Middle East Business News

Bank Of England Cuts Interest Rates To 4.75%

It marks the apex bank's second reduction of 2024, after it began its easing cycle in August Read more

All-in-one Financial Platform NAGA Taps Mike Tyson For Campaign To Promote Its New App

The campaign features a video showing Mike Tyson discovering the simplicity of using NAGA, compared to the hassle of us... Read more

Bitcoin Price Hits All-time High As Cryptocurrency Market Rides On Trump Victory Wave

With institutional investors said to be positioning for further upside, the flagship digital asset is projected to reac... Read more

OKX Takes On Cryptos Biggest Challenge: Rebuilding Trust In The Industry

Rifad Mahasneh, General Manager of OKX MENA, on leading a crypto era focused on innovation, transparency, and user emp... Read more

Phoenix Group Joins FTSE ADX 15 Islamic Index

The FADXI 15 marks a significant step forward in diversifying Shariah-compliant investment opportunities Read more

UAE Announces Grace Period For Taxpayers

UAE authorities are offering taxpayers a grace period to give them more Read more

UAE Stablecoin Usage Surges 55% YoY, Driven By New Regulations And Market Growth

Consequently, stablecoins currently account for the largest share of crypto activity in the UAE at 51%, much higher tha... Read more

PIF-backed Roshn In Talks With Banks To Raise $667mn In Early 2025: Report

In the shorter term, the Saudi developer expects to raise SAR 18 billion in total from local banks by the end of 2024 Read more

UAEs Debt Capital Markets Notch Up 13% Growth In Q3: Fitch Ratings

The surge in the debt capital market places the UAE fourth globally in all currencies, after Malaysia, Saudi Arabia, an... Read more

Binance CEO Richard Teng On The Future For Crypto, Growing Pains, And Running A Multi-billion Dollar Global Company

Today, Binance has 230 million users around the world, and of that figure, a staggering 50 million were added only this... Read more

UAE Banks Pass AED500bn In Capital And Reserves To Reach Historic High

UAE banks see capital and reserves climb by more than 10 per cent in a year Read more

Dubai Watchdog DFSA Slaps $100,000 Fine On Marketing Firm For Misleading Financial Promotions In DIFC

The regulator imposed a fine of $100,000 (AED367,000) on Vedas Marketing for two violations Read more

Bitget Introduces Bitget Pay For Instant Zero-fee Cross-border Cryptocurrency Transactions

The launch of the new payment system reflects the ongoing trend toward broader adoption of digital currencies, aiming t... Read more

UAE Sets November Deadline For Corporate Tax Registration: What Businesses Need To Know

The FTA has urged businesses to review the Corporate Tax Law and related guidelines on tax.gov.ae Read more

Saudi Arabias PIF Signs $51bn Of Deals With Japanese Financiers

PIF signs $51bn of deals as Saudi Arabia and Japan strengthen ties Read more