Business

Dukhan Bank reports QR1.19bn net profit for first nine months of 2026

Dukhan Bank has reported a net profit of QR1.19 billion for the first nine months of 2026, reflecting a slight increase of 0.1% compared to the same period last year. The bank's total assets rose to QR126.8 billion, marking a…

Elite Agro Holding announces Dhs660 million in agricultural investments across UAE, Morocco, and Mauritania

Elite Agro Holding (EAG) has announced a substantial investment of Dhs660 million aimed at enhancing agricultural production across the UAE, Morocco, and Mauritania. This initiative, unveiled during Global Food Week 2026 at the Abu Dhabi National Exhibition Centre, will cover…

Middle East and Africa banks’ market cap rises to $720.3 billion in Q3 2026

The market capitalization of banks in the Middle East and Africa surged to $720.32 billion by the end of September 2026, according to data from S&P Global Market Intelligence. This marks an increase from $700.95 billion just three months prior,…

DP World secures 10-year concession extension for Luanda port until 2051

DP World has secured a 10-year extension for its concession to operate the multi-purpose container terminal at the Port of Luanda, Angola, extending the agreement until 2051. This development is part of the company's strategy to enhance its investments in…

Fitch affirms Ras Al Khaimah’s A+ rating and revises 2026 growth forecast to 1.5%

Fitch Ratings has affirmed Ras Al Khaimah’s long-term credit rating at A+ and revised its economic growth forecast for 2026 to 1.5%, a notable shift from an earlier projection of a 1.8% contraction. This adjustment reflects stronger-than-expected economic resilience in…

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