Middle East Business News

Saudi Arabia Warns Businesses To File Excise Tax Returns By July 15 To Avoid Fines

ZATCA urges Saudi excise taxpayers to file May–June 2025 returns by July 15 to avoid penalties

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Abu Dhabis Lunate Adds HSBC As Its First International Authorised Participant For ETFs

The appointment will enhance liquidity and trading accessibility for public investors in Lunate’s range of UCITS and ... Read more

Amazon Payment Services Partners With Tamara BNPL To Expand UAE, Saudi Arabia Market

The partnership responds to rising demand for flexible payment options in both the UAE and Saudi Arabia Read more

Dubais DIB Helps Arrange $1 Billion Sovereign Financing For Pakistan

The Dubai bank was the sole Islamic global coordinator and worked with Standard Chartered as Joint Mandated Lead Arrang... Read more

Al Seer Marine Secures $207mn Loan From ADCB To Accelerate Expansion

The facility, on an 8-year term, strengthens Al Seer’s capital structure to support diversified fleet growth and stra... Read more

Abu Dhabi Islamic Bank Mobilises $4.63bn In Sustainable Finance, Leads Region In Green Sukuk

Abu Dhabi Islamic Bank first in the region to set 2030 financed emissions reduction targets across six high-impact sect... Read more

UAE Central Bank Fines Exchange Houses $1.12m For Anti-money Laundering Violations

CBUAE fines exchange houses over anti-money laundering violations Read more

Qatar Refers 13 Companies To Prosecution Over Tax Evasion In H1 2025

Qatar authorities clamping down on tax evasion with legal proceedings Read more

UAE GPSSA Introduces Daily Penalties For Late GCC National Pension Contributions

GPSSA will begin implementing penalties on employers who delay payment of due contributions for their GCC national empl... Read more

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... Read more

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