Kuwait Settles KD15.37m In Debts For Over 2,600 Citizens
The third National Campaign for Debtors has concluded after clearing thousands of cases, easing legal and financial bur...
Read MoreSaudi Arabia Extends Tax Penalty Waiver For Six Months
The Saudi Zakat, Tax and Customs Authority (ZATCA) urged taxpayers to take advantage of the initiative before the new d... Read more
New UAE Decree Laws Give Sweeping Powers To Capital Market Authority
The laws will modernise the regulatory framework governing the financial sector, enhance its stability and competitiven... Read more
Saudi Social Development Bank Finances 100,000 Beneficiaries In 2025 With $2.1 In Lending
Saudi Arabia’s Social Development Bank reached 100,000 beneficiaries in 2025, deploying $2.1bn in financing The post... Read more
Bank Of Palestine Receives ADGM Approval For Full Banking License
Hashim Shawa, Chairman of Bank of Palestine Group, calls the ADGM approval “a historic milestone” for the bank The ... Read more
UAE To Introduce Sugar Tax On Sweetened Drinks From January 2026
UAE will apply a new tiered Excise Tax on sweetened drinks from January 2026, linking tax per litre to sugar and sweete... Read more
UAE Tax Authority Introduces New Pricing Agreement Fees From January 2026, Scraps Paper Certificates
UAE FTA announces Advance Pricing Agreement fees effective January 2026 and cancels paper tax certificates in favour of... Read more
Saudi Central Bank Bans Promissory Notes For Credit Card Financing
The central bank has ordered banks and finance companies to cancel existing notes and halt the practice for new credit ... Read more
TAQAs Critical Al Dhafra Plant For AI Data Centre Achieves Financial Closure
The 1GW Al Dhafra Power Plant, which advances the UAE’s Artificial Intelligence Strategy 2031, will cost approximatel... Read more
Abu Dhabi Finance Week 2025 Attracts $62tn In Assets And 35,000 Global Leaders
Abu Dhabi Finance Week 2025 attracted $62tn in assets, 35,000 attendees and landmark deals, reinforcing UAE’s finance... Read more
SAMA Orders Banks To Offer 25 Core Services Free Of Charge
Banks and e-money institutions must waive fees on accounts, cards, transfers and mortgage releases to boost customer pr... Read more
Egypt Cuts Bank Rates By 100 Basis Points As Inflation Cools Further
Central bank expects real GDP growth around 5.0%; Annual average inflation projected at 14.0% for 2025, down from 28.3%... Read more
Saudi Arabia Speeds Up Banking With New E-cheque System
The Saudi Central Bank has introduced an electronic cheque clearing service, allowing cheques to be cleared within one ... Read more
Saudi Tax Authority Warns Of Penalties For Late VAT Filing By Large Businesses
Saudi Arabia’s ZATCA urges VAT-registered firms with revenues above $10.7m to file returns by December 31 to avoid pe... Read more
Abu Dhabi Cements Global Finance Ambitions As ADGM Adds Institutions Managing Over $9tn In Assets
ADGM enters second decade with 11 new global institutions managing $9tn in assets, reinforcing Abu Dhabi’s rise as fi... Read more