Middle East Business News

UAE Announces New Tax Rule

The UAE has announced a new waiver for tax fines in the country

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First Abu Dhabi Bank Powers Ahead With Record Q1 Numbers

Total income up 11 per cent to $2.4bn as net profit rises 23% to $1.4bn and profit before tax reaches $1.67bn; Total as... Read more

UAE To Launch Dirham-backed Stablecoin

Dirham-backed stablecoin launched in the UAE will enable simple digital payments Read more

Saudi Non-oil Exports Passed $137bn Last Year

Saudi Arabia recorded record non-oil exports in 2024 as national economy diversifies Read more

Crypto Market: Retail Participation In The Sector Predicted To See A Major Boost In Bitcoin As A Result Of Trumps IRS Overturned

Bitcoin prices shot up in early trading hours on Monday, April 28, to cross the $94,000 mark, touching $94,083 briefly,... Read more

Emicool Secures First-ever Green Financing To Boost Sustainable Growth

The liquidity generated will be strategically deployed to accelerate the company’s district cooling projects across t... Read more

UAEs Ruya Becomes First Global Islamic Bank To Offer Shariah-compliant Crypto Trading

Digital Islamic bank ruya teams up with Fuze to offer secure, ethical crypto investments aligned with Islamic financial... Read more

Startups In Abu Dhabis Hub71 Secured $2.17bn In Funding Last Year

Hub71 startups in Abu Dhabi saw massive increase in funding in 2024 as innovation economy thrives Read more

UAE Fintech Pay10 First To Launch On Central Banks Open Finance Framework

The company has acknowledged the Central Bank of the UAE's crucial role in facilitating a responsible and secure rollou... Read more

PayPal Expands In MEA Region With Its Newly Launched Hub In Dubai

Will serve 80 countries in Middle East and Africa from its Dubai Internet City hub; Has signed several deals with regio... Read more

New Board Certifies DMCC Tradeflow As Fully Shariah Compliant

Shariah Supervisory Board appointed to oversee Tradeflow’s Islamic finance offering; Certified fully-compliant with A... Read more

Google-backed AI Firm NeurochainAI Teams Up With W Chain For Smart Payment Solutions

W Chain and NeurochainAI will combine forces to offer smart global payment tools, with real-time fee adjustment and fra... Read more

Al Ansari Exchange Renews Strategic Partnership With Visa

Promises to unlock new opportunities and deliver significant value across the financial services ecosystem and accelera... Read more

ACWA Power Secures $200mn Loan For Its New HQ In Riyadh

The new sustainable building will meet the highest standards of green building and incorporate various Net Zero require... Read more

UAE Fintech Market To Reach $6.43bn By 2030

UAE fintech sector to hit $3.56bn this year and set for significant growth over five years Read more