Middle East Business News

Neutral Outlook For EMEA Islamic Banks As Consolidation Persists In 2025: Report

Consolidation will continue to shape the market across Europe, the Middle East, and Africa next year, particularly amon... Read more

Bitcoin Hits Record High Above $106,000 On Strategic Reserve Hopes

Bitcoin has surged by more than 50 per cent since the November 5 election, which saw Trump elected alongside many other... Read more

New Tax In The UAE; Lottery Warning; Crypto Trading In Dubai; Kuwait Halts E-visas; Saudi To Host 2034 World Cup – 10 Things You Missed This Week

UAE tax, UAE Lottery, crypto in Dubai, Kuwait visas, Saudi World Cup and more top news stories this week Read more

Awqaf Abu Dhabi Announces Launch Of Awqaf Capital

The new venture is to deploy capital across diverse asset classes, while leveraging Abu Dhabi’s unique position as a ... Read more

Goldman Sachs Names Omar Alzaim As CEO For Saudi Operations

In May, Goldman received a license to set up its regional headquarters in Riyadh Read more

Egypts Central Bank Advances Digital Payments With Tokenisation And Apple Pay Integration

The launch was coordinated with several banks, mobile payment application providers, and fintech companies to facilitat... Read more

Abu Dhabis ADGM Announces Plans To Establish Insurance Association To Support Industry Growth

The initiative represents a significant milestone in advancing the insurance and reinsurance sectors in Abu Dhabi Globa... Read more

Major Changes To UAEs VAT Rules Impact Fund Managers And Virtual Asset Traders – All You Need To Know

Fund managers andvirtual asset traders, including crypto, are exempt from VAT Read more

Mubadala And Alpinvest Launch Global Finance Fund

Mubadala and Carlyle’s Alpinvest establish senior fund financing investment partnership Read more

UAE APP Scam Losses Surge 43% To $8.3mn In 2023, Report Reveals

APP scams are a form of trust-based manipulation, deceiving individuals into willingly transferring funds to fraudsters Read more

Emirates Family Office Association And MEVCA Forge Strategic Partnership

The partnership will see two collaborate to launch carefully curated, closed-door initiatives fostering knowledge shari... Read more

Saudi Insurers Profits Shift To Top 5 Firms As Smaller Rivals Struggle: Report

The S&P report forecasts that top-line growth in Saudi Arabia's insurance sector will moderate to about 10-15% in 2... Read more

Beam Ventures To Launch $150m Abu Dhabi Gaming Fund

Beam Ventures eyes opportunities to thrust Abu Dhabi to the centre of the global gaming industry Read more

Saudi Arabias SNB Capital To Launch Public Offering Of New Petrochemical-focused Fund

Launch plan follows the Saudi market regulator gives its nod Read more

Trading Crypto In Dubai? What You Need To Know About The Latest Court Ruling

Experts advise individuals engaging in crypto trading to regularly review updates to VARA and Securities and Commoditie... Read more