Sharjah Islamic Bank’s Profit Rises 9% to AED 1.2 Billion as Growth Slows and Impairments Climb
Operating income rose faster than profit as costs grew 17% and impairment charges more than tripled, while financing grew almost 19% this year.
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Fintech reporting from Middle East. Stories across banking, payments, infrastructure, capital and policy that touch this region.
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IBM says early results show up to 70% less time spent on integration design and troubleshooting, on a platform handling 650 transactions a second.
16 OCT 2026
Fourteen months after in-principle approval, Ant has two full licences from the Central Bank of the UAE, but no launch date for either business.
15 OCT 2026
VARA's register shows Rain's Dubai arm was licensed on 5 October, a day before Kraken's parent, and eight days before Rain announced it.
15 OCT 2026
The telecoms group's wallet will become part of barq, which says the deal is about Beyon Money's regulatory licences. No terms were disclosed.
14 OCT 2026
The bank's DFSA-regulated DIFC branch now offers RLUSD custody, and a planned link would let clients trade on LMAX without moving the tokens.
14 OCT 2026
Startups raised $1.65 billion, double the second quarter, with three Saudi fintech deals accounting for nearly half of it.
14 OCT 2026
VARA's register shows Kraken's parent was licensed on 6 October, a week before the announcement and after preliminary approval in May.
13 OCT 2026
Qatar Central Bank (QCB) and Euroclear are setting up a settlement link that will let international investors buy and hold Qatari riyal government bonds and sukuk through Euroclear Bank, the two announced on 5 October.
7 OCT 2026
GCC-Stat data show outward remittances rose 13.6%, with the UAE the largest sender as payment links to India and other corridors are still being built.
7 OCT 2026
The regulator has told auditors what they must check on client crypto holdings, and signed an intelligence-sharing deal with the UAE's financial intelligence unit.
7 OCT 2026
The Arcapita and DgPays-backed merchant acquirer is buying control of the payments arm of e-commerce group noon. The price has not been disclosed.
7 OCT 2026
It is the third global bank tokenised-deposit move in the UAE in ten days, and the only one so far to move dirhams.
7 OCT 2026