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  • Emirates NBD

UAE’s First Transition Finance Framework by Emirates NBD Opens New Funding Route for Carbon-Heavy Industries

UAE’s first transition finance framework has arrived, and it changes how carbon-heavy companies in the country can access funding for their shift

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Yalla payment services approval
  • Digital Payments

The Yalla payment services approval moves a growing fintech one step closer to serving customers across the UAE. On Monday, Yalla Financial Solutions said the Central Bank of the UAE (CBUAE) had granted it an In-Principle Approval for a Retail Payment Services Category II License. The nod falls under the CBUAE Retail Payment Services and Card Schemes Regulation. This is not the final license yet. It signals the company has cleared an early, serious gate.

What the Yalla payment services approval means for you

For anyone who taps a phone to pay for coffee or sends money home at the end of the month, licensing like this matters more than it sounds. A Category II License lets a firm handle regulated payment activity under close supervision. Behind the paperwork sits a simple promise. Your money should move safely, and someone should answer for it if something goes wrong.

The Yalla payment services approval signals that the company met the CBUAE’s early conditions. Full authorisation still depends on finishing the remaining requirements. Once that happens, Yalla can build out its payment capabilities inside one of the most active digital finance markets anywhere.

A milestone in Yalla’s journey

Waleed Sadek, CEO and Founder of Yalla Financial Solutions, framed the moment plainly. He said receiving the In-Principle Approval reflects the company’s commitment to building trusted, secure, and innovative payment infrastructure in one of the world’s most advanced digital economies. Sadek added that the UAE has become a global hub for financial innovation through a forward-looking regulatory environment and a clear vision for digital transformation.

“We are proud to be part of this journey and look forward to working closely with the Central Bank of the UAE to complete the remaining regulatory requirements and obtain the final Retail Payment Services Category II License,” Sadek said.

Why the timing fits

The Yalla payment services approval lands as the country pushes hard toward cashless living. Dubai’s Cashless Strategy targets 90 percent of transactions going digital, according to Digital Dubai, and analysts at Mordor Intelligence value the UAE fintech market at about 52 billion dollars in 2026. Numbers like these describe a shift you can feel at the checkout counter, in the taxi, at the corner shop.

More UAE digital payments flow through licensed players each year. That growth pulls in global names and homegrown firms alike. Earlier this year, Revolut secured its own In-Principle Approval for the same Category II license, a sign of how crowded and serious this space has become.

What comes next for Yalla

The road from In-Principle Approval to a live service runs through compliance, testing, and final sign-off. As a payment service provider, Yalla must satisfy the CBUAE on safeguards for customer funds, risk controls, and reporting. None of that is quick. All of it protects the person on the other side of the transaction.

The Yalla payment services approval is a beginning, not a finish line. If the company clears the final steps, everyday users could gain another trusted way to pay, send, and receive. For a market racing toward a cashless future, one more supervised option is welcome news.

  • 3 min read
Emirati investors in Sharjah
  • Real Estate

The department’s specialised report placed UAE nationals at the top of every investor segment. Their AED14.9 billion covered 22,599 properties held by 9,655 investors. That share came to 50.6 percent of the total, a figure that frames the rest of the data. Sharjah real estate transactions H1 2026 reached AED29.5 billion across all buyers.

The department linked the result to confidence in the emirate’s investment environment. It pointed to advanced legislation, sustainable urban development and quality projects as the drivers. Each factor, the report said, adds to the emirate’s competitiveness.

Sharjah’s real estate market drew a wide investor base this year, and Emirati buyers set the pace on both value and volume.

Women’s share of the market

The report gave close attention to Emirati women in the property market. Male investors accounted for 72 percent of traded properties. Women held the other 28 percent.

Ownership distribution told a similar story. Emirati male owners made up 59.3 percent of sales transactions, against 40.7 percent for female owners. On value, men accounted for 75.3 percent of total sales transaction value and women 24.7 percent. The department read these figures as a sign of the growing economic role of Emirati women and their weight as partners in investment and development.

How the age groups compare

The report broke investment activity into three age bands. Among nationals aged 35 and under, men held 65.5 percent of traded properties and women 34.5 percent. Ownership split 57 percent to 43 percent, while sales value ran 72.5 percent to 27.5 percent.

