The wire
The UAE's Economic Integration Committee advanced a sweeping regulatory package covering AI-powered oversight, AML controls, and non-bank finance leasing, signalling continued tightening of the country's financial governance framework. On the banking front, major GCC lenders posted strong Q2 profits — including ADCB (+34%), FAB (+4%), and Saudi Arabia's Al Rajhi (+14%) — while HSBC went live with its tokenised deposit service in the UAE. Gulf sovereign credit spreads tightened sharply in Q2 after a volatile Q1, reflecting improved investor sentiment across all GCC markets.
Top stories
Economy Middle East
UAE advances AI regulation, AML controls and non-bank finance leasing rules
The UAE's Economic Integration Committee reviewed measures to strengthen corporate governance, AML law, and regulation of finance leasing outside the Central Bank's perimeter.
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Al-Monitor
ADCB, FAB and Al Rajhi post Q2 profit gains; Gulf bank earnings in focus
ADCB reported a 34% annual rise in Q2 net profit to AED 3.37bn, FAB rose 4% to AED 5.72bn, and Saudi Arabia's Al Rajhi Bank jumped 14% to SAR 7.01bn.
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Kuwait Times
GCC sovereign CDS spreads tighten sharply in Q2 2026, Qatar leads reversal
GCC 5-year sovereign CDS spreads tightened across all markets in Q2 2026, with Qatar recording the largest decline of 45.74% from March levels.
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