Middle East Business News

UAE Targets Islamic Finance And Halal Industry Growth As Bank Deposits Hit $162bn And $86bn Export Target Set

The UAE has launched a bold national strategy to boost Islamic finance and halal industry growth

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IHC Launches AI-native Reinsurance Platform RIQ From Abu Dhabi With $1bn Backing

IHC launches RIQ, a next-gen AI-driven reinsurance platform based in Abu Dhabi’s ADGM, backed by $1bn and supported b... Read more

Qatar Tax Authority Extends Fine Waiver Until August 31

Qatar’s General Tax Authority extends its 100 per cent Financial Penalty Exemption Initiative Read more

OpenAI In Discussions With UAEs MGX, Saudis PIF For Its $40bn Funding

Founder Sam Altman has also approached Mukesh Ambani’s Reliance Industries, reports The Information Read more

Sharjah Islamic Bank Strengthens Capital With New Sukuk

This most recent transaction marks the fifth listing by the Bank on Nasdaq Dubai, raising its total listed value on the... Read more

Worlds First Machine Economy Freezone To Launch In UAE  

Pulsar Group and peaq unveil global first in UAE, setting the stage for decentralised, AI-powered smart cities Read more

Mashreq Launches New Saver Account Offering 6.25% Interest And $1,360 Cashback

Mashreq launches digital savings account with significant returns Read more

Invictus Investment Plans A Third Acquisition In Africa By The End Of 2025

North Africa and key coastal markets will be an area of focus for the company in the near term for the Dubai company th... Read more

EU Removes UAE From High-risk Money-laundering List

EU removes UAE from high-risk money-laundering risk as the country makes efforts to strengthen financial regulations Read more

Qatar Islamic Finance Assets Hit $188bn

Islamic finance assets in Qatar increased by more than  4 per cent last year Read more

Majed Julfar Is Back With Deutsche Bank As Chief Country Officer

Also named Head of Corporate Coverage for the Middle East and Africa region; Was with Etihad Credit Insurance for the l... Read more

Magnet For Hedge Funds, The UAE Could Change The $4.5tr Global Industry

New IG Prime report says Dubai and Abu Dhabi are expected to see the most hedge fund growth, and increase pressure on g... Read more

Emirates NBD Completes Mandatory Acquisition Of Emirates Islamic Bank Shares

The acquisition gives Emirates NBD 100 per cent ownership of Emirates Islamic Bank's entire issued and paid-up share ca... Read more

UAE Shoppers Want 1-click, Biometric Checkouts For Safer Online Payments: Visa

Visa unveils UAE Checkout Friction Report highlighting consumer demand for safe and fast ecommerce experiences Read more

Dubai Grants DIFC Licence For Transamerica Life Bermuda As It Boosts Insurance For HNWI

High-net-worth insurer Transamerica Life Bermuda eyes Dubai expansion after securing DIFC licence Read more