Oman’s Banking Sector Gains Momentum as Credit Growth and Profits Climb
Oman’s banks are growing steadily as lending, deposits and listed-company profits improve.
Middle East
Saudi Banks post record monthly profits as corporate lending and digital transactions accelerate
Saudi banking profits reached a record SR9.9 billion in June, helped by lending and digital adoption.
Nestle ousts Schneider, appoints Freixe as replacement
Laurent Freixe named Nestle CEO immediately after Schneider departure triggered by Q1 sales miss.
Disney taps Josh D’Amaro as CEO replacing Bob Iger
Josh D’Amaro succeeds Bob Iger immediately as Disney CEO with Iger serving as executive chairman.
PayPal appoints HP CEO Enrique Lores as new leader
Enrique Lores joins PayPal Q3 2026, replacing interim leadership after Alex Chriss departure.
Dow names COO Karen Carter as next CEO succeeding Fitterling
Karen Carter to lead Dow as CEO from August 1, succeeding retiring Jim Fitterling after six-year tenure.
Misr Reinsurance Brokerage gains Egypt regulatory approval
Misr Re Brokerage launches with FRA licence targeting corporate reinsurance placements.
Hannover Re reports minimal Iran war impact on Q1 results
Hannover Re Q1 group net income hits €1.2 billion as property cat losses contained.
Soter Insure secures DIFC insurance licence in Dubai
Soter Insure gains DIFC MGA licence to offer specialty commercial lines to UAE enterprises.
Orient Insurance reports $93 million Q1 net profit surge
Orient Insurance delivers Dh340.8 million net profit, up 126%, on diversified premium growth.
