Dubai Islamic Bank H1 2026 gross revenue rises 10% to AED 12.4 billion as asset quality improves
DIB's first-half pre-tax profit rose 1% to AED 4.3 billion and post-tax profit held stable at AED 3.7 billion, while its non-performing financing ratio fell to 2.4%.
IFC subscribes up to $100 million in Jordan Kuwait Bank's second green bond
The IFC is subscribing up to $100 million in Jordan Kuwait Bank's second green bond, funding energy efficiency, renewables, blue finance and green buildings.
UAE Central Bank fines foreign bank branch AED 1.82 million for consumer-protection breach
The CBUAE has imposed an AED 1.82 million penalty on a foreign bank branch for failing to issue a liability letter within the mandatory seven-day period.
UAE's central bank imposes AED 20 million penalty on foreign bank branch for AML and sanctions failures
The CBUAE fined an unnamed foreign bank branch AED 20 million and its Head of Compliance AED 300,000 for repeated AML, CFT and sanctions framework failures.
UAE's First Abu Dhabi Bank raises EUR 750 million from oversubscribed green bond
First Abu Dhabi Bank priced a three-year EUR 750m green bond with a 3.5302% coupon, drawing more than EUR 1.1bn in orders.
Egyptian prime minister meets central bank governor to review economic coordination
Egyptian Prime Minister Mostafa Madbouly met Central Bank of Egypt Governor Hassan Abdalla to review coordination between fiscal and monetary policy and efforts to secure essential commodities and fuel supplies, local media reported.
eToro explores acquisitions as it eyes move into banking services
eToro explored acquisitions and possible banking licence applications or a bank purchase as part of a push to diversify into payment services, the FT reported.
Bank of Singapore names Lim Leong Guan head of Middle East private banking, based in Dubai
Bank of Singapore appointed Lim Leong Guan head of private banking for the Middle East, South Asia and International, based in Dubai from 1 July 2026, as part of a push to grow its ultra high net worth business, Singapore Business Review reported.
World Bank sees GCC growth slowing sharply in 2026 before rebounding in 2027
The World Bank cut its 2026 GCC growth forecast by 3.1 percentage points to 1.3%, citing the Middle East war and the closure of the Strait of Hormuz, but expects a rebound to 5.2% in 2027.
Egypt's central bank absorbs EGP13.5 billion and revamps open-market deposit operations
The Central Bank of Egypt drained about $270 million of local-currency liquidity from two banks on 9 June and replaced pro-rata allotment in its weekly deposit auctions with full acceptance of bids.
CIBAFI's Bawazir says trade friction, not potential, is the main barrier to intra-OIC trade
Speaking at the third Global Islamic Economy Summit in Istanbul, CIBAFI secretary-general Hamza K Bawazir said digitalisation, AI-based SME credit assessment and harmonised Sharia standards could help Islamic finance ease barriers to trade among OIC states.
Central Bank of Egypt holds rates at 19% and 20% in May 2026 and raises inflation forecasts
The CBE kept rates unchanged on 21 May 2026 for a second meeting and raised its inflation outlook, expecting inflation to accelerate through the third quarter of 2026.