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 MoreSaudi 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
ADQ Secures $5bn Debut Syndicated Loan In Greater China
ADQ closes its debut $5bn five-year syndicated financing in Greater China after demand topped $12bn, marking regional m... Read more
CBD Becomes First UAE Bank To Activate Open Finance For Customers
This has been done under the oversight of the Central Bank of the UAE, and in collaboration with licensed third-party p... Read more
Mashreq Ends Year With Successful $2bn Placement Of Syndicated Loan
The loan is the largest funding transaction in the history of Mashreq; It’s also the bank’s first syndicated loan i... Read more
UAE Central Bank Shuts Down Omda Exchange, Slaps $2.7m Penalty
The UAE Central Bank has revoked Omda Exchange’s licence, removed it from the register and imposed a $2.7m penalty Th... Read more
Saudi Central Bank Issues New Fees Guide For Financial Institutions
Updated framework replaces existing Banking Tariff and introduces lower caps on selected service charges The post Saudi... Read more
Saudi Arabias SAMA Issues Updated Regulation For Finance Companies
Revised rules cover licensing requirements, aggregate financing limits and related-party provisions The post Saudi Arab... Read more