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Arab Financial Services Expands Into UAE To Enhance Digital Payments Ecosystem

Middle East Business News - Published date: .

The move follows the successful acquisition of a retail payment services license – category II from the Central Bank ... Read more

Tabby Says No New Minimum As Some Online UAE Stores Set AED300 Order Threshold

Middle East Business News - Published date: .

New threshold targets larger transactions over smaller purchases Read more

Saudi Arabia Now Allows Foreign Investment In Listed Real Estate Companies In Makkah And Madinah

Middle East Business News - Published date: .

Saudi Arabia announces plans to allow foreigners to invest in real estate companies listed in the country Read more

Abu Dhabi Commercial Bank Outlines Plan To Double Profit To $5.4bn In 5 Years

Middle East Business News - Published date: .

Abu Dhabi Commercial Bank unveils major expansion and dividend growth plans for next five years Read more

Bahrain Likely To Issue $2-3bn International Bonds, Sukuk In 2025

Middle East Business News - Published date: .

It could reduce its issuance if it receives more support from other GCC states versus expectations, or, if oil prices e... Read more

BRAVE CF: Global MMA Promotion Company Announces First Four Events For 2025

Sports and Eneterainment - Published date: .

It will kick off the action this year with BRAVE CF 93 Read more

Derayah Announces IPO, Set To List On Saudi Exchange With 20% Share Offering

Middle East Business News - Published date: .

The company said the offer price for the share sale will be determined at the end of the book-building period Read more

RAKBANK Posts Record Over AED 2bn Profits In 2024

Middle East Business News - Published date: .

For Q4’24, the profit after tax was AED 386M, and the profit before tax was AED 424M, representing declines of 10.4% ... Read more

DP World Announces Multi-currency Stablecoin To Support Global Trade Transactions

Middle East Business News - Published date: .

DP World stablecoins will solve many issues for cross-border payment solutions with introduction of stablecoin system Read more

UAE Secures Over $30bn In Crypto Investments In Just One Year: Report

Middle East Business News - Published date: .

With a proactive regulatory framework, the UAE presents investors with a balance between innovation and security Read more

DIFC Partners With Lloyds To Boost Future Talent In Insurance Sector

Middle East Business News - Published date: .

The agreement, which envisages a longstanding partnership, will help support development of a talent pipeline into the ... Read more

Paymob Secures UAE Central Bank License For Retail Payment Services

Middle East Business News - Published date: .

The regulatory nod also enables the company to provide merchants with its full suite of omni-channel solutions Read more

Open Banking Fuels GCC Fintech Boom As UAE, Saudi Lead Regional Growth Surge

Middle East Business News - Published date: .

The open banking payments volume in the GCC is projected to quadruple to over $930 billion by 2028 from $230 billion in... Read more

Saudi Arabia Leads Region With 178 Venture Capital Deals Last Year

Middle East Business News - Published date: .

Saudi venture capital funding is supporting business startups in the Kingdom Read more

UAE Gold Reserves Reach $6.7bn

Middle East Business News - Published date: .

CBUAE gold reserves surged by 34.8 per cent in the first 10 months of 2024 Read more

UAE Issues Limited Edition Silver Coin To Mark Central Banks 50th Anniversary

Middle East Business News - Published date: .

CBUAE issues limited edition 50th anniversary Golden Jubilee coin Read more

Mastercard, Ruya Collaborate To Bring Innovative Digital Products To UAEs Islamic Banking Landscape

Middle East Business News - Published date: .

The bank will benefit from the services of Mastercard Advisors, which employs more than 3,000 consultants in 53 countri... Read more

Saudi Banks Eye Global Capital Markets For Vision 2030 Growth Funding: S&P

Middle East Business News - Published date: .

Banks are also poised for stable profitability in 2025 on stronger credit growth Read more

CBUAE Reports $1.21 Trillion In Bank Assets By End Of October

Middle East Business News - Published date: .

Banks’ deposits increased by 1.5%, from AED 2,761.4 billion at the end of September to AED 2,802.5 billion at the end... Read more

Palms Sports Revenue Up 82.5% To $290mn For The Year

Sports and Eneterainment - Published date: .

The Abu Dhabi sports management company announces 41% YoY increase in gross operating profits to $49 million Read more