Middle East Business News

Al Ansari Financial Services, Halan Partner To Launch Financing Solutions In UAE

The partnership introduces two key services: Salary Advance and Send Now, Pay Later (SNPL), which offer greater financi... Read more

Kuwait Announces New Tax

Kuwait will introduce a new 15% tax on multinational entities from January 1 Read more

Saudi Tax Authority Issues E-invoicing Update

Saudi Arabia’s Zakat, Tax and Customs Authority targets 19th wave of taxpayer for e-invoicing regulations Read more

Dubai To Identify And Fine Foreign Banks Breaching Administrative Guidelines

Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum issues Executive Council Resolution No. (101) of 2024 to the effect Read more

Dubai Authorities Bust Two Major International Money Laundering Networks

Total value of crimes worth over $223 million; An Emirati and 53 foreign nationals produced in court for money launderi... Read more

Burgan Bank Receives CBK Approval To Acquire Bahrains UGB

Purchase price of the transaction settled at $190 million; Acquisition expected to be completed in the first quarter of... Read more

Abu Dhabis ADFD Extends Additional $40mn Loan For Maldives Airport

Abu Dhabi fund has now issued total loans of $90 million for the modernisation and expansion of the critical Velana In... Read more

Orient Insurance Announces Official Launch In Saudi Arabia

The inauguration of Orient Insurance’s offices in Al Ghadir, Riyadh, marks the company's expansion into the Saudi mar... Read more

UAE Retail Investors Prioritise Financial Goals For New Years Resolution: Report

Among those prioritising financial goals, the most popular resolution for 2025 is increasing investments in traditional... Read more

UAE Corporate Tax: FTA Urges Businesses To Register Before December 31 Deadline To Avoid Penalties

The FTA noted that Cabinet Decision No. 75 of 2023 imposes Administrative Penalties on Taxable Persons who fail to regi... Read more

UAE Ministry Of Finance Makes Major Amendments To Ministerial Decisions

Announcements relate to Tax Groups and Participation and Foreign Permanent Establishment Exemptions and aim to enhance ... Read more

UAE, Saudi Banks Push For Enhanced Employee Experience In GCC: Report

The report highlighted the direct impact on profitability through prioritising employee experience on engagement, reten... Read more

UAE Salaries To Fall; Corporate Tax Changes; Top Dubai Real Estate Areas; Drone Deliveries Launched – 10 Things You Missed This Week

UAE and Saudi salary updates, Dubai real estate analysis, Corporate Tax changes, major health insurance update and more... Read more

Elite Group To Open $27m Facility In Dubai Industrial City

Elite Group will invest in automotive and e-commerce sectors with Dubai Industrial City project Read more

GCC Debt Capital Markets To Hit $1tn

Fitch Ratings expects debt capital markets in the GCC to grow in 2025 Read more