UAE Bank Loan Growth Accelerates As Overseas Lending Strengthens – Report
Fitch Ratings says UAE banks recorded robust loan growth in Q3 2025, fuelled by strong domestic conditions and expandin... Read more
AI In Dubai: DIFC Firms Report 166% Surge In Generative AI Use
DFSA’s 2025 survey finds Generative AI use up 166% in DIFC, with 52% now using AI as Dubai financial sector embraces ... Read more
Dubai Unified Licence Slashes Business Bank Setup Time From 65 To 5 Days
Dubai Unified Licence cuts business bank setup time from 65 to 5 days, a 90 per cent reduction that boosts ease of doin... Read more
UAE Makes History With First Government Transaction Using Digital Dirham
UAE executes its first government transaction using the Digital Dirham, marking a major step in building national digit... Read more
Multiply Group Set To Expand With Two New Acquisitions
Shareholders approve plans to acquire 2PointZero and Ghitha Holding as company also moves to rebrand The post Multiply ... Read more
Qatar Investment Authority And Orix To Launch $2.5bn Japanese PE Fund
New fund, backed by Qatar’s sovereign wealth fund and Japan’s Orix Corp, will focus on buyout opportunities in busi... Read more
UAE Ranked Among Worlds Most Advanced Digital Asset Regulators: Report
The UAE joins Singapore and Switzerland among the world’s top jurisdictions for digital asset regulation, according t... Read more
Network International Partners With CredibleX To Expand SME Digital Lending Services
Collaboration will enhance Network International’s digital lending marketplace, offering UAE small and medium enterpr... Read more
Emirates NBD Offers Employees Hybrid Work With Letswork Collaboration
Bank staff can use 4,000 secured desks and offices as the company embraces evolving work trends; 12-month pilot program... Read more
Mahindra & Mahindra Exits RBL Bank With $77.1 Million Stake Sale
Indian automaker sells entire 3.53% stake in RBL Bank, earning a substantial profit just over two years after initial i... Read more
Emirates NBDs Open Offer For Stake In RBL Bank To Launch On December 12
Date set for open offer that could see Emirates NBD Bank acquire up to 26% of its shares from public shareholders The p... Read more
UAEs New Retail Sukuk Programme Set To Benefit Islamic Banks
Plans to allow retail investors to invest in government-backed Shariah-compliant instruments will generate new revenue ... Read more
Saudi Insurers Profits Fall 40% In H1 2025
Saudi Arabia’s listed insurers saw profits drop sharply in the first half of 2025 as weak pricing and competition squ... Read more
Saudi Arabia Warns Firms To File Withholding Tax By November 10 Or Face Fines
ZATCA urges Saudi businesses to file withholding tax returns by November 10 to avoid 1% monthly penalties on unpaid tax... Read more
Islamic Syndicated Finance Tops $200bn As Market Levels Off, Fitch Says
Credit agency reports strong growth in outstanding Islamic syndicated financing but issuance expected to stabilise as b... Read more