Financial

Kuwait’s broad money supply rose 0.2% in September from August to KD42.8 billion (about $141.2 billion), while financing for imports jumped 26.4%, central bank data showed.

United Arab Bank said net profit for the first nine months of 2026 rose 6% to AED333 million, as operating income grew 12% and the settlement of bad loans cut its non-performing loan ratio to 0.5%.

Apollo will take a minority equity stake in Mubadala Capital, the alternative asset management arm of Abu Dhabi's Mubadala Investment Company, with Apollo and other new shareholders expected to commit $5 billion to its strategies at initial close.

The Dubai Financial Services Authority fined Gary Joseph Peters $210,000 for giving false and misleading information to investigators and failing to produce documents, and barred him from financial services in the DIFC.

Emirates Central Cooling Systems Corp. (Empower) said its board approved new unsecured conventional and Islamic financing facilities of up to AED5.5 billion.

Abu Dhabi National Energy Company has priced a $1.75 billion bond in two tranches, with an orderbook more than three times oversubscribed.

Qatar International Islamic Bank's net profit rose 1.5% to QR1.115 billion in the first nine months of 2026, while third-quarter profit fell 1.88% to QR401.2 million.

Loans and advances at the 10 banks listed on the Saudi Exchange's main market reached SR3.31 trillion at the end of September, up 6.37% from a year earlier, according to a Mubasher tally.

Combined net profit at the seven banks listed on the Muscat Stock Exchange rose to OMR455 million in the first nine months of 2026, from OMR420.6 million a year earlier.

Brookfield has opened an office in Doha focused on its global credit platform, including Oaktree, as it seeks to expand investment in Qatar and the wider Gulf.

National Bank of Bahrain Group said it executed Bahrain's first sustainable collateralized murabaha, a Sharia-compliant financing valued at more than $50 million.

Kuwait International Bank's nine-month net profit rose 30% to KWD26.6 million, with third-quarter profit up 62% to about KWD9 million as fee income and financing grew.