamic financial institution, has appointed Pedro Uria-Recio as Chief AI Officer, strengthening the bank’s leadership and capabilities as it advances its Vision 2035 strategy.
DIB, a leading Islamic bank in UAE, has launched a new off-plan home finance proposition designed to support customers purchasing freehold properties from leading developers across the UAE during the under-construction phase.
