Middle East Business News

UAE Earns Top Sovereign Credit Ratings From Moodys, S&P, And Fitch In 2025

The UAE has secured strong sovereign credit ratings from the world’s top three agencies – S&P Global (S&P), ... Read more

CBUAE Suspends New Islamic Banking Customers At UAE Bank For 6 Months

Central Bank of the UAE suspends bank from adding new customers on Islamic Window Read more

Oman Announces 5% Income Tax: Everything You Need To Know

Oman to implement 5% personal income tax from 2028 Read more

Dubai Residents Can Now Instantly Check Credit Scores Online

Etihad Credit Bureau partners with DubaiNow to allow users to access credit reports and scores directly in-app Read more

UAE Central Bank Gold Reserves Hit $7.46bn In Q1 2025

The UAE Central Bank increased its gold reserves to $7.46bn in Q1 2025 as total bank transfers hit $1.48tn Read more

UAE Issues Tax Guidance To Help Businesses

The UAE Ministry of Finance has released Mutual Agreement Procedure (MAP) guidance to help taxpayers avoid double taxat... Read more

Wealthbrix Launches In DIFC To Target Rising Demand From UAEs Next-gen Millionaires And UHNWIs

Wealthbrix Capital Partners launches in DIFC to serve UAE’s booming millionaire and UHNWI population Read more

Personal Income Tax Comes Into Effect In Oman From January 1, 2028

Only 1% of population in the tax net as the first personal IT law imposes 5% tax on those with income above $109,230, a... Read more

Saudi Arabia Announces New Credit Card Rules

The new credit card rules in Saudi Arabia will take effect within 30 to 90 days Read more

UAE Flight Suspension Updates; 4-day Work Week In Dubai; Public Holiday Dates Announced; New Saudi Dining Rules, Piers Morgan Interview – 10 Things You Missed This Week

Flight suspensions, a new 4-day work week in Dubai, Saudi Arabia’s dining rule changes, Hijri New Year holidays, and ... Read more

Saudi Arabia Urges Businesses Earning Over $10.7m To File VAT Returns By June 30

Saudi Arabia’s ZATCA reminds VAT-registered businesses with revenues over $10.7m to file May tax returns by June 30 t... Read more

Qatars Economy To Grow 6.5 Per Cent By 2027 On LNG Expansion: World Bank

World Bank forecasts 6.5 per cent economic growth for Qatar by 2027, driven by LNG and non-oil sectors Read more

Saudi National Banks $1.25bn Dollar-denominated Sukuk Oversubscribed

The bank is issuing 6,250 Sukuks at a par value of $200,000; Maturity period is 10 years, but callable after five years Read more

UAE Offers Corporate Tax Fine Waiver — But Deadline Looms

Federal Tax Authority urges swift registration as businesses face penalties without timely compliance Read more

DFSA Tokenisation Regulatory Sandbox Receives 96 Global Applications From Six Countries

The DFSA, which regulates the Dubai International Financial Centre, allows entities to test financial products and serv... Read more