Middle East Business News

UAEs Careem Pay Expands Remittance Service To 18 European Countries

Careem users can now send near-instant money transfers to bank accounts in Austria, Belgium, Croatia, Cyprus, Estonia a... Read more

Tamara, Mastercard Launch Virtual Payment Card In Bid To Grow UAEs BNPL Market

The partnership will enable Tamara to grow its product suite through added value services provided by Mastercard Read more

E& Enterprise Partners With PayPal To Expand Digital Payment Options For UAE Businesses

This will be particularly beneficial for merchants in the UAE and the region looking to reach customers abroad, driving... Read more

Trumps Return Sparks Crypto Surge: What Does This Mean For The US, Middle East?

The market's response to Trump's re-election and subsequent pro-crypto policies has been swift and pronounced Read more

Saudi BNPL Market To Hit $53bn By 2030 As Tabby Readies For IPO 

Tabby, the leading player in the BNPL market in Saudi Arabia and the region, raised $160 million last week at an estima... Read more

ASB Capital Commences Operations In Dubai, Aims To Bridge Regional And Global Markets

The firm said it will offer a diverse portfolio of wealth and asset management solutions, including public markets, pri... Read more

UAE Telecom Giant Du Adds Cryptocurrency To Payment Options

Customers can now opt to pay their du bills via Apple Pay or Samsung Pay, via debit or credit card and cryptocurrency Read more

Pig Butchering Romance Scams Surge 40%, Pushing Crypto Fraud To Record $12.4bn High

A major contributor to the growth in pig butchering and employment scams is the ongoing industrialisation of the fraud ... Read more

Abu Dhabi Announces New Rules For UAE Businesses Without Business Premises

Abu Dhabi woos businesses from across the UAE with flexible expansion options and premises-free trading Read more

ADX-listed Phoenix Group Reports Record $167mn Profit In 2024, Mining Revenue Up 236%

The company’s mining revenue surged to $107 million in 2024, up from $32 million in 2023 and $5.4 million in 2022 Read more

Massive Spike In Remittances By Gulf-based NRIs As Rupee Nosedives To Record Levels

The rupee's sharp decline is likely to drive a further increase in non-resident Indian (NRI) remittances, particularly ... Read more

Alpha Dhabi FY2024 Revenue Soars 40% To A Record $17.26bn

Group’s net profit at $3.68 billion; Net operating profit at $2.72 billion; Industrial ($7.16 billion) and Real Estat... Read more

Dubai Islamic Bank Total Income Grows 15.9% To $6.36bn In 2024

Pre-tax profit up 27% to $2.45 billion; Customer deposits up almost 12% to $67.8 billion; NPF ratio improves 140bps to ... Read more

AI Regulation: Governments Play Catch-up As $225bn Stablecoin Opportunity Reshapes Global Markets

The surge in the use of AI tools and digital currencies, such as stablecoins, comes at a time when powerful economic bl... Read more

Tabby Hits $3.3 Billion Valuation As It Eyes IPO Within 18 Months After $160M Raise

Buy now, pay later provider prepares for listing as transaction volumes hit $10 billion annually Read more