Middle East Business News

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

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

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

DIB Increases Stake In Türkiyes Digital Bank To 25%

The move follows the initial acquisition in September 2023, further cementing DIB’s presence in Türkiye’s dynamic ... Read more

Saudi Commercial Registrations Surge By 60% In 2024

The registrations covered various economic sectors, with wholesale and retail trade, construction, accommodation and fo... Read more

KKR Invests $5bn In Dubais Gulf Data Hub

Gulf Data Hub and KKR announce $5bn investment in Dubai-founded firm Read more

Abu Dhabis Numou Offers Lending Support To SMEs

Numou is expanding its lending partner network in Abu Dhabi Read more

Saudi Future Minerals Forum Ends With $28.5bn Of Deals

126 agreements and deals worth $28.5bn signed at Future Minerals Forum in Saudi Arabia Read more

Debt In Disguise: Experts Issue Buy Now Pay Later Warning As Clever Marketing Risks Overspending

Buy Now Pay Later (BNPL) plans have been gaining popularity with several service providers offering ease of multiple pa... Read more

Crypto Criminals Pocket Almost $51bn In 2024

There has been a steady diversification in crypto crimes away from bitcoin in 2024, with stablecoins now occupying the ... Read more

Sustainable Finance To Contribute $2 Trillion To Gulf GDP By 2030: Report

A new report found that sustainable finance has a pivotal role in driving economic growth, job creation, and diversific... Read more

UAE Investments: Wio And Lunate Team Up To Offer Automated ETF Purchases

Wio Invest and Lunate collaborate to offer automated ETF investments Read more

ADNOC Now Accepts AMEX Payments

ADNOC can now benefit from a new range of customers who are AMEX members in the UAE and around the world Read more

Abu Dhabi-based BWI Announces Blaizes Successful IPO On NASDAQ

The company’s listing was done through BurTech Acquisition Corporation, a Special Purpose Acquisition Company (SPAC) ... Read more

Drake And Scull Wins Final Court Judgment Worth AED152mn

Dubai Court of Cassation rejected all appeals made by former CEO and another employee against Dubai Court of Appeal ver... Read more

EU Legislation Fallout Fuels Demand For Crypto Business Expansions To UAE, Advisory Firms Reveal

Digital asset exchanges, NFT marketplaces, utility token issuers, tokenised funds, and payments companies are among the... Read more