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
Dar Global Secures Financing for Ambitious AIDA Project In Oman
National Bank of Oman to finance the 3.5 million sqm project that includes a championship-size Trump course, resorts an... Read more
Abu Dhabi-based IHCs Revenue Surges 54.4% To $25.8 Billion In 2024
Preliminary report shows total assets up 52% to $109.4 billion; Net profit after tax at $6.94 billion; EPS at $1.93 Read more
Capital Haus Expands UAE Presence With Strategic Wealth Management Acquisition
The move strengthens Capital Haus’s position in the private wealth sector, bringing an additional $150 million in fun... Read more
Abu Dhabi Sees 16% Increase In Business Licences, Freelancer Numbers Doubled In 2024
Abu Dhabi licensing authority reports notable increase in business registrations Read more
Middle East M&A Activity Surged 52% To $29bn Last Year, Global Uplift Expected In 2025
Global M&A activity is expected to increase in 2025 after several quiet years Read more
UAE Sports Startups Invited To Join Ethara Incubator To Seek Funding Boost
Dedicated sports and entertainment innovation hub Ethara 1TW to support UAE startups Read more
UAE Announces New Tax
The UAE Ministry of Finance has explained further details on the Domestic Minimum Top-up Tax Read more
Indias RBI Slashes Interest Rates By 25 Bps To 6.25%
This is the first rate cut in 5 years by the RBI Read more
Saudi PIF In Talks For $3.1bn Loan Guarantee Deal With Italian SACE: Report
The talks with SACE follow Italian Prime Minister Giorgia Meloni’s visit to Saudi Arabia, where agreements worth $10... Read more
Saudi Arabias Expat Remittances Hit $38.4bn In 2024, Highest Since 2022
The increase was reportedly mainly due to the growth in employment rates and the improvement of wages in some sectors Read more