Saudi Arabia’s banking sector continued to post record profits in the first nine months of 2026, driven by lending growth, strong credit demand and expanding economic activity.
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Markets dislike surprises, and the first half of October brought plenty. Between Oct. 6 and Oct. 12, Houthi missiles and drones struck three Saudi airports, including King Khalid International in Riyadh, the home base of Riyadh Air.
Saudi Awwal Bank has signed a memorandum of understanding with Playbook to advance collaboration in women’s entrepreneurship, knowledge sharing and financial services innovation.
The Dubai Financial Services Authority (DFSA), the independent regulatory agency that oversees financial services in the Dubai International Financial Centre, has fined the Middle East unit of rating agency Moody’s for data-breach cases.
First Abu Dhabi Bank has set aside additional funds to cover potential loan losses arising from the Iran war, despite reporting higher profits and continued lending growth.
