Middle East Business News

Wealthbrix Launches In DIFC To Target Rising Demand From UAEs Next-gen Millionaires And UHNWIs

Wealthbrix Capital Partners launches in DIFC to serve UAE’s booming millionaire and UHNWI population Read more

Personal Income Tax Comes Into Effect In Oman From January 1, 2028

Only 1% of population in the tax net as the first personal IT law imposes 5% tax on those with income above $109,230, a... Read more

Saudi Arabia Announces New Credit Card Rules

The new credit card rules in Saudi Arabia will take effect within 30 to 90 days Read more

UAE Flight Suspension Updates; 4-day Work Week In Dubai; Public Holiday Dates Announced; New Saudi Dining Rules, Piers Morgan Interview – 10 Things You Missed This Week

Flight suspensions, a new 4-day work week in Dubai, Saudi Arabia’s dining rule changes, Hijri New Year holidays, and ... Read more

Saudi Arabia Urges Businesses Earning Over $10.7m To File VAT Returns By June 30

Saudi Arabia’s ZATCA reminds VAT-registered businesses with revenues over $10.7m to file May tax returns by June 30 t... Read more

Qatars Economy To Grow 6.5 Per Cent By 2027 On LNG Expansion: World Bank

World Bank forecasts 6.5 per cent economic growth for Qatar by 2027, driven by LNG and non-oil sectors Read more

Saudi National Banks $1.25bn Dollar-denominated Sukuk Oversubscribed

The bank is issuing 6,250 Sukuks at a par value of $200,000; Maturity period is 10 years, but callable after five years Read more

UAE Offers Corporate Tax Fine Waiver — But Deadline Looms

Federal Tax Authority urges swift registration as businesses face penalties without timely compliance Read more

DFSA Tokenisation Regulatory Sandbox Receives 96 Global Applications From Six Countries

The DFSA, which regulates the Dubai International Financial Centre, allows entities to test financial products and serv... Read more

UAE GPSSA Waives Pension Penalties For 1,906 Small Private Employers

The GPSSA designed the initiative to support small private sector businesses, which contribute to job creation and econ... Read more

UAE Banks Struggle With Employee Digital Readiness Despite Leading GCC Innovation: Report

The findings show that 72 per cent of UAE employees operate in mobile-first environments, reflecting the country's digi... Read more

UAE Real Estate Giant Binghatti Holding Launches $1bn Asset Management Arm In Dubai

Binghatti Capital will implement separate mandates within its real estate strategy Read more

UAE Targets Islamic Finance And Halal Industry Growth As Bank Deposits Hit $162bn And $86bn Export Target Set

The UAE has launched a bold national strategy to boost Islamic finance and halal industry growth Read more

IHC Launches AI-native Reinsurance Platform RIQ From Abu Dhabi With $1bn Backing

IHC launches RIQ, a next-gen AI-driven reinsurance platform based in Abu Dhabi’s ADGM, backed by $1bn and supported b... Read more

Qatar Tax Authority Extends Fine Waiver Until August 31

Qatar’s General Tax Authority extends its 100 per cent Financial Penalty Exemption Initiative Read more