Middle East Business News

UAE Leads The Way For Digital Innovation In Middle Easts $3.2bn Banking Sector

The UAE’s willingness to adopt innovative banking practices such as blockchain adoption and AI put it at the forefron... Read more

Dubai Chambers Welcomes Over 51,550 New Companies As Exports Top $61bn

Dubai Chamber of Commerce has achieved significant milestones as emirate enhances reputation as a business hub Read more

Growth Strategy Paying Off As Takaful Emarat Turns The Corner

Company posts a net profit of $2.18 million for Q3 2024, compared to a loss of $231,450 in the same period last year Read more

MENA M&A Activity Hits $71bn In 9M 2024, Led By UAE And Saudi Arabia

UAE and Saudi Arabia were the preferred destinations for investors due to their favourable business policies, with 239 ... Read more

UAE Announces Changes To Tax Compliance Requirements For Unincorporated Partnerships

The announcement was made by the UAE's Ministry of Finance on Monday Read more

UAEs Masdar, SOCAR Green Reach Financial Closure For 760 MW Solar Projects In Azerbaijan

Agreements with EBRD, ADB, and AIIB were signed at COP29 in Baku, with total project costs expected to exceed $600 mill... Read more

US Fed Chair Powell Says No Need To Hurry Rate Cuts With Economy Strong

Powell’s remarks prompted traders to pare back expectations for a December rate cut Read more

Rokstone Opens Dubai Office In DIFC

Rokstone handed licence from Dubai Financial Services Authority to operate in DIFC Read more

Emirates NBD Launches Private Banking Scheme As It Eyes Slice Of $980bn Middle East Generational Hand Down

Emirates NBD is attracting younger private banking customers as Middle East prepares for enormous generational wealth s... Read more

IHCs $1.36bn Share Buyback Programme To Start Next Week

First tranche of $490 million to begin on November 18 in a move to enhance shareholder value and optimise capital alloc... Read more

Saudi Arabias PIF Sells 2% Stake In Stc For Over $1bn

PIF maintains ownership of 3.1 billion shares, equivalent to 62 percent of stc's issued share capital, following the tr... Read more

FAB To Introduce UAE End-of-service Benefits Fund As Gratuity Alternative

First Abu Dhabi Bank gets approval for UAE end-of-service funds Read more

UAEs Zand Bank Partners With Paymentology to Accelerate Fintech Growth

The collaboration focuses on expanding financial services for fintechs and startups, aiming to accelerate innovation an... Read more

Visa Launches Flexible Payment Feature In US, UAE To Meet Growing Demand

For the UAE rollout, Visa has partnered with Liv Bank Read more

Bitcoin Breaks Records As Trump Wins White House, Nearing $90k As Crypto Market Enters Boom

With a market capitalisation of $1.75 trillion, the world’s biggest cryptocurrency has surpassed silver’s market va... Read more