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Saudi Insurance Sector Records $960m Profit In 2024

Middle East Business News - Published date: .

Saudi insurance market records growth as regulations support market Read more

Middle Easts First Digital Asset Multi-strategy Fund Launches Via AltNovel And 3iQ Partnership

Middle East Business News - Published date: .

The fund seeks to deliver high absolute returns with a reduced correlation to traditional assets and hedge funds Read more

US Infrastructure Giant Stonepeak Expands Middle East Footprint With Saudi Arabia Office

Middle East Business News - Published date: .

Stonepeak also named senior investment professionals Steven Ciobo and Fadi Kerbaj to lead the company’s engagement on... Read more

Abu Dhabis ADQ Raises $2bn In Oversubscribed Bond Sale

Middle East Business News - Published date: .

The issuance marked ADQ’s third offering in international debt capital markets and will support the diversification o... Read more

PIF To Offer $13mn Purse In Ladies Golfs Revamped Global Series

Sports and Eneterainment - Published date: .

Five tournaments in Riyadh, Seoul, London, Houston and Shenzhen are part of the PIF Global Series on Ladies European To... Read more

UAE Reports 94% Surge In Bank Account Ownership

Middle East Business News - Published date: .

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

Middle East Business News - Published date: .

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

Middle East Business News - Published date: .

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

Middle East Business News - Published date: .

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

Middle East Business News - Published date: .

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

Middle East Business News - Published date: .

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

Middle East Business News - Published date: .

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

Middle East Business News - Published date: .

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

UAE Clarifies Tax Rules For Real Estate Investors

Middle East Business News - Published date: .

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

Dubai Premier Padel P1 Sets UAE Record With 7,000-seat Indoor Centre Court

Sports and Eneterainment - Published date: .

After a successful debut in 2024, Dubai Premier Padel P1 returns this November with a new venue, increased capacity, an... Read more

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

Middle East Business News - Published date: .

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

NEOM To Invest In MemryXs Energy-efficient Semiconductors Business

Middle East Business News - Published date: .

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

Middle East Business News - Published date: .

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

Middle East Business News - Published date: .

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

Middle East Business News - Published date: .

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