Middle East Business News

Goldman Sachs Opens Kuwait Office To Grow Middle East Investment Footprint

Goldman Sachs opens new Kuwait office to strengthen its Middle East presence and expand investment, banking, and talent... Read more

Saudi Arabia Issues Tax Reminder Ahead Of October 12 Deadline

Saudi Arabia’s ZATCA calls on businesses subject to withholding tax to submit September filings by October 12 to avoi... Read more

Mustafa Al Khalfawi Outlines Ajman Banks Bold New Digital Vision

Ajman Bank CEO Mustafa Al Khalfawi talks about a bold digital vision powered by AI, Sharia-compliant innovation, and cu... Read more

Wio Bank Deposits Exceed $13.6bn In Under Three Years

Wio Bank offers savings tools, salary-linked benefits, multi-currency accounts, and a range of features through its pla... Read more

UAE To Introduce New Sugar Drink Tax From January 2026

Drinks will be taxed by sugar content under updated GCC-aligned rules The post UAE to introduce new sugar drink tax fro... Read more

DP World To Collaborate With PayPal On Cross-border Digital Payments

Transactions would be executed in minutes rather than taking up to a week, and complete cross-border payments with grea... Read more

Qiddiya To Adopt Deloittes OneTrust And Informatica GRC Solutions

OneTrust platform will help manage privacy, security, and third-party risk; Informatica solutions to facilitate seamles... Read more

UAE Corporate Tax Registrations Surpass 640,000 As FTA Reports Record Compliance Levels

FTA says over 640,000 UAE companies have registered for corporate tax, marking record compliance and growing awareness ... Read more

Saudi Central Bank: QNB Group Wins SAMA Approval For $666m Digital-first Ezbank

QNB Group secures SAMA licence for $666m ezbank, a digital-first bank in Saudi Arabia focused on youth, entrepreneurs a... Read more

UAEs IHC To Invest $1bn In Indias Sammaan Capital, Boosting Mortgage Lending And Financial Inclusion

UAE’s IHC will invest $1bn in India’s Sammaan Capital, a leading NBFC, to expand mortgage lending and AI-driven cre... Read more

Saudi Arabia Extends Tax Fine Cancellation And Penalty Exemption Scheme Until December 2025

Saudi Arabia’s ZATCA extended its “Cancellation of Fines and Exemption from Financial Penalties” initiative until... Read more

GCC Banks Post Strong H1 2025 Results With 13.2% ROE Despite Margin Pressure

GCC banks delivered solid H1 2025 results with 13.2 per cent ROE, stronger asset quality and capital, but face tighter ... Read more

Emirates, Flydubai Sign Digital Payment Deals With Dubai Finance To Boost New Cashless Strategy

Dubai attracted 18.7 million tourists in 2024, with cash-reliant travellers representing the emirate's potential for di... Read more

Saudi Banks Reduce Monthly Deductions By A Significant Rate

Saudi banks have reduced the monthly deduction for loans to 55% for the first time in years. Read more

Visitors To Saudi Arabia Can Now Open Bank Accounts With Official ID

Saudi Central Bank approves Visitor ID for opening bank accounts, expanding access for visitors and supporting digital ... Read more