UAEs New Retail Sukuk Programme Set To Benefit Islamic Banks
Plans to allow retail investors to invest in government-backed Shariah-compliant instruments will generate new revenue ... Read more
Saudi Insurers Profits Fall 40% In H1 2025
Saudi Arabia’s listed insurers saw profits drop sharply in the first half of 2025 as weak pricing and competition squ... Read more
Saudi Arabia Warns Firms To File Withholding Tax By November 10 Or Face Fines
ZATCA urges Saudi businesses to file withholding tax returns by November 10 to avoid 1% monthly penalties on unpaid tax... Read more
Islamic Syndicated Finance Tops $200bn As Market Levels Off, Fitch Says
Credit agency reports strong growth in outstanding Islamic syndicated financing but issuance expected to stabilise as b... Read more
Islamic Banking Assets To Hit $7.5tn By 2028 As Global Demand Surges
Standard Chartered forecasts Islamic banking assets to soar to $7.5tn by 2028, driven by ESG investment and rising corp... Read more
MENA M&A Deals Jump 23% To $69.1bn In 2025 As UAE And Saudi Lead Record Cross-border Growth
MENA M&A deals rose 23% to $69.1bn in 2025, led by the UAE and Saudi Arabia. Cross-border transactions hit a five-y... Read more
UAEs Tabreed Settles Its $500mn Trust Certificates Due In 2025
The 7-year senior unsecured Sukuk was issued in October 2018 and listed on the London Stock Exchange with a fixed 5.5 p... Read more
GCC Insurers Set For Stable Growth, But Smaller Players Under Pressure
Moody’s Ratings says Gulf insurers will benefit from solid economic growth and stronger demand for health and life co... Read more
UAE Residents Can Now Invest In Government-backed Sukuk From Just $1,089
UAE residents and citizens can now invest digitally in Sharia-compliant Retail Sukuk from $1,089, under Ministry of Fin... Read more
Saudi Arabias ZATCA Warns Deadline Approaching For Tax Fine Exemption
Saudi Arabia’s ZATCA reminds taxpayers to benefit from its fine cancellation and penalty exemption initiative before ... Read more
UAE Tax Compliance Grows As FTA Sees 651,000 Corporate Registrants And VAT Refund Surge
UAE Federal Tax Authority reports global-level tax compliance, over 651,000 corporate registrants, and $31.4m in VAT re... Read more
ADGM Turns 10 As Abu Dhabis $28.6tn Finance Hub Achieves Record Growth
ADGM celebrates 10 years of growth with $28.6tn global assets, 308 financial firms, and a 135% rise since 2021 in Abu D... Read more
Aqua Labs Backs UAEs Vision 2030 With Launch Of $20mn Startup Fund
The programme invites founders worldwide to apply for funding, mentorship, and access to Web3 infrastructure The post A... Read more
Alpha Dhabi Sells 8.5% Modon Stake To Abu Dhabi Governments Limad Holding
The wholly owned entity of the Abu Dhabi Government now owns majority share in Modon after buying IHC and ADQ stakes as... Read more
ADNOC Distribution Delivers Its Strongest EBITDA Since IPO For Q3
Quarterly EBITDA of $319mn is the highest ever, up 15.9%; Net profit surged to $221mn, up 21.5%; Record 9M fuel volumes... Read more