Middle East Business News

How UAE Finance Is Redefining Innovation Through Impact

Abu Dhabi-raised entrepreneur and businessman Mahmoud Abu Ebeid swapped construction for code in 2020. Now his software...

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RAKBANK Secures In-principle Approval For AED-backed Stablecoin

In-principle approval from the CBUAE marks a milestone in the bank’s digital assets strategy as it combines blockchai... Read more

Qatar Investment Authority Participates In XAIs $20 Billion Funding Round

Series E funding by the Elon Musk company exceeded its own target of $15bn as it ramps up development of new AI models ... Read more

Abu Dhabis BlueFive Capital Named GP For $4.6bn Chinese Industrial Fund

Appointment positions the Abu Dhabi-based platform at the centre of HBIS and CICC’s cross-border investment strategy ... Read more

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 ... Read more

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