Middle East Business News

Saudi Arabia Opens Capital Market Fully To Foreign Investors From February 2026

Saudi Arabia will open capital market to foreign investors from February 2026, scrapping QFI rules to boost liquidity ...

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Oman Approves Global Financial Centre To Boost Investment, Banking And Economic Diversification

Oman approves establishment of Oman Global Financial Centre to attract investment, strengthen banking and support econo... Read more

Dubai Targets 90 Per Cent Cashless Transactions By 2026 Under New DFZ-DOF Agreement

Dubai steps up cashless ambitions as Department of Finance and Free Zones Council sign deal to advance digital payments... Read more

Saudi Arabia Warns Of Penalties For Late Withholding Tax Filings

Saudi Arabia’s ZATCA calls on businesses to submit December 2025 withholding tax filings by January 11 to avoid payme... Read more

Egypt To Offer $3.99bn In Treasury Bills And Bonds This Week

The Ministry of Finance plans eight debt tenders, including short-term treasury bills and longer-term bonds, as part of... Read more

Oman Banking Sector Sees Loan, Liquidity Growth As Rates Ease

Total lending rose to US$90.33 billion by October 2025, supported by higher deposits and stable monetary conditions The... Read more

UAE Takes Over The Presidency Of MENA Financial Action Task Force

“Our collective efforts should contribute meaningfully to the global fight against financial crime,” says new Presi... Read more

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 more

Saudi 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