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QNB and Qatar Financial Centre Sign Pact to Speed Up Bank Accounts for QFC Firms and Explore Capital Markets Work

The Qatar Financial Centre will refer newly licensed firms to QNB for corporate account opening, and the two will study cooperation on medium-term note programs, tokenization and financing platforms.

Commercial Bank of Dubai Nine-Month Pre-Tax Profit Rises 4.1% to Record AED2.95 Billion

Commercial Bank of Dubai's net profit before tax rose 4.1% to a record AED2.95 billion in the first nine months of 2026, as loans grew 8.5% and impairment charges fell.

UAE and Singapore Launch Talks on Comprehensive Economic Partnership Agreement

The UAE and Singapore launched negotiations on a Comprehensive Economic Partnership Agreement and concluded memorandums on energy, water and disease vector control during Singapore Prime Minister Lawrence Wong's visit to Abu Dhabi.

Alinma Bank Third-Quarter Profit Holds at SR1.59 Billion as Higher Provisions Offset Financing Growth

Alinma Bank's third-quarter net profit slipped 0.2% to SR1.59 billion, while nine-month profit rose 4% to SR4.86 billion as its financing portfolio grew 12%.

Saudi Awwal Bank Third-Quarter Profit Edges Up 1% to SR2.17 Billion Despite Jump in Credit Provisions

Saudi Awwal Bank, known as SAB, said third-quarter net profit rose 1% to SR2.17 billion as operating income grew and its income tax charge fell, while provisions for expected credit losses rose to SR362 million.

Riyad Bank Third-Quarter Profit Rises 6.6% to SR2.87 Billion as Operating Income Grows

Riyad Bank's third-quarter net profit rose 6.6% from a year earlier to SR2.87 billion as trading, special commission and exchange income grew, offsetting higher costs and provisions.

Dubai Stocks Rise 0.4% on Bank Gains as Abu Dhabi, Kuwait and Saudi Indexes Fall

Dubai's main share index rose 0.43% on Wednesday, lifted by Emirates NBD and Dubai Islamic Bank, while Abu Dhabi, Kuwait and Saudi Arabia closed lower and Qatar rebounded.

Japan’s Takasago Opens Fragrance Creative Centre in Dubai to Serve Middle East Customers

Takasago International, the Tokyo-based fragrance and flavor maker, has opened a Creative Centre with three laboratories in Dubai, expanding a regional presence it set up in 2015.

Mubadala Bio’s IDS to Sell and Distribute More Than 20 GSK Medicines in the UAE Under New Partnership

Mubadala Bio's distribution arm IDS will take over sales, marketing, distribution and promotion of GSK's general medicines portfolio in the UAE, covering more than 20 products.

Saudi Kayan Narrows Third-Quarter Loss to SR94.2 Million as Higher Prices and Provision Reversal Help

Saudi Kayan Petrochemical Company's third-quarter net loss narrowed 72 percent to SR94.2 million as higher selling prices, cost cuts and a provision reversal offset lower volumes.

Aldar and ADIB Launch Co-Branded Visa Cards Paying Up to 10% Back in Darna Loyalty Points

Aldar and Abu Dhabi Islamic Bank have launched two co-branded Visa covered cards that earn Darna loyalty points across Aldar's malls, hotels, schools and property sales.

Saudi Recycler Tadweeer’s Third-Quarter Profit Nearly Triples to SR31.5 Million as Sales Jump 202%

The Saudi recycling company said higher shipping and insurance costs tied to regional tensions limited profit growth despite a surge in sales volumes.
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