Middle East Business News

Dubais OMNIYAT Raises $500mn In Inaugural Green Sukuk

Ultra-luxury real estate developer enters international debt capital markets for the first time with oversubscribed gre... Read more

Dubai Free Zone Announces 2 New Business Categories

DMCC introduces Special Purpose Vehicle and Holding Company licenses in Dubai Read more

Dubai-based MBS Global To Help Create $8.8bn Financial Hub In Maldives

Maldives International Financial Centre to be a freezone that aims to diversify the country’s tourism-dependent econo... Read more

The Family Office Launches Financial Goal In The UAE, Empowering Investors To Plan And Achieve Long-term Financial Goals Through Tailored Private Market Strategies

The Family Office's Financial Goal tool is the go-to solution for structured, long-term and resilient investment strate... Read more

Kuwait Bans Cryptocurrency Mining

Kuwait has banned cryptocurrency mining and is cracking down on the activity due to strains on electricity network Read more

UAE Tax Rule; May Petrol Prices Revealed; Trump Tower In Dubai; Viral Chocolate Maker Speaks Out – 10 Things You Missed This Week

UAE and Saudi tax updates; Dubai viral chocolate maker interview, May petrol prices revealed, Trump Tower coming to She... Read more

Saudi PIF Prices $1.25bn Sukuk Offering Amid Strong Demand

The Saudi sovereign wealth fund’s dollar-denominated sukuk drew over $9 billion in orders, highlighting strong global... Read more

Mubadala Capital And TWG Global In A Game-changing Partnership

SWF Global says it signals “the evolving relationship between PEs and SWFs”; Mubadala Capital to anchor a $10bn inv... Read more

Saudi Arabia Issues Tax Update

Saudi Arabia urges taxpayers to take advantage of fine waiver before June 30 Read more

Dubai Real Estate: MAG, MultiBank And Mavryk Team Up To Tokenise $3bn Of Luxury Property

Blockchain innovators and Dubai real estate developer sign $3bn property investment tokenisation deal Read more

Saudi Banks To Remain Resilient Despite Rise In External Debt, Says S&P

The global rating agency expects the net external debt position to remain at a manageable level of about 4.1% of total ... Read more

Abu Dhabis Lunate To Acquire Stake In Wealth Management Firm Azura Partners

Azura headquarters to shift to ADGM in Abu Dhabi as part of the deal; New capital will help build AUM, talent, technolo... Read more

Investcorp exits RESA Power In Sale To Kohlberg, Marking First Exit For North American PE Fund

Investcorp aims to replicate RESA’s success globally across its private equity business Read more

Gate Group Secures Dubai VARA License

Gate Group’s Dubai arm is accelerating the expansion of its local team as it prepares for its official launch Read more