Middle East Business News

UAE, Regional Firms Switch To Blockchain-based Cross-border Payments As Global Trade Tensions Mount

Regulatory initiatives such as the UAE Central Bank’s move to give legal clarity to payment token issuers through its... Read more

Ahmed Abdelaal: How Mashreqs CEO Is Redefining Digital Banking In The Middle East

Ahmed Abdelaal, Group CEO of Mashreq, on humanising digital transformation, building a bank that listens, and reshaping... Read more

UAE Sets $697bn Islamic Bank Target And Aims For Halal Export Boost; Cabinet Reviews Tourism Sector Amid $122.5bn Goal

UAE Cabinet meeting reviews Islamic finance, tourism and Hajj strategies Read more

UAE Clarifies Tax Rules For Real Estate Investors

UAE tax authorities issue public clarification over Corporate Tax rules for investors in Real Estate Investment Trust Read more

Key Verticals Deliver As Alpha Dhabis Q1 Revenue Surge 23% To $4.74bn

Adjusted EBITDA rises 33% to $1.2bn; Real estate and industrial revenues at $1.74bn and $1.69bn respectively Read more

Arcapita Expands US Private Equity Portfolio With The Acquisition Of Trustpoint

A leading legal services provider that serves top 100 law firms and a variety of Fortune 500 companies Read more

NEOM To Invest In MemryXs Energy-efficient Semiconductors Business

NEOM Investment Fund adds the Michigan startup to its portfolio; NEOM will deploy the next-generation, energy-efficient... Read more

Dubais OMNIYAT Raises $500mn In Inaugural Green Sukuk

Ultra-luxury real estate developer enters international debt capital markets for the first time with oversubscribed gre... Read more

Dubai Free Zone Announces 2 New Business Categories

DMCC introduces Special Purpose Vehicle and Holding Company licenses in Dubai Read more

Dubai-based MBS Global To Help Create $8.8bn Financial Hub In Maldives

Maldives International Financial Centre to be a freezone that aims to diversify the country’s tourism-dependent econo... Read more

The Family Office Launches Financial Goal In The UAE, Empowering Investors To Plan And Achieve Long-term Financial Goals Through Tailored Private Market Strategies

The Family Office's Financial Goal tool is the go-to solution for structured, long-term and resilient investment strate... Read more

Kuwait Bans Cryptocurrency Mining

Kuwait has banned cryptocurrency mining and is cracking down on the activity due to strains on electricity network Read more

UAE Tax Rule; May Petrol Prices Revealed; Trump Tower In Dubai; Viral Chocolate Maker Speaks Out – 10 Things You Missed This Week

UAE and Saudi tax updates; Dubai viral chocolate maker interview, May petrol prices revealed, Trump Tower coming to She... Read more

Saudi PIF Prices $1.25bn Sukuk Offering Amid Strong Demand

The Saudi sovereign wealth fund’s dollar-denominated sukuk drew over $9 billion in orders, highlighting strong global... Read more

Mubadala Capital And TWG Global In A Game-changing Partnership

SWF Global says it signals “the evolving relationship between PEs and SWFs”; Mubadala Capital to anchor a $10bn inv... Read more