Middle East Business News

Kuwait Introduces Tax Rules, Expects $820m In Revenue

Kuwait issues new multinational tax regulations and expects $820m in annual revenue Read more

Crypto In 2025: Buy, Wait Or Exit?

With Bitcoin touching new heights over $110,000 in June 2025, the question among crypto investors is whether this repre... Read more

Saudi Arabia Extends Cancellation Of Fines And Exemption Of Penalties By 6 Months

Minister of Finance approves the extension to taxpayers under all Saudi tax laws, starting July 1 this year until 31 De... Read more

Saudi Arabia Banking Sector Shows Strong Start To 2025 With Improved Profitability

The kingdom's economy is expected to grow by 3.6% year-on-year in 2025, with non-oil activities contributing significan... Read more

Al Ansari Exchange Launches New Digital Prepaid Cards Via UAE Mobile App

Al Ansari Exchange now offers instant digital versions of its TravelCard and FlexiblePay cards to customers Read more

UAE Raises $300m In June 2025 Islamic T-Sukuk Auction, Oversubscribed 5.6 Times

UAE completes $300m Islamic T-Sukuk auction with 5.6x oversubscription, strong investor confidence Read more

UAEs Mashreq Inaugurates A Representative Office In Turkiye

It’s the 15th country globally where Mashreq has operational presence Read more

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