Middle East Business News

Saudi Arabia Warns Of Penalties For Late Withholding Tax Filings

Saudi Arabia’s ZATCA calls on businesses to submit December 2025 withholding tax filings by January 11 to avoid payme... Read more

Egypt To Offer $3.99bn In Treasury Bills And Bonds This Week

The Ministry of Finance plans eight debt tenders, including short-term treasury bills and longer-term bonds, as part of... Read more

Oman Banking Sector Sees Loan, Liquidity Growth As Rates Ease

Total lending rose to US$90.33 billion by October 2025, supported by higher deposits and stable monetary conditions The... Read more

UAE Takes Over The Presidency Of MENA Financial Action Task Force

“Our collective efforts should contribute meaningfully to the global fight against financial crime,” says new Presi... Read more

Kuwait Settles KD15.37m In Debts For Over 2,600 Citizens

The third National Campaign for Debtors has concluded after clearing thousands of cases, easing legal and financial bur... Read more

Saudi Arabia Extends Tax Penalty Waiver For Six Months

The Saudi Zakat, Tax and Customs Authority (ZATCA) urged taxpayers to take advantage of the initiative before the new d... Read more

New UAE Decree Laws Give Sweeping Powers To Capital Market Authority

The laws will modernise the regulatory framework governing the financial sector, enhance its stability and competitiven... Read more

Saudi Social Development Bank Finances 100,000 Beneficiaries In 2025 With $2.1 In Lending

Saudi Arabia’s Social Development Bank reached 100,000 beneficiaries in 2025, deploying $2.1bn in financing The post... Read more

Bank Of Palestine Receives ADGM Approval For Full Banking License

Hashim Shawa, Chairman of Bank of Palestine Group, calls the ADGM approval “a historic milestone” for the bank The ... Read more

UAE To Introduce Sugar Tax On Sweetened Drinks From January 2026

UAE will apply a new tiered Excise Tax on sweetened drinks from January 2026, linking tax per litre to sugar and sweete... Read more

UAE Tax Authority Introduces New Pricing Agreement Fees From January 2026, Scraps Paper Certificates

UAE FTA announces Advance Pricing Agreement fees effective January 2026 and cancels paper tax certificates in favour of... Read more

Saudi Central Bank Bans Promissory Notes For Credit Card Financing

The central bank has ordered banks and finance companies to cancel existing notes and halt the practice for new credit ... Read more

TAQAs Critical Al Dhafra Plant For AI Data Centre Achieves Financial Closure

The 1GW Al Dhafra Power Plant, which advances the UAE’s Artificial Intelligence Strategy 2031, will cost approximatel... Read more

Abu Dhabi Finance Week 2025 Attracts $62tn In Assets And 35,000 Global Leaders

Abu Dhabi Finance Week 2025 attracted $62tn in assets, 35,000 attendees and landmark deals, reinforcing UAE’s finance... Read more

SAMA Orders Banks To Offer 25 Core Services Free Of Charge

Banks and e-money institutions must waive fees on accounts, cards, transfers and mortgage releases to boost customer pr... Read more