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Saudi Rent Freeze, $17.5bn Riyadh Sales, Foreign Ownership Rules, Startups Surge – 10 Key KSA Stories This Week
Sports and Eneterainment - Published date: .
Saudi Arabia freezes rents in Riyadh, property sales hit $17.5bn, foreign ownership rules may change, and startups surg... Read more
Dubai Joins Worlds Top 4 FinTech Hubs In Global Financial Centres Index
Middle East Business News - Published date: .
Dubai has been ranked a top four global FinTech hub in the GFCI, with DIFC firms surpassing 1,500 and raising $4.2bn in... Read more
World Bank Opens Riyadh Hub On Saudi National Day, Marking 50 Years Of Cooperation
Middle East Business News - Published date: .
World Bank launches a new Riyadh hub serving MENAAP, marking 50 years of Saudi cooperation and boosting regional develo... Read more
Aldar Strengthens Liquidity Through $290mn Dual Tranche Green Sukuk Tap
Middle East Business News - Published date: .
The transaction is oversubscribed 2.8 times with an order book exceeding $830mn; Strong demand by international investo... Read more
Saudi Eyes Fintech Growth With 68 Permits Amid Robo-advising, Crowdfunding And Digital Trading Boost
Middle East Business News - Published date: .
Saudi Arabia’s CMA has issued 68 fintech permits by Q2 2025, with 36 firms operational under its Fintech Lab, advanci... Read more
Saudi Arabia Issues VAT Warning As Businesses Face Hefty Fines
Middle East Business News - Published date: .
Saudi Arabia’s ZATCA urges VAT-registered firms with annual supplies over SR40m to file August returns by September 3... Read more
UAEs Presight-Shorooq Fund To Back 30 AI And Deep Tech Firms With $100m
Middle East Business News - Published date: .
The $100m Presight-Shorooq Fund will invest in 25–30 AI and deep tech startups, with 40 per cent reserved for scale-u... Read more
PayPal To Invest $100m In Middle East And Africa Digital Economy
Middle East Business News - Published date: .
PayPal will invest $100m across the Middle East and Africa to fuel innovation, support entrepreneurs, and expand digita... Read more
UAE Businesses Urged To File Tax Returns Early To Avoid Penalties
Middle East Business News - Published date: .
The UAE’s Federal Tax Authority reminded all businesses to file corporate tax returns within nine months of their tax... Read more
Roshn Saudi League Secures Media Deals To Broadcast In Over 180 Territories
Sports and Eneterainment - Published date: .
Roshn Saudi League inks global broadcast deals with ESPN, Fox, DAZN and YouTube, expanding coverage to more than 180 te... Read more
Presight And Shorooq To Launch $100mn Fund For AI-related Investments
Middle East Business News - Published date: .
The fund will focus on investments that leverage artificial intelligence, machine learning, and advanced data analytics Read more
Dubais DIEZ Trade Hit Record $91.5bn In 2024, Up 19 Per Cent
Middle East Business News - Published date: .
Dubai’s DIEZ posted record $91.5bn trade in 2024, up 19 per cent, with non-oil share at 13.7 per cent. Growth driven ... Read more
UAE Announces New Tax Reporting Rules For Crypto Assets
Middle East Business News - Published date: .
UAE signs global agreement on crypto tax reporting. Public consultation open on CARF rules ahead of 2027 rollout Read more
Abu Dhabi And Hong Kong Exchanges Sign MoU To Explore Cross-listing
Middle East Business News - Published date: .
Will also look at cross-border financing, mechanisms to facilitate investment, and collaborate on ETFs and ESG-related ... Read more
Dubai Chambers And EDB Join Forces To Unlock Growth Opportunities For SMEs
Middle East Business News - Published date: .
Dubai Chambers and Emirates Development Bank join forces to simplify banking, expand trade finance and support SME glob... Read more
US Federal Reserve Poised To Cut Rates As Gulf Economies Brace For Ripple Effects
Middle East Business News - Published date: .
Gulf investors brace for a near-certain US rate cut, with UAE borrowing costs set to fall and cash shifting into stocks... Read more
Money20/20 Middle East: Saudi Stock Market Value Surges To $2.67trn, CMA Chief Says
Middle East Business News - Published date: .
Saudi Arabia’s stock market approaching SR10tn ($2.67tn) in value as the CMA hosts Money20/20 Middle East Read more
HSBC Cashes In On Record HNWI Influx To UAE With Launch Of First Middle East Wealth Centre
Middle East Business News - Published date: .
HSBC has been expanding similar wealth hubs in China, Hong Kong, the UK, and more to serve clients who need multi-juris... Read more
Saudi Arabia Launches Google Pay
Middle East Business News - Published date: .
Saudi Central Bank launches Google Pay via mada, advancing Vision 2030 goals to boost digital payments, reduce cash rel... Read more
Camels In Saudi Festival Finals Valued At $66.7m
Sports and Eneterainment - Published date: .
Saudi Arabia’s Crown Prince Camel Festival finals see camels valued at $66.7m Read more