Middle East Business News

Race For Private Markets Firms To Establish UAE Office Gets Hotter

EQT, Eurazeo, Pollen Street, Baron Capital and Silver Point – with collective AUM of over $700bn – expanding in Abu...

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Qatar Tax Authority Exempts $247m In Penalties For 4,000 Companies

Qatar announces success of tax penalty exemptions Read more

ADIA Reportedly Eyeing 30% Stake Acquisition In Aggreko

Bloomberg reports that KKR and CVC Capital Partners also interested in a deal that could value the Glasgow-based compan... Read more

Dubai Taxis Now Accept American Express Payments

The taxi companies included in the agreement are National Taxi, Arabia Taxi, Kabi Taxi, Dubai Taxi Corporation, and Met... Read more

Saudis ACWA Powers $1.9bn Rights Issue Approved By Shareholders

Company earmarks nearly $1.59bn for financing current and future projects and up to $380mn for mergers and acquisitions Read more

Abu Dhabi SME Champions Program Delivers $183m In Deals, Boosts Procurement Opportunities

Khalifa Fund’s SME Champions Program enabled 652 deals worth $183m by 2024, with registered companies nearly tripling... Read more

UAE Central Bank Slaps $1.6mn Fine On Foreign Bank Branch For AML Violations

The CBUAE stated it endeavours to ensure all banks and their staff abide by UAE laws, regulations and standards through... Read more

Middle East Investors Should Pivot To Emerging Markets And Gold Amid Weak Dollar: Standard Chartered

Standard Chartered urges Middle East investors to rebalance portfolios amid global volatility Read more

Kuwait Introduces Tax Rules, Expects $820m In Revenue

Kuwait issues new multinational tax regulations and expects $820m in annual revenue Read more

Crypto In 2025: Buy, Wait Or Exit?

With Bitcoin touching new heights over $110,000 in June 2025, the question among crypto investors is whether this repre... Read more

Saudi Arabia Extends Cancellation Of Fines And Exemption Of Penalties By 6 Months

Minister of Finance approves the extension to taxpayers under all Saudi tax laws, starting July 1 this year until 31 De... Read more

Saudi Arabia Banking Sector Shows Strong Start To 2025 With Improved Profitability

The kingdom's economy is expected to grow by 3.6% year-on-year in 2025, with non-oil activities contributing significan... Read more

Al Ansari Exchange Launches New Digital Prepaid Cards Via UAE Mobile App

Al Ansari Exchange now offers instant digital versions of its TravelCard and FlexiblePay cards to customers Read more

UAE Raises $300m In June 2025 Islamic T-Sukuk Auction, Oversubscribed 5.6 Times

UAE completes $300m Islamic T-Sukuk auction with 5.6x oversubscription, strong investor confidence Read more

UAEs Mashreq Inaugurates A Representative Office In Turkiye

It’s the 15th country globally where Mashreq has operational presence Read more