Middle East Business News

Saudi Insurance Authority Proposes Expanded Coverage For Vehicle Lessees, Drivers In Draft Law Amendments: Report

The proposed draft aims to protect the rights of the insured and further improve the vehicle insurance sector Read more

Emirates NBDs Balance Sheet Crosses AED1 Trillion After Strong Q1 Numbers

Profit before tax rises 56% to $2.12 billion on strong loan growth and improving deposit mix; Deposits grew by 5%; Inco... Read more

Qatar Point-of-sale And E-commerce Transactions Hit $3.8bn In March

Qatar Central Bank highlights value and volume of point-of-sale and e-commerce transactions last month Read more

Fuze Secures Retail Payment And Card Schemes License From UAE Central Bank

The Abu Dhabi company, already a fully licensed operator for digital assets infrastructure, will soon launch a digital ... Read more

UAE Central Bank Imposes Financial Sanction On A Bank

The UAE bank failed to comply with the Anti-money Laundering and Combating the Financing of Terrorism and Illegal Organ... Read more

Ajman Bank Reports Over $36mn Net Profit In Q1 2025

The bank’s operating income, however, recorded a marginal rise of two percent to AED 198.91 million as of 31 March 20... Read more

Saudi Asset Management Industry Passed SR1tn For First Time

Saudi Arabia assets under management sector tipped to pass $350bn next year    Read more

Global Financial Firm Lazard Bets On UAE Growth With Abu Dhabi Office Launch

The move is seen as Lazard’s commitment to deepening its presence in MENA, serving as a trusted advisor to clients ac... Read more

PayPal, TerraPay Partner To Boost Real-time Digital Transfers Across Middle East And Africa

The MENA digital payments market, estimated at $251.34 billion in 2025, is expected to reach $422.56 billion by 2030 Read more

Goldman Sachs Alternatives Acquires Majority Stake In UAE HR Firm PeopleStrong

The acquisition underscores the company’s ambitious growth strategy in the GCC region Read more

Al Salam Bank Announces Details Of Its 2025 Danat Savings Scheme

The biggest reward programme in Bahrain to offer prizes worth $10.6 million, including three grand prizes of $2.65 mill... Read more

Saudi Arabia Sees Surge In Cashless Payments As It Adopts Digital Transactions

Saudi Arabia uses digital technology for 79 per cent of retail payments Read more

Al Etihad Payments Signs Global Co-badging Deals For Jaywan Cards With Major Payment Giants

Jaywan cardholders will gain seamless global payment capabilities as UAE’s Al Etihad Payments partners with Visa, Mas... Read more

ADGM RA Fines Christopher Flinos, AC Holding For Cryptocurrency Conversion Violations

According to the RA, AC Holding exceeded the scope of its commercial license by acting as an investment company and off... Read more

ADGM Financial Regulator Imposes $8.85mn In Penalties On Hayvn Group For Regulatory Breaches

The investigation resulted in the cancellation of Hayvn ADGM's Financial Services Permission, and an indefinite prohibi... Read more