Why UAE residents choose gold over their bank savings accounts
In a country where skyscrapers rise from the desert and luxury feels like second nature, it’s no surprise that gold—timeless,…
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Saudi reserve assets rise to $459bn in May on foreign deposit surge
Saudi Arabia’s official reserve assets reached SR1.72 trillion ($459 billion) in May, marking a roughly 4.5 percent increase from the…
Dubai’s rise as the global capital of branded residences: Documented by Provident
The branded residence revolution has found its capital — and that capital is Dubai. Provident Estate proudly launches the region’s…
Al Baraka Bank Egypt signs two landmark agreements with ICIEC worth $100mln
Al Baraka Bank Egypt has announced the signing of two key agreements with the Islamic Corporation for the Insurance of…
Federal Tax Authority announces AED 3.2bln in tax refunds for UAE nationals building new residences by June 2025
The Federal Tax Authority continues to see strong results from its digital VAT refund systems for eligible categories, maintaining high…
S&P reaffirms ICIEC’s AA- financial strength and issuer credit rating with Stable outlook
The Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC), a Shariah-based multilateral insurer and member of the…
Bain & Company announces five partner promotions in the Middle East
Bain & Company has announced five leadership appointments in its Middle East offices, with Faisal Sheikh and Joseph Edwin elevated…
Dukhan Bank announces July Thara’a draw winners
Dukhan Bank announced the names of the most recent round of draw winners for Thara’a, its Shariah compliant savings account,…
UAE announces new tax benefits for fair value investment properties
The UAE Ministry of Finance has issued a Ministerial Decision allowing taxpayers to claim tax depreciation on investment properties held…
Binghatti opens its London Boutique Marking Larger International Presence
Binghatti has officially launched its first International Sales Boutique in the United Kingdom. The landmark opening took place on July…
United Arab Bank net profit up by 50% for the first half of 2025
H1 2025 Highlights: Net profit reported at AED 208 million for H1 2025 compared to AED 139 million for H1…
Emirates Franchise strengthens Japan ties through Expo 2025 Osaka Mission
The Emirates Franchise, an affiliate of the Abu Dhabi Chamber of Commerce and Industry, led a high-level trade mission to…