Dubai-based Mashreq Bank has injected USD 125 million into its Hong Kong arm to expand cross-border financial services for Chinese firms and Middle Eastern investors. Concurrently, Chinese EV giant BYD is accelerating GCC capital investment in partnership with Al-Futtaim, operating 10 regional showrooms across the UAE and Saudi Arabia.
The UAE Ministry of Human Resources and Emiratisation, alongside the Central Bank of the UAE and Al Etihad Payments, expanded the upgraded Wage Protection System. Seven additional financial institutions joined the network, bringing the total to 17 partner institutions offering paperless payroll via secure APIs.
First Abu Dhabi Bank (FAB), the largest lender by assets in the UAE, reported a 6% year-on-year increase in third-quarter net profit to AED 5.74 billion ($1.56 billion). The bank's performance was supported by sustained expansion in net interest income and lending activity. For the first nine months of the year, net profit reached AED 16.50 billion, up 3% from the prior year.
The 12th World Green Economy Summit in Dubai reported that outstanding GCC green sukuk and bonds have reached $73 billion. GCC issuers accounted for approximately 40 percent of emerging market US-dollar ESG debt outside China during the first nine months of 2026. Multilateral experts highlighted the UAE's capital reserves and policy frameworks for advancing green hydrogen exports and heavy industry decarbonisation.
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