Abu Dhabis Mubadala Overtakes Saudis PIF As Worlds Top Sovereign Fund Investor With Over $29bn In 2024
Since 2023, Mubadala's investments jumped 67% while PIF's dropped 37% Read more
Saudi Public Investment Fund Assets Soar 37% To $42.6bn
International and domestic public investment fund assets in Saudi Arabia witnessed significant growth in 2024 Read more
Kuwaits New 15% Tax On MNEs To Strengthen National Economy, Minister Says
Kuwait's economy is approaching a new phase of diversification and competitiveness, Fassam said Read more
GFH Partners Acquires Dubai-based Logistics Fund Manrre REIT
The DIFC-headquartered company plans to bring its international experience to build on Manrre’s $136 million in GCC c... Read more
American Express Middle East Supports The Evolving Landscape Of Luxury Travel And Experiential Gifting
According to American Express Middle East, today's travellers are seeking more than just a destination – they're in p... Read more
Saudi Arabia Extends Tax Fine Exemption For 6 Months
Saudi tax authority extends exemption on fines until June 30, 2025 Read more
SHUAA To Launch Two MCBs To Complete Capital Optimisation Plan
Bonds to be issued in two tranches of $115.9 million total value; MD Ahmed Al Ahmadi steps down as planned Read more
Al Ansari Financial Services, Halan Partner To Launch Financing Solutions In UAE
The partnership introduces two key services: Salary Advance and Send Now, Pay Later (SNPL), which offer greater financi... Read more
Kuwait Announces New Tax
Kuwait will introduce a new 15% tax on multinational entities from January 1 Read more
Saudi Tax Authority Issues E-invoicing Update
Saudi Arabia’s Zakat, Tax and Customs Authority targets 19th wave of taxpayer for e-invoicing regulations Read more
Dubai To Identify And Fine Foreign Banks Breaching Administrative Guidelines
Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum issues Executive Council Resolution No. (101) of 2024 to the effect Read more
Dubai Authorities Bust Two Major International Money Laundering Networks
Total value of crimes worth over $223 million; An Emirati and 53 foreign nationals produced in court for money launderi... Read more
Burgan Bank Receives CBK Approval To Acquire Bahrains UGB
Purchase price of the transaction settled at $190 million; Acquisition expected to be completed in the first quarter of... Read more
Abu Dhabis ADFD Extends Additional $40mn Loan For Maldives Airport
Abu Dhabi fund has now issued total loans of $90 million for the modernisation and expansion of the critical Velana In... Read more
Orient Insurance Announces Official Launch In Saudi Arabia
The inauguration of Orient Insurance’s offices in Al Ghadir, Riyadh, marks the company's expansion into the Saudi mar... Read more