Middle East Business News

UAE Reports 94% Surge In Bank Account Ownership

New independent survey data from YouGov and Daleel highlights growing financial inclusion, but also reveals gaps in con... Read more

Dubai On Track To Become Top 4 Global Financial Hub

HSBC report highlights how Dubai is cementing a reputation as a financial powerhouse and has aspirations as a global co... Read more

UAE Announces Tax Fine Waiver

UAE begins implementation of a waiver of fines for late tax registrations Read more

Real Estate Outperforms For IHC As Q1 Revenue Jumps 41.1% To $7.41bn

UAE’s most valuable publicly listed company reports profit after tax of $1.12bn, with a net profit margin of 15.2% Read more

Brown Advisory Opens Abu Dhabi Office, Expands $162bn Global Portfolio To Middle East

Global investment firm Brown Advisory establishes ADGM presence, responding to regional demand for US equity and fixed ... Read more

UAE, Regional Firms Switch To Blockchain-based Cross-border Payments As Global Trade Tensions Mount

Regulatory initiatives such as the UAE Central Bank’s move to give legal clarity to payment token issuers through its... Read more

Ahmed Abdelaal: How Mashreqs CEO Is Redefining Digital Banking In The Middle East

Ahmed Abdelaal, Group CEO of Mashreq, on humanising digital transformation, building a bank that listens, and reshaping... Read more

UAE Sets $697bn Islamic Bank Target And Aims For Halal Export Boost; Cabinet Reviews Tourism Sector Amid $122.5bn Goal

UAE Cabinet meeting reviews Islamic finance, tourism and Hajj strategies Read more

UAE Clarifies Tax Rules For Real Estate Investors

UAE tax authorities issue public clarification over Corporate Tax rules for investors in Real Estate Investment Trust Read more

Key Verticals Deliver As Alpha Dhabis Q1 Revenue Surge 23% To $4.74bn

Adjusted EBITDA rises 33% to $1.2bn; Real estate and industrial revenues at $1.74bn and $1.69bn respectively Read more

Arcapita Expands US Private Equity Portfolio With The Acquisition Of Trustpoint

A leading legal services provider that serves top 100 law firms and a variety of Fortune 500 companies Read more

NEOM To Invest In MemryXs Energy-efficient Semiconductors Business

NEOM Investment Fund adds the Michigan startup to its portfolio; NEOM will deploy the next-generation, energy-efficient... Read more

Dubais OMNIYAT Raises $500mn In Inaugural Green Sukuk

Ultra-luxury real estate developer enters international debt capital markets for the first time with oversubscribed gre... Read more

Dubai Free Zone Announces 2 New Business Categories

DMCC introduces Special Purpose Vehicle and Holding Company licenses in Dubai Read more

Dubai-based MBS Global To Help Create $8.8bn Financial Hub In Maldives

Maldives International Financial Centre to be a freezone that aims to diversify the country’s tourism-dependent econo... Read more