Middle East Business News

Rupee Collapse: UAE NRIs Switch To Dollars As US Economic Outlook Brightens

The new trend of NRIs holding their investments in USD and AED is linked to the changing profiles of Indian expats in t... Read more

Bitcoin Plunges Below $90,000 Mark Post Donald Trumps Crypto Order: Report

Bitcoin briefly touched $85,899.99, its lowest point since November, placing it nearly 20 percent below its all-time hi... Read more

First Abu Dhabi Bank Launches New End-of-service Benefits Funds For Private Sector

The initiative, now available to all private sector entities in the UAE, allows businesses to invest in their employees... Read more

Qatar Announces Tax Fine Exemption

Qatar authorities announce major tax fine exemption Read more

UAE Small Businesses Reap Benefits As Muwafaq Package Supports SME Tax Compliance

The package seeks to create a significant step forward in fostering innovation within the tax system and delivering com... Read more

Al Ansaris CashTrans Partners With Sharjah Islamic Bank To Enhance Cash Management Services

Collaboration aims to streamline cash handling, boost security, and optimise cash flow for Sharjah Islamic Bank and its... Read more

Saudi Arabia Announces New Rules For Use Of Riyal Symbol

According to SAMA guidelines, the symbol must be positioned to the left of numerical values with a space between them Read more

Al Salam Bank Offers Free Talabat Pro Subscription During Ramadan

Benefits include unlimited free delivery on food and grocery orders and exclusive discounts for 12 months; available to... Read more

Investcorp To Invest In Italian Alternative Payments Enabler Epipoli

The Bahrain-based company has deployed $280 million in investments since the beginning of the financial year Read more

Dubai-headquartered Fintech MANSA Secures $10mn In Funding To Expand Cross-border Payments Solutions

The funds will support the company’s market expansion into Latin America and Southeast Asia Read more

Olam Group Sells 44.6% Stake In Agribusiness To Saudi Arabias SALIC For $1.8bn

Post-stake acquisition, SALIC will hold an 80 per cent controlling stake in the business Read more

Aldar And Emirates NBD Launch Co-branded Darna Visa Credit Card

Offers 12-month interest-free payment plan for residential purchases within Aldar's sales portfolio, as well as tuition... Read more

DIFC Shatters Revenue And Occupation Records In 20th Year Of Operation

Reports 55% jump in operating profit to $363mn; 37% increase in revenue to $484mn; 25% growth in active companies to 6,... Read more

UAEs Careem Pay Expands Remittance Service To 18 European Countries

Careem users can now send near-instant money transfers to bank accounts in Austria, Belgium, Croatia, Cyprus, Estonia a... Read more

Tamara, Mastercard Launch Virtual Payment Card In Bid To Grow UAEs BNPL Market

The partnership will enable Tamara to grow its product suite through added value services provided by Mastercard Read more