Ajman Bank Reports Over $36mn Net Profit In Q1 2025
The bank’s operating income, however, recorded a marginal rise of two percent to AED 198.91 million as of 31 March 20... Read more
Saudi Asset Management Industry Passed SR1tn For First Time
Saudi Arabia assets under management sector tipped to pass $350bn next year Read more
Global Financial Firm Lazard Bets On UAE Growth With Abu Dhabi Office Launch
The move is seen as Lazard’s commitment to deepening its presence in MENA, serving as a trusted advisor to clients ac... Read more
PayPal, TerraPay Partner To Boost Real-time Digital Transfers Across Middle East And Africa
The MENA digital payments market, estimated at $251.34 billion in 2025, is expected to reach $422.56 billion by 2030 Read more
Goldman Sachs Alternatives Acquires Majority Stake In UAE HR Firm PeopleStrong
The acquisition underscores the company’s ambitious growth strategy in the GCC region Read more
Al Salam Bank Announces Details Of Its 2025 Danat Savings Scheme
The biggest reward programme in Bahrain to offer prizes worth $10.6 million, including three grand prizes of $2.65 mill... Read more
Saudi Arabia Sees Surge In Cashless Payments As It Adopts Digital Transactions
Saudi Arabia uses digital technology for 79 per cent of retail payments Read more
Al Etihad Payments Signs Global Co-badging Deals For Jaywan Cards With Major Payment Giants
Jaywan cardholders will gain seamless global payment capabilities as UAE’s Al Etihad Payments partners with Visa, Mas... Read more
ADGM RA Fines Christopher Flinos, AC Holding For Cryptocurrency Conversion Violations
According to the RA, AC Holding exceeded the scope of its commercial license by acting as an investment company and off... Read more
ADGM Financial Regulator Imposes $8.85mn In Penalties On Hayvn Group For Regulatory Breaches
The investigation resulted in the cancellation of Hayvn ADGM's Financial Services Permission, and an indefinite prohibi... Read more
UAE Announces New Tax Rule
Ministry of Finance issues new Corporate Tax rules Read more
Al Ansari Financial Services Acquires BFC In $200mn Deal
The acquisition makes Al Ansari Financial Services the largest non-banking financial institution in the GCC region in t... Read more
India-based Ambit Global Private Client Expands Footprint Into Dubai
The new entity, Ambit Global Private Client (MENA) Limited, is the result of the strategic acquisition of Dubai-based M... Read more
UAE Bank Investments Rise To $202bn In January 2025
This represents a 16.1 percent growth compared to January 2024, according to the Central Bank of the UAE's latest banki... Read more
UAE Tax Authority Launches New Moáther Package To Support Influencer Tax Compliance
FTA aims to support business sectors by providing them with tools for self-compliance with UAE tax legislation Read more