Middle East Business News

Abu Dhabis ADQ To Partner US Government In $1.8bn Critical Minerals Project

As China tightens control, Orion Critical Mineral Consortium to focus on bolstering access to lithium, rare earths and ... Read more

Binance Boss CZ Grateful To Trump After Receiving Presidential Pardon

Zhao was “prosecuted by the Biden administration in their war on cryptocurrency”, says Karoline Leavitt, the White ... Read more

Saudi VAT: ZATCA Calls For Businesses To File Returns Or Face Fines

Saudi Arabia’s ZATCA reminds VAT-registered firms to submit returns by October 31 via website or app, or face fines o... Read more

Saudi Venture Capital To Increase Allocation To Private Credit Funds

Saudi Venture Capital will allocate half of its investments to private credit and equity, up from about a third last ye... Read more

Goldman Scales Regional Offering With Onshore Private Banking Services In KSA

The firm will work in partnership with its Asset Management and Global Banking and Markets businesses in the region The... Read more

IHC Acquires Majority Stake In Pakistans First Women Bank Limited

It’s the first privatisation of a bank in the country under a G2G framework and strengthens the UAE–Pakistan econom... Read more

UAE Ombudsman Sanadak Slashes Financial Complaint Resolution Time To 15 Working Days

Sanadak, the UAE financial ombudsman, cuts complaint resolution time from 30 to 15 working days to boost consumer trust... Read more

Dubais DIFC Surpasses 8,000 Companies As Banking Assets Triple To $240 Billion

Dubai’s financial free zone becomes Middle East's top financial hub, with $240 billion in banking assets and AED 17.5... Read more

Kuwait Fund Wins Award For Financing $416 Million Water Project In Egypt

Egypt’s Bahr Al-Baqar plant, the world’s largest wastewater treatment facility, reuses over five million cubic metr... Read more

Saudi Fintech Tamara Gains UAE Central Bank Approval To Boost Gulf Expansion

Saudi Arabia’s first fintech unicorn, Tamara, has won regulatory approval to operate in the UAE The post Saudi fintec... Read more

ADGM Introduces New Licensing Rules For Legal, Tax And Company Service Providers

New requirements for licensing, experience and governance introduced for legal, tax and company service providers - all... Read more

IHC Unveils $33bn Merger Creating Abu Dhabi Investment Powerhouse

IHC announces merger of Multiply Group, Ghitha Holding, and 2PointZero to form $32.7bn Abu Dhabi-listed powerhouse, 2Po... Read more

Multiply Group To Acquire 2PointZero And Ghitha Holding Through Share Swap Deal

Ghitha Holding contributes a diversified food and agriculture platform, while 2PointZero brings scalable assets across ... Read more

UAE Residents Can Now Pay Government Fees In Zero-interest Instalments

UAE launches a zero-interest instalment plan allowing residents to pay government fees over 3–12 months via 10 local ... Read more