Trending News: Oman awards $104 million in infrastructure contracts for Sultan Haitham CityOman and India to launch Comprehensive Economic Partnership Agreement on June 1Miraval The Red Sea set for official opening on May 15Oman Ministry of Agriculture marks International Day of Plant HealthIRGC-linked suspects confess to Bubiyan Island infiltration attemptPresight AI reports 22.2 percent revenue growth for Q1 2026UAE announces official Eid Al Adha holiday dates for public sectorUAE Cabinet adds 16 individuals and 5 entities to official terrorist listKuwaiti foreign currency reserves decline in April reviewKuwait reports 39.2 percent decline in non-oil exports for Q1 2026Qatar condemns maritime infiltration attempt at Bubiyan Island18th National Scientific Research and Innovation Exhibition launched in DohaQatar leadership sends cables of congratulations to UAE PresidentSFDA confirms full laboratory readiness for Hajj food and drug safetySaudi Roads General Authority issues comprehensive guide for land-based pilgrimsBahrain air defenses confirm interception of over 700 hostile targetsHigh Criminal Court in Manama hands life sentences to three for espionageBahrain Interior Ministry dismantles foreign-linked organizationSaudi Aramco announces region’s largest carbon capture facilityQatarEnergy and South Korea sign 20-year LNG supply extensionKuwait Army heightened alert following northern border drone interceptionUAE launches ‘Generative Gov’ AI framework for public servicesOceania Vista docks in Muscat as cruise season winds downOman signs RO 495 million infrastructure deals for Sultan Haitham CityIran approves passage for Qatari LNG tanker ‘Al Kharaitiyat’Tamkeen Bahrain approves liquidity bundle for 7,250 firmsCargo vessel struck by drone northeast of Mesaieed PortUAE condemns drone attacks on Kuwait sovereigntyGCC-Stat: Non-oil sector now drives 78% of nominal GDPDoha takes spotlight as official GCC Tourism Capital 2026Bahrain Ministry of Health updates medical screening protocols for foreign workersBahrain Public Prosecution begins legal proceedings against espionage suspectsBahrain Ministry of Interior arrests 41 suspects linked to IRGC-affiliated cellOman Ministry of Labour issues guidance on midday work ban enforcementOman Ministry of Heritage and Tourism reviews progress on Rawasi complexIranian cargo vessels reportedly targeted near Oman’s Khasab port cityKuwait Ministry of Interior confirms safety of national waters following regional incidentsKuwait Ministry of Finance reports increase in non-oil revenue for Q1 2026Kuwaiti Diving Team removes four tons of plastic waste from Kuwait BayQNB report highlights resilience in US consumer demand despite economic headwindsQatar Prime Minister and Egyptian Foreign Minister discuss de-escalation effortsCarnegie Mellon University in Qatar celebrates graduation of Class of 2026Saudi football clubs Shabab Al Ahli and Al Wahda resume Asian campaign in JeddahSaudi Ministry of Interior activates digital self-deportation service via AbsherSaudi Ministry of Foreign Affairs condemns Iranian targeting of UAE facilitiesUAE joins Arab and Muslim states in condemning Israeli death penalty legislationUAE President and Turkish President discuss regional stability in phone callUAE Ministry of Foreign Affairs condemns terrorist attack in Smara, MoroccoBahrain LMRA updates work permit renewal fee structure for remainder of 2026Oman establishes AI Special Zone in Muscat to drive digital economyKuwait intensifies crackdown on nationality fraud and illegal lineage claimsQatar warns UN of global economic crisis if Strait of Hormuz remains volatileSaudi female labor force participation hits record 34 percent in 2026 reviewUAE’s Ooredoo and du partner to land high-capacity FIG subsea cableBahrain mandates health insurance scheme for all skilled foreign workersOman announces three-month midday work ban for outdoor laborers starting JuneKuwait Interior Ministry issues warning over shrapnel sightings after interceptionsDoha Forum initiative in Milan explores EU-GCC cooperation amid regional tensionsMecca schools transition to online learning ahead of peak Hajj seasonUAE air defenses successfully intercept hostile drone attack over SharjahBahrain enforces new restrictions on converting visit visas to work permitsOman launches $1.4 billion ‘Rawasi’ tourism complex in Muscat HillsKuwait reaffirms commitment to migrant worker rights at UN forum in New YorkQatar Shura Council joins 20th PAM Assembly in Montenegro to discuss regional stabilitySaudi Arabia and Türkiye sign strategic visa accord to boost bilateral travelAbu Dhabi bans delivery bikes from high-speed roads for rider safetyBahrain LMRA clarifies updated bilingual contract requirements for work permitsOman enforces mandatory 2 to 5 percent salary increments for private sector citizensKuwaiti oil price surges to $123.38 per barrel amid supply concernsQatar prioritizes rebuilding LNG infrastructure