Business & Money | Wednesday 21 October, 2026 4:50 pm

Advent opens office in ADGM

Advent, a leading global private equity investor, today announced it has opened a new office in ADGM, the international financial centre of Abu Dhabi, extending the reach of the firm’s international platform into the Middle East. According to a press release issued today, the new presence...

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Business & Money | Wednesday 21 October, 2026 4:45 pm

820 Audit Leaders from 25 countries convene in Abu Dhabi for CAE Conference 2026

Abdulla Bin Touq Al Marri, Minister of Economy and Tourism, attended the Chief Audit Executives (CAE) Conference 2026 at Hilton Abu Dhabi Yas Island, joining 820 Chief Audit Executives and internal audit leaders from 25 countries. Held under the Minister’s patronage and organised by the UAE...

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Business & Money | Wednesday 21 October, 2026 4:39 pm

Emirates Islamic posts AED2.7 billion profit in first nine months of 2026

Emirates Islamic reported a profit of AED2.7 billion for the first nine months of 2026, while operating profit rose 7 percent year-on-year to AED3.3 billion. The bank's total income increased 6 percent to AED4.7 billion compared with the same period last year, driven by higher non-funded...

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Business & Money | Wednesday 21 October, 2026 4:36 pm

Emirates NBD posts AED19.3 billion profit in nine months

Emirates NBD reported a profit after tax of AED19.3 billion for the first nine months of 2026, up 2 percent from the same period last year, while profit before tax rose 4 percent to AED24.3 billion. The bank posted record income of AED42.2 billion, up 15 percent year-on-year, while the group's ...

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Business & Money | Wednesday 21 October, 2026 4:26 pm

Saudi Arabia leading G20 growth forecasts for 2027 reflects economic resilience: Investment Ministry

The Ministry of Investment said Saudi Arabia’s leading position in projected economic growth among G20 countries in 2027, at 7.9% based on International Monetary Fund (IMF) data for October 2026, reflects the strength and resilience of the Kingdom’s economy and opens broader prospects for...

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Business & Money | Wednesday 21 October, 2026 1:07 pm

ITFC And SCOPI Conclude Five-Year Coffee MUG Programme After Reaching 5,000 Indonesian Coffee Farmers

Closing ceremony in Karo marked the programme’s results, recognises Master Trainers and launches the Master Trainer Guidelines Karo, Indonesia - The International Islamic Trade Finance Corporation (ITFC), a member of the Islamic Development Bank (IsDB) Group, and the Sustainable Coffee...

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Business & Money | Wednesday 21 October, 2026 12:11 pm

Abdullah Al Rajhi: alrajhi bank advances its “Harmonize the Group" strategy with net profit of SAR 20,870 million for the first nine months of 2026, up 13%

alrajhi bank sustained its strong performance during the first nine months of 2026, reporting net profit of SAR 20,870 million, an increase of 13% compared with the same period in 2025. This growth reflects robust operating performance and continued business expansion across the Bank’s business...

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Business & Money | Wednesday 21 October, 2026 10:15 am

SHARAKAT Honors Winners Across Nine Categories at the SHARAKAT Awards 2026

SHARAKAT honored the winners across nine categories at the fourth edition of the SHARAKAT Awards 2026. Held at the Hilton Riyadh under the patronage of His Excellency Eng. Abdulrahman bin Abdulmohsen Al-Fadley, Minister of Environment, Water and Agriculture and Chairman of the Board of Directors,...

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Business & Money | Wednesday 21 October, 2026 9:51 am

NDMC closes October sukuk issuance at SAR 6.75B

The National Debt Management Center (NDMC) closed investor orders for its October domestic issuance under the Saudi Arabian Government SAR-denominated Sukuk Program, allocating SAR 6.749 billion, the center said in a statement today, Oct. 20.  The issuance was divided into four tranches....

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Business & Money | Wednesday 21 October, 2026 9:49 am

Cabinet: FDI growth in 2025 reflects Saudi economy's attractiveness

The Saudi Cabinet, in a session chaired by King Salman bin Abdulaziz in Riyadh today, Oct. 20, said that the 33.5% increase in foreign direct investment in the Kingdom in 2025 compared to a year earlier reflects the Saudi economy's attractiveness and promising future prospects. This reflects...

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