HSBC has appointed Sami Abouzahr as Head of International Wealth and Premier Banking (IWPB), UAE and Middle East, effective immediately.
First Abu Dhabi Bank (FAB), the UAE’s global bank and one of the world’s largest and safest financial institutions, has launched The Exchange, its AI Practitioner Insights Series.
The GCC-EU Summit, which was scheduled to be held in Riyadh on October 24, has been rescheduled to a later date to be agreed upon by the GCC and European sides, said Jasem Mohamed Albudaiwi, GCC Secretary-General.
International co-operation and economic resilience remain key to overcoming global geopolitical and trade challenges, Finance and National Economy Minister Shaikh Salman bin Khalifa Al Khalifa has said.
The Middle East, North Africa and Pakistan are poised for a sharp economic recovery in 2027, with growth projected to reach 6.6 per cent after a war-induced contraction this year, although the International Monetary Fund (IMF) has warned that the rebound will be uneven and depend heavily on the restoration of energy production and trade.
UAE-based Mashreq, a leading financial institution in the Mena region, has successfully priced its inaugural CNH 1 billion three-year senior unsecured Dim Sum bond at a fixed coupon of 2.50%, marking the bank's first public issuance in the offshore renminbi market.
First Abu Dhabi Bank (FAB) has issued AED1 billion ($272.2 million) digitally native green notes, thus becoming the first digital green bond from the Middle East and North Africa region. The three-year landmark issuance has been settled through Euroclear’s Digital Financial Market Infrastructure (D-FMI).
Mashreq has successfully priced its inaugural CNH1 billion (offshore Chinese Yuan) ($149.3 million) three-year senior unsecured Dim Sum bond at a fixed coupon of 2.50%, marking the bank's first public issuance in the offshore renminbi market.
The UAE is all set to become the main crossing point for capital moving between East and West.
Dubai Customs has announced that its cashless payment transaction rate reached 99.3% of total payment transactions in the first half of 2026, compared with 99.4% in 2025 and 99.2% in 2024.