For the 36 to 53 band, men accounted for 71.2 percent of traded properties and women 28.8 percent. Ownership reached 58.2 percent for men and 41.8 percent for women. Sales value stood at 73.3 percent to 26.7 percent. Among investors aged 54 and above, men held 77.6 percent of traded properties and women 22.4 percent. Ownership reached 64.3 percent to 35.7 percent, and sales value 78 percent to 22 percent. The pattern points to stronger female participation at younger ages.

What officials said

Abdulaziz Ahmed Al-Shamsi, Director-General of the Sharjah Real Estate Registration Department, said the UAE Investor Report results reflect the success of the emirate’s development approach and the strength of its market. He tied the achievements to the vision of His Highness Sheikh Dr. Sultan bin Muhammad Al Qasimi, Supreme Council Member and Ruler of Sharjah, and the follow-up of H.H. Sheikh Sultan bin Muhammad bin Sultan Al Qasimi, Crown Prince and Deputy Ruler.

Al-Shamsi said the report’s meaning goes beyond investment volumes to the wider participation of young people and women. Emirati investors in Sharjah, he added, continue to find opportunities that reinforce the emirate’s standing as a destination for sustainable property investment. UAE nationals’ property investment across Sharjah, backed by the Sharjah Real Estate Registration Department, keeps drawing steady interest. For anyone tracking Sharjah property investment, the H1 figures set a clear marker on where the demand sits.

  • 3 min read
Kuwait $6 billion bond sale
  • Kuwait

The Kuwait $6 billion bond sale closed this week with an order book the finance ministry calls one of the largest for a multi-tranche sovereign deal in 2026. Three tranches went out. Investors took $3 billion in three-year paper, $1.5 billion in five-year notes and $1.5 billion at 10 years. Final spreads landed at 70, 75 and 85 basis points over US Treasuries. It was the country’s first international issuance since October last year.

Pricing tells you more here than the headline number does. Kuwait tightened 25 basis points across all three tranches from its opening levels, according to a person familiar with the deal cited by Bloomberg. Buyers do not give up that much yield to a borrower they distrust.

Demand for the Kuwait $6 billion bond sale came in two versions. The finance ministry put total orders above $18 billion, more than three times the issue size. Bloomberg reported books near $14.8 billion at final terms. Peak interest and final interest are different numbers, and both can be accurate.

Who bought the Kuwait $6 billion bond sale?

American accounts took 48 percent of the allocation. The UK and Europe followed with 28 percent, then the Middle East and North Africa at 16 percent. Asia took 4 percent, and other international markets took the rest. Finance minister Yaqoub Al-Refaei said the result shows investor confidence in Kuwait’s credit position and financial standing.

The short end did the heavy lifting. Half the total sat in the three-year tranche, which points to buyers who want yield without long duration risk. Five- and 10-year paper gives other Kuwaiti borrowers a benchmark to price against.

Geography matters more than usual on this one. JPMorgan reclassified Kuwait as a developed market in February 2025 and removed it from its emerging market bond index. That move stripped out index-driven demand the country once attracted by default. Pulling almost half the book from the Americas without that support is a real result for a Kuwait sovereign bond issuance.

War risk barely moved the price

Iranian attacks have hit US military assets in Kuwait and Bahrain in recent weeks. Fixed income desks priced the three-tranche bond sale anyway. Gulf sovereign bonds already went through this test once, falling to lows in mid-March before climbing back through late April. Traders have a reference point now, and they used it.

Why Kuwait keeps borrowing

The arithmetic is plain. Kuwait’s 2026-27 budget forecasts revenue of KD16.3 billion against spending of KD26.1 billion. That leaves a Kuwait budget deficit of KD9.8 billion, up from KD6.3 billion the year before. Oil was expected to supply close to 80 percent of budgeted revenue, so disruption around Hormuz cuts straight into the top line.

Access came back through legislation. The Kuwait public debt law, approved in March 2025, set the borrowing ceiling at KD30 billion, roughly $97.4 billion, and allowed maturities out to 50 years. Political gridlock had kept the country out of the sovereign market for eight years before that. Since the law passed, Kuwait raised $11.25 billion in October 2025 and another $2 billion in May.

Kuwait is building a yield curve, and curves need repeat business. Each deal hands domestic banks and corporate borrowers a pricing reference they did not have. I read the Kuwait $6 billion bond sale as a curve-building exercise first and a cash-raising one second. The deficit is real. So is the sovereign wealth sitting behind it. What global investors bought this week was the legal framework and the balance sheet, not the news cycle.

  • 3 min read
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