Middle East Business News

Eid Al Fitr In The UAE; Visa-free Travel Ideas; Dubai Villa Sales Surge; Sheikh Mohammed Reveals $65bn Investment Plan – 10 Things You Missed This Week

UAE Eid Al Fitr dates and travel ideas. Dubai real estate analysis, Saudi sick leave warning and more top news stories ... Read more

UAE Banks Have More Than 39,000 Employees For First Time Since 2015

UAE bank worker numbers at 10-year high as Central bank gold reserves climb to $6.3bn Read more

Kuwaits Anticipated Liquidity Law Expected To Boost DCM And Sukuk Growth

Kuwait’s dollar issuers are the third-largest in the GCC; dollar issuance surged to $13.6 bn in 2024 and DCM issuance... Read more

HyperPay Unveils HyperTap For Secure Contactless Payments Via Smartphones In UAE

The new payment solution allows smartphones to serve as contactless POS terminals without the need for additional hardw... Read more

Saudi Bank Credit Crosses SAR3 Trillion In January 2025

On a monthly basis, Saudi bank credit recorded a 2 percent increase, rising by SAR50,395 million from December 2024 Read more

UAE Corporate Tax: FTA Extends Grace Period For Tax Record Updates Until March 2025

Registrants must notify the FTA of any changes to their data within 20 business days using the approved form and mechan... Read more

Aldar Investment Properties $500mn Green Sukuk Oversubscribed 7.2 Times

Priced at a spread of 110bps over the 10-year US Treasury yield, the proceeds will be used to refinance sustainability ... Read more

Ripple Becomes First Blockchain-enabled Payments Provider To Secure DFSA Licence

Having established its Middle East headquarters in DIFC in 2020, more than 20 per cent of its global customer base is a... Read more

Al Etihad Payments, Mastercard Launch Jaywan Co-badged Cebit And Prepaid Cards In UAE

Jaywan-Mastercard debit and prepaid cards will enable cardholders to carry out secure, simpler, smarter and more access... Read more

UAEs Al Ansari Exchange, BILRS Partner To Expand Global Bill Payment Services

The facility will be made available through Al Ansari Exchange’s extensive branch network across India, Pakistan, Phi... Read more

Saudi Bank Profits Hit $21.3bn In 2024 Amid Fast Growth And Low Risk

Net income at Saudi banks passed $5.7bn last year, according to Fitch Ratings Read more

IMF Approves $2.5bn In Funding For Egypt, Backs Climate Finance Initiative

Fund cites "mixed progress" on reforms as Egypt faces Red Sea disruptions costing $6bn in Suez Canal revenue while stru... Read more

Russia-Ukraine Ceasefire Would Have Limited Impact On UAE Banks, S&P Says

UAE banks to maintain strong asset quality with central bank rule changes boosting loan coverage ratios, already near 1... Read more

Bitcoin Price Projected To Crash To $70,000 As Crypto Markets Trump Optimism Wanes

The ongoing trade tariff war, discussions of stagflation, and the rush to safe havens are also turning investors away f... Read more

How To Get Ultra-rare New AED100 Coin In The UAE

Central Bank of the UAE releases limited edition AED100 coin Read more