Sandrine Zimra

S&P Global Ratings has kept Israel’s sovereign credit rating at ‘A’ with a stable outlook. Despite months of security and economic upheaval, the agency sees no reason to change its view of the country’s credit risk.

In a single trading day, Wall Street went from celebrating artificial intelligence to questioning how it is paid for. Jacques Lemoisson, head of the economic intelligence firm Gate Advisory, says the warning signs had been building for months.

Moody’s has raised its growth forecasts for the Israeli economy, but cautions that the stronger headline figures overstate the health of domestic activity. 

Saudi oil giant Aramco reported on Tuesday a 34.6% rise in third-quarter net profit, as the war in the Middle East continued to push oil prices higher despite repeated attacks on the kingdom’s energy infrastructure.

The Tel Aviv Stock Exchange suffered one of its worst sessions in months after the election produced no clear winner, wiping out all its October gains. The shekel tumbled, long-term government bonds fell and the local volatility index jumped 30%.

The Central Bank of Egypt (CBE) raised its key interest rates by 100 basis points on Thursday, its first increase since March 2024, in a move that caught analysts off guard as the pound slid to record lows.

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.