The Central Bank of Bahrain (CBB) has announced the launch of a loan deferral and liquidity support programme including a set of measures to support Bahrain’s economy and the financial sector.
The Bahrain Association of Banks (BAB) has signed an agreement with the Kuwait Banking Association that provides a general framework to facilitate dialogue, information exchange and engagement between the two associations on matters of shared interest to their respective members.
The small and medium‑sized enterprises (SMEs) across the Gulf region showed strong resilience through the first quarter, sustaining high levels of company formation and restructuring even as March brought renewed disruption linked to the regional tensions, said a report.
Israel's war with Iran incurred 35 billion shekels ($11.52 billion) in budgetary expenses, with 22 billion shekels of that going to defence, the Finance Ministry said on Sunday, citing a preliminary estimate.
The GCC economy expanded in the third quarter of 2025, reflecting its sustained ability to balance the role of the oil sector while enhancing the contribution of non-oil activities to gross domestic product (GDP), said a report. Its real GDP for the period soared to hit $474 billion, up 5.2% over Q3 2024.
Global growth is likely to take a noticeable hit from the ongoing Middle East conflict, even if a ceasefire holds, according to an interview given by World Bank President Ajay Banga to Reuters.
The UAE has won the hosting rights for the 2029 meetings of the World Bank Group and the International Monetary Fund in the capital, Abu Dhabi, said HH Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister, in his X post.
Reserves held by UAE banks with the Central Bank of the UAE rose to AED439 billion ($119.5 billion) in the first quarter of 2026, underscoring strong liquidity buffers in the banking system as authorities press ahead with financial sector resilience measures.
Careem Pay, the digital payments platform within the Careem app, expands its remittance service to include Türkiye and Saudi Arabia, enabling residents of the United Arab Emirates to transfer money directly to bank accounts in both countries at competitive rates.
Listed companies in the Abu Dhabi Securities Exchange (ADX), one of the 20 largest stock exchanges by market capitalisation, extended their sustained growth as total net profit increased 17% year on year to over AED200 billion ($54.46 billion).
