Middle East Business News

Saudi Arabia Issues Tax Update

Saudi Arabia urges taxpayers to take advantage of fine waiver before June 30 Read more

Dubai Real Estate: MAG, MultiBank And Mavryk Team Up To Tokenise $3bn Of Luxury Property

Blockchain innovators and Dubai real estate developer sign $3bn property investment tokenisation deal Read more

Saudi Banks To Remain Resilient Despite Rise In External Debt, Says S&P

The global rating agency expects the net external debt position to remain at a manageable level of about 4.1% of total ... Read more

Abu Dhabis Lunate To Acquire Stake In Wealth Management Firm Azura Partners

Azura headquarters to shift to ADGM in Abu Dhabi as part of the deal; New capital will help build AUM, talent, technolo... Read more

Investcorp exits RESA Power In Sale To Kohlberg, Marking First Exit For North American PE Fund

Investcorp aims to replicate RESA’s success globally across its private equity business Read more

Gate Group Secures Dubai VARA License

Gate Group’s Dubai arm is accelerating the expansion of its local team as it prepares for its official launch Read more

UAE Announces New Tax Rule

The UAE has announced a new waiver for tax fines in the country Read more

First Abu Dhabi Bank Powers Ahead With Record Q1 Numbers

Total income up 11 per cent to $2.4bn as net profit rises 23% to $1.4bn and profit before tax reaches $1.67bn; Total as... Read more

UAE To Launch Dirham-backed Stablecoin

Dirham-backed stablecoin launched in the UAE will enable simple digital payments Read more

Saudi Non-oil Exports Passed $137bn Last Year

Saudi Arabia recorded record non-oil exports in 2024 as national economy diversifies Read more

Crypto Market: Retail Participation In The Sector Predicted To See A Major Boost In Bitcoin As A Result Of Trumps IRS Overturned

Bitcoin prices shot up in early trading hours on Monday, April 28, to cross the $94,000 mark, touching $94,083 briefly,... Read more

Emicool Secures First-ever Green Financing To Boost Sustainable Growth

The liquidity generated will be strategically deployed to accelerate the company’s district cooling projects across t... Read more

UAEs Ruya Becomes First Global Islamic Bank To Offer Shariah-compliant Crypto Trading

Digital Islamic bank ruya teams up with Fuze to offer secure, ethical crypto investments aligned with Islamic financial... Read more

Startups In Abu Dhabis Hub71 Secured $2.17bn In Funding Last Year

Hub71 startups in Abu Dhabi saw massive increase in funding in 2024 as innovation economy thrives Read more