Sandrine Zimra

Iraq's central bank devalued the dinar against the dollar on Wednesday, the first time in more than three years, as the economic fallout from the Middle East war deepens.

The UAE Ministry of Finance announced Friday the listing and start of secondary-market trading for its second five-year Sovereign Retail T-Sukuk on Nasdaq Dubai, following successful subscription, allocation and settlement.

Turkey has revoked the operating license of Iran's Bank Mellat, according to a notice published early Saturday in the official gazette.

Vision Bank, the Islamic bank headquartered in Abu Dhabi Global Market (ADGM) and wholly owned by GII Group, has announced the launch of a new SME financing proposition, marking a significant milestone in the Bank's strategy to support modern businesses with solutions tailored to how companies operate, trade and grow.

HSBC in the UAE has become the first market in the bank's global network to launch an upgrade to its Global Money Account, a fully integrated multi-currency account and debit card designed for the way international customers live, earn, travel and support family across borders.

Saudi oil giant Aramco announced Tuesday a 44% surge in net profit for the second quarter compared to the same period last year, driven by soaring crude prices amid the war in the Middle East.

Saudi Arabia, Russia and five other OPEC+ members meeting online Sunday agreed to raise oil production quotas for September, even as war rages across the Middle East.

Sharjah Islamic Bank (SIB) posted a net profit after tax of $218.9 million (AED803.9 million) for the first half of 2026, up 15.3 percent from $189.9 million (AED697.2 million) a year earlier.

ADNOC Logistics & Services (ADNOC L&S) has placed a US$900 million order for four next-generation LNG carriers as it continues to expand its global fleet to meet rising demand for natural gas.

The World Bank has announced the appointment of Dahlia Khalifa as Division Director for the Middle East Department, covering Iran, Iraq, Jordan, Lebanon and Syria. She succeeds Jean-Christophe Carret, who served in the role for four years.

The Arab Energy Fund (TAEF) has listed a USD 500 million Sukuk on Nasdaq Dubai, attracting orders exceeding USD 900 million and achieving 2x oversubscription, a strong vote of confidence from global investors in the multilateral institution's credit profile and energy sector mandate.

The acquisition of Electronic Arts (EA) by a consortium led by Saudi Arabia's Public Investment Fund (PIF), the most significant transaction in the history of the video game industry, is taking longer than anticipated to close, sources indicate.