following regional naval blockadesSaudi Arabia activates digital self-deportation platform for irregular residentsUAE participates in 5th Istanbul International Water ForumBahrain introduces phased hike in work permit and healthcare fees for 2026Omani crude trades at record premiums as it bypasses Strait of HormuzKuwait ramps up anti-money laundering crackdown with hundreds of violations recordedQIB recognized as Best Islamic Bank in Qatar in 2026 IFN pollSaudi Arabia fully implements skill-based work permit classification systemUAE-led initiative secures FAO condemnation of Iranian supply chain disruptionsBahrain mandates immediate deportation for expatriates failing medical examsS&P Global affirms Oman’s BBB- rating with stable outlook for 2026Kuwait Public Works Minister demands faster execution of infrastructure projectsFIATA RAME 2026 Conference opens in Doha to tackle supply chain challengesEmaarEC awards $146 million infrastructure contract for King Abdullah Economic CityUAE Minister holds urgent calls with foreign officials over regional securityBahrain and UK affirm maritime security partnership in high-level talksBahrain extends unused visit visas for three monthsBahrain waives overstay fines for visitors impacted by conflictOman unveils ‘Muscat urban vision’ for future capital growthOman eases job transfers for expats lacking registered contractsOman implements labour ban on expats for over 200 professionsKuwait grants three-month absence permit for stranded residentsKuwait issues major amendments to sovereign citizenship lawsKuwait overhauls expat residency fees and Article 22 conditionsQatar private sector targets 20% nationalization for 2026Qatar announces automatic one-month extension for expired entry visasQatar mandates digital e-contracts to streamline job transfersSaudi Arabia rolls out 5-year physical Muqeem ID cards for residentsHaramain railway increases capacity to 2.2 million for pilgrimage seasonSaudi Arabia: Strict permit-only access for Hajj 2026 confirmedUAE affirms sovereign right to defend vital facilities against aggression
Thu. May 14th, 2026
Trending News: Oman awards $104 million in infrastructure contracts for Sultan Haitham CityOman and India to launch Comprehensive Economic Partnership Agreement on June 1Miraval The Red Sea set for official opening on May 15Oman Ministry of Agriculture marks International Day of Plant HealthIRGC-linked suspects confess to Bubiyan Island infiltration attemptPresight AI reports 22.2 percent revenue growth for Q1 2026UAE announces official Eid Al Adha holiday dates for public sectorUAE Cabinet adds 16 individuals and 5 entities to official terrorist listKuwaiti foreign currency reserves decline in April reviewKuwait reports 39.2 percent decline in non-oil exports for Q1 2026Qatar condemns maritime infiltration attempt at Bubiyan Island18th National Scientific Research and Innovation Exhibition launched in DohaQatar leadership sends cables of congratulations to UAE PresidentSFDA confirms full laboratory readiness for Hajj food and drug safetySaudi Roads General Authority issues comprehensive guide for land-based pilgrimsBahrain air defenses confirm interception of over 700 hostile targetsHigh Criminal Court in Manama hands life sentences to three for espionageBahrain Interior Ministry dismantles foreign-linked organizationSaudi Aramco announces region’s largest carbon capture facilityQatarEnergy and South Korea sign 20-year LNG supply extensionKuwait Army heightened alert following northern border drone interceptionUAE launches ‘Generative Gov’ AI framework for public servicesOceania Vista docks in Muscat as cruise season winds downOman signs RO 495 million infrastructure deals for Sultan Haitham CityIran approves passage for Qatari LNG tanker ‘Al Kharaitiyat’Tamkeen Bahrain approves liquidity bundle for 7,250 firmsCargo vessel struck by drone northeast of Mesaieed PortUAE condemns drone attacks on Kuwait sovereigntyGCC-Stat: Non-oil sector now drives 78% of nominal GDPDoha takes spotlight as official GCC Tourism Capital 2026Bahrain Ministry of Health updates medical screening protocols for foreign workersBahrain Public Prosecution begins legal proceedings against espionage suspectsBahrain Ministry of Interior arrests 41 suspects linked to IRGC-affiliated cellOman Ministry of Labour issues guidance on midday work ban enforcementOman Ministry of Heritage and Tourism reviews progress on Rawasi complexIranian cargo vessels reportedly targeted near Oman’s Khasab port cityKuwait Ministry of Interior confirms safety of national waters following regional incidentsKuwait Ministry of Finance reports increase in non-oil revenue for Q1 2026Kuwaiti Diving Team removes four tons of plastic waste from Kuwait BayQNB report highlights resilience in US consumer demand despite economic headwindsQatar Prime Minister and Egyptian Foreign Minister discuss de-escalation effortsCarnegie Mellon University in Qatar celebrates graduation