Middle East Business News

CBI Records 30% Annual Growth As Profit Hits $60.65 Million

Transformation journey pays dividends as Dubai bank revenue soars to 29% to 191.4 million and assets grow to $5.7 billi... Read more

ASK Private Wealth Targets Wealthy Indians With New Dubai International Financial Centre Base

Ask Private Wealth looks to support wealthy NRI with new office in Dubai’s DIFC Read more

Bahrains GFH Invests In US-based Clean Energy Company Invenergy

The investment, of undisclosed value, was made through vehicles managed by Blackstone’s infrastructure group Read more

UAE Property Giant Aldar Secures $2.45bn Sustainability-linked Credit Facility

The transaction follows Aldar's AED 3.67 billion ($1 billion) hybrid notes issuance this month Read more

Al Ansari To Launch Payment Solutions For Underbanked With Abhi Collaboration

Customers will be able to access their earned wages prior to the scheduled payroll date and remit funds internationally... Read more

UAE Announces Major New VAT Rules For Precious Metals, Stones Trade

The new decision, which supersedes the UAE Cabinet Decision No. (25) of 2018, now covers gold, silver, palladium, plati... Read more

Aldar Issues $1bn Hybrid Notes

Landmark issuance by Aldar underscores confidence of regional and international investors Read more

Abu Dhabis ADGM Announces New Employment Rules; Remote Work, Part-time Definitions And Visa Guidelines Begin On April 1

ADGM has announced upcoming rule changes for firms in Abu Dhabi Read more

Saudi Central Bank Awards Licence To SEULAH ALAWLA Microfinance Firm

Saudi Arabia issues licence to 63rd finance company Read more

Crypto Exchange Bitget Integrates ZEN.com For Seamless Fiat Deposits And Withdrawals In 11 Currencies

To celebrate this partnership, the two launched an exclusive campaign, rewarding users with a 3-month ZEN PRO trial, ze... Read more

Saudi Arabia Tops MENA Venture Capital Funding With $750m Investments In 2024

Saudi Arabia accounted for 40 per cent of venture capital funding in MENA region last year Read more

Checkout.com Teams Up With Noqodi To Revolutionise Payment Solutions Across UAE

As part of the collaboration, Checkout.com will integrate its cutting-edge payment technology with noqodi’s robust di... Read more

ADNOC L&S Inks $2bn Hybrid Capital Instrument financing With Leading Banks

Initial drawing against the HCI will be $1.1 billion Read more

Saudi Arabia Calls On Taxpayers To Submit Forms By Friday Or Face Fines

Saudi authorities advise withholding taxpayers to submit paperwork by January 10 Read more

Abu Dhabi Launches Registration Authority To Boost Business Sector, Plans New Licences

Abu Dhabi introduces registration and licensing authority to regulate business sector in the emirate Read more