Saudi mining investment law takes effect in January 2021
The recently approved mining investment law will be fully activated by January 2021, said Khalid Al-Mudaifer, vice minister for mining…
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Dubai's Shuaa Capital pays off 2017 $100mln bond
SHUAA Capital today announced that it has paid in full the US$100 million bond issued in November 2017 by ADFG…
Dubai Investments reports 102% surge in net profit for 3rd quarter
Dubai Investments today reported a 102% surge in the third quarter net profit to AED213 million, compared to AED105 million…
Qatar Airways partners with IATA and ClimateCare to launch voluntary carbon offset programme for passengers
Qatar Airways announced the official launch of its carbon offset programme. The airline’s passengers now have the opportunity to…
United Arab Bank Partners With Trend Micro To Unlock USD 8 Billion MEA Banking Security Market
Trend Micro Incorporated, has announced that United Arab Bank’s security transformation is unlocking the region’s USD 8 billion banking security…
Dubai Islamic Bank completes Noor Bank integration to create $81bn giant
Dubai Islamic Bank (DIB) on Monday announced that it has completed the integration of Noor Bank to create one of…
Gulf state eyes income tax in shock move
The Sultanate of Oman is considering introducing an income tax on high earners, according to the finance ministry’s 2020-2024 economic…
QSE listed firms’ net profits reach QR23.8bn
The combined net profit of companies listed on Qatar Stock exchange has reached QR23.8bn in the third quarter of the…
Qatar’s private sector ‘ready to partner’ with US market, says QDB CEO
Qatar’s “young and growing” private sector is all set to collaborate and share experiences with the US market, following the…
QFC announces new regulations for operating rep office in Qatar
The Qatar Financial Centre, a leading onshore financial and business centre in the region, has announced new regulations for operating…
Net foreign assets of Egypt’s banking sector up $3.30bln in September
The net foreign assets of Egypt’s banking sector increased by the equivalent of about EGP 51.958bn during September 2020, the…
Middle East: Why are the rich worried about their children running their businesses?
With around 25,000 high net worth individuals in Europe, Africa, Asia and the Middle East estimated to transfer $15 trillion…