Middle East Business News

UAE Set To Introduce New Tax On January 1

UAE will introduce a new tax on January 1, 2025 as well as investigate incentives for innovative companies Read more

Asset Manager Polen Capital To Open Abu Dhabi Office In Mideast Expansion Push

The US major, with around $63 billion in assets under management as of September 30, will join global asset managers an... Read more

Kuwait Sets 2025 Start For 15% Corporate Tax In Major Fiscal Overhaul

The reform comes as Kuwait seeks to diversify its revenue streams beyond oil income, following similar moves by other G... Read more

Aliph Capital Strikes Deal To Acquire 25% Stake In UAE-based Lifestyle Products Supplier Sanipex Group

The stake acquisition marks Aliph’s entry into the lifestyle sector Read more

Wall Street Banks Predict Biggest China Rate Cuts In A Decade: Report

Goldman Sachs Group Inc. and Morgan Stanley are among those projecting cuts of 40bps to the People’s Bank of China’... Read more

Saudi Arabias PIF And Bpifrance Sign $10bn Finance Deal

Saudi Arabia and French finance giant Bpifrance sign $10bn funding deal Read more

EDB Provides $4bn Funding Boost To UAE Food Security

Emirates Development Bank supports UAE food security sector Read more

UAE Gross Bank Assets Climbed To $1.2tn In August

Central Bank of the UAE gives overview on gross assets of banks in the UAE Read more

AB Majlis Podcast: Women Leadership, Navigating Corporate Challenges With Mastercards Amnah Ajmal

While initiatives like equal gender pay, improved parental leave policies and a balanced representation exists, there i... Read more

UAE Tells Corporate Tax Payers To Pay Up Or Face Fines

UAE Corporate Tax deadlines must be met or companies will face fines Read more

Real Estate Sector Tops AIF Investments In India In H1 2024: Report

Other sectors which saw India’s AIF investments during the period include IT, financial services, NBFCs and banks Read more

Bahrain Central Bank Plans $1.2bn Sukuk Issue

Bahrain sukuk will be listed on the London Stock Exchange’s Main Market Read more

Turkish Major Koc Holding Says It Is Not In Talks Over Sale Of Yapi Kredi Shares To Qatars QNB

The clarification came after local media reported on a potential deal with Qatar bank Read more

Saudi Central Bank Net Foreign Assets Fall By $21bn In October, Data Shows

Net foreign assets fell to $412.6 billion last month Read more

Middle East Operating WadzPay Secures $37mn Investment Commitment From GEM Global Yeild

The company said the capital infusion will accelerate its growth strategy via acquisitions, partnerships and organic in... Read more