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.
Saudi food company Modern Mills has signed a SAR235 million ($62 million) credit facility deal with Saudi Awwal Bank to finance a new feed mill project and support working capital needs. It includes a SAR120 million capex facility with a tenure of eight years and a SAR115 million revolving credit facility with a one-year tenure.
More than 100 newly qualified finance professionals qualified as members of the Association of Chartered Certified Accountants (ACCA) in Oman, adding to the sultanate's skilled workforce as it pursues economic diversification under Vision 2040.
Saudi-based Makkah Construction and Development Company said it had renewed an existing SAR880 million ($235 million) shariah-compliant financing facility with Bank AlJazira. It will be used to meet liquidity requirements and fund strategic projects.
More than half of people getting financial advice will accept AI playing a role in their financial planning, but only if a human being still makes the final decision, according to new research from deVere Group, one of the world’s largest independent financial advisory organisations.
Azura Partners, a global wealth manager serving ultra-high-net-worth individuals, entrepreneurs and institutions, has opened its office in Abu Dhabi Global Market (ADGM), thus establishing a permanent, on-the-ground presence in one of the world’s fastest-growing centres for global private wealth.
The OPEC Fund for International Development (the OPEC Fund) is providing a $50 million loan to Southeast Asia Commercial Joint Stock Bank (SeABank) to expand financing for small businesses and climate-focused investments across Viet Nam.
Mattel, an American multinational toy manufacturing and entertainment company, has appointed Tarek Moussawer as its new Commercial Lead for Middle East region. An industry veteran, he brings over 20 years of experience across retail, finance, brand building and commercial strategy to the new role.
Citi has appointed Rajeev Garg as the new Head of Wealth for Citibank N.A., UAE, effective June 18, 2026.
King Abdullah Financial District Development and Management Company (KAFD DMC), the developer and operator of Riyadh’s premier business and lifestyle destination, has secured a SAR12 billion ($3.2 billion), 15-year, senior-secured Murabaha facility, its first independently secured debt facility.
