Zawya

The #Islamicfinance sector’s growth is expected to cool this year to between 5% and 10%, down from 10.2% in 2025, as the Middle East conflict drags on and impacts sukuk issuance lseg.group/49svuIC

Abu Dhabi sovereign investor #Mubadala is investing $325 million in the world’s largest offshore wind farm, Orsted’s Hornsea 3 project located off the Norfolk coast in the UK lseg.group/4wq0GSA

#ADNOCGas plc and its subsidiaries have reported a net income of $1.1 billion for Q1 2026, highlighting strong operational performance and robust #financial health lseg.group/4wqv1AB

Saudi Arabia’s #retail heavyweight, Jarir Marketing, posted a double-digit growth in net profit for the first quarter of the year on the back of strong sales lseg.group/3Pcc97O

The New York Stock Exchange-listed The #WaltDisneyCompany has confirmed that plans for a theme park resort in Abu Dhabi remain unchanged lseg.group/4dCgydk

#EtihadRail, the developer and operator of #UAE's national #railway network, has announced that final preparations are under way on both its freight and passenger rail projects, as well as the company’s strategic plans for the coming years lseg.group/4uh7two

Investment Corporation of Dubai, the primary #investment arm of the Dubai government, has transferred its entire stake in #EmaarProperties to a wholly-owned subsidiary of Dubai Holding lseg.group/4u6Sbu8

Oman-based Mawarid Mining LLC, a subsidiary of the Mohammed Al Barwani Group, has secured a 64 million rial ($166 million) Shariah-complaint facility to develop the sultanate’s first underground copper mining project lseg.group/4njUDuZ

Jamjoom Pharmaceutical Factory said its Algerian joint venture, Jamjoom Algeria Lil Dawa, has obtained SAR 110.7 million ($29.5 million) in short-term loan and letter of credit facilities from Societe Generale Algeria and Al Baraka Bank Algeria lseg.group/4uH3J7n

Abu Dhabi’s sovereign wealth fund #Mubadala Investment Company has increased its shareholding in #AldarProperties, raising its ownership from 26.26% to 27.01% of the developer’s issued share capital lseg.group/42XFoOL

#Egypt mulls temporary listing of two state-owned textile #trading firms lseg.group/3P2CvJj

The Islamic Development Bank (IsDB) has priced its $1 billion five-year dollar benchmark sukuk at par, with a secured #financing overnight rate (SOFR) at Midswap 52bps over US Treasuries. IPTs were in the SOFR MS +55bps area lseg.group/4uvQciU

Global asset managers flock to Abu Dhabi despite #Iranwar risk lseg.group/3ONvz2I

#WATCH: Oman Investment Authority (OIA), the sovereignwealth fund of the sultanate, has invested in #ElonMusk’s brain chip firm #Neuralink lseg.group/42ShrZ5

The Islamic Development Bank (IsDB), rated AAA by Moody’s/ S&P /Fitch (each with stable outlook), has mandated a five-year USD benchmark #sukuk, with a secured overnight #financing rate (SOFR) at Mid-swap +55bps area lseg.group/3Pc4AOd

The UAE’s First Abu Dhabi Bank (FAB), rated Aa3 by Moody’s and AA- by Fitch and S&P (all with a stable outlook), has mandated a dollar-denominated five-year benchmark #sukuk with IPTs in the 115bps area over US Treasuries lseg.group/4uzOfCc

The International Islamic Liquidity Management Corporation (IILM) has raised a total of $1.475 billion from its latest #sukuk offering, the largest single issuance in over a decade lseg.group/3OZORSu

#WATCH: Gulf #markets broadly recovered in April on the back of a temporary easing of tensions in the region following a ceasefire agreement and the reopening of the #StraitofHormuz lseg.group/4tdv3ZK

Global asset manager Capital Group will set up its first office in the Middle East later this year, in the UAE’s Abu Dhabi Global Market (#ADGM) lseg.group/4ncJpIH

The UAE's non-oil private sector expanded at its slowest pace since February 2021 in April as ​the #Iranwar hammered ⁠shipping and tourism, hitting sales and exports alike, a survey showed lseg.group/4d49AMG