of Class of 2026Saudi football clubs Shabab Al Ahli and Al Wahda resume Asian campaign in JeddahSaudi Ministry of Interior activates digital self-deportation service via AbsherSaudi Ministry of Foreign Affairs condemns Iranian targeting of UAE facilitiesUAE joins Arab and Muslim states in condemning Israeli death penalty legislationUAE President and Turkish President discuss regional stability in phone callUAE Ministry of Foreign Affairs condemns terrorist attack in Smara, MoroccoBahrain LMRA updates work permit renewal fee structure for remainder of 2026Oman establishes AI Special Zone in Muscat to drive digital economyKuwait intensifies crackdown on nationality fraud and illegal lineage claimsQatar warns UN of global economic crisis if Strait of Hormuz remains volatileSaudi female labor force participation hits record 34 percent in 2026 reviewUAE’s Ooredoo and du partner to land high-capacity FIG subsea cableBahrain mandates health insurance scheme for all skilled foreign workersOman announces three-month midday work ban for outdoor laborers starting JuneKuwait Interior Ministry issues warning over shrapnel sightings after interceptionsDoha Forum initiative in Milan explores EU-GCC cooperation amid regional tensionsMecca schools transition to online learning ahead of peak Hajj seasonUAE air defenses successfully intercept hostile drone attack over SharjahBahrain enforces new restrictions on converting visit visas to work permitsOman launches $1.4 billion ‘Rawasi’ tourism complex in Muscat HillsKuwait reaffirms commitment to migrant worker rights at UN forum in New YorkQatar Shura Council joins 20th PAM Assembly in Montenegro to discuss regional stabilitySaudi Arabia and Türkiye sign strategic visa accord to boost bilateral travelAbu Dhabi bans delivery bikes from high-speed roads for rider safetyBahrain LMRA clarifies updated bilingual contract requirements for work permitsOman enforces mandatory 2 to 5 percent salary increments for private sector citizensKuwaiti oil price surges to $123.38 per barrel amid supply concernsQatar prioritizes rebuilding LNG infrastructure following regional naval blockadesSaudi Arabia activates digital self-deportation platform for irregular residentsUAE participates in 5th Istanbul International Water ForumBahrain introduces phased hike in work permit and healthcare fees for 2026Omani crude trades at record premiums as it bypasses Strait of HormuzKuwait ramps up anti-money laundering crackdown with hundreds of violations recordedQIB recognized as Best Islamic Bank in Qatar in 2026 IFN pollSaudi Arabia fully implements skill-based work permit classification systemUAE-led initiative secures FAO condemnation of Iranian supply chain disruptionsBahrain mandates immediate deportation for expatriates failing medical examsS&P Global affirms Oman’s BBB- rating with stable outlook for 2026Kuwait Public Works Minister demands faster execution of infrastructure projectsFIATA RAME 2026 Conference opens in Doha to tackle supply chain challengesEmaarEC awards $146 million infrastructure contract for King Abdullah Economic CityUAE Minister holds urgent calls with foreign officials over regional securityBahrain and UK affirm maritime security partnership in high-level talksBahrain extends unused visit visas for three monthsBahrain waives overstay fines for visitors impacted by conflictOman unveils ‘Muscat urban vision’ for future capital growthOman eases job transfers for expats lacking registered contractsOman implements labour ban on expats for over 200 professionsKuwait grants three-month absence permit for stranded residentsKuwait issues major amendments to sovereign citizenship lawsKuwait overhauls expat residency fees and Article 22 conditionsQatar private sector targets 20% nationalization for 2026Qatar announces automatic one-month extension for expired entry visasQatar mandates digital e-contracts to streamline job transfersSaudi Arabia rolls out 5-year physical Muqeem ID cards for residentsHaramain railway increases capacity to 2.2 million for pilgrimage seasonSaudi Arabia: Strict permit-only access for Hajj 2026 confirmedUAE affirms sovereign right to defend vital facilities against aggression
Thu. May 14th, 2026

UAE: Banks Federation Approves 2026 Strategy to Bolster Economic Resilience

  • UAE
  • April 27, 2026

The UAE Banks Federation (UBF) has officially approved its 2026 strategy during its Annual General Meeting today, focusing on reinforcing the nation’s status as a premier global financial hub. The strategy highlights the sector’s robust growth, with total assets reaching AED 5.4 trillion and a credit portfolio expansion of 17.9% over the past year. Under the guidance of the Central Bank, the federation aims to further enhance digital integration and financial stability to support the UAE’s long-term strategic economic objectives.

Source: WAM (Emirates News Agency)

    • Awwab

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