SAMA’s total assets in November reach $485.64tn
The total assets of the Saudi Central Bank, also known as SAMA, in November rose by 3.25 percent as compared…
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GCC region M&A blazes trail as global deals decline
The GCC’s economies remain somewhat insulated from soaring inflation and high interest rates and have shown signs of resilience amid…
Saudi lures the super-rich with mansions, superyacht hub in new NEOM project
Saudi Arabia is courting the world’s wealthy with the launch of Norlana, a new real estate development featuring mansions, beach…
In Dubai, developers will ‘pounce’ on any new land releases: Vincitore’s Vijay Doshi
These days, it’s relatively easier to sell an offplan property in Dubai than to find land to build them –…
Family-owned businesses ‘make up 90%’ of UAE’s private sector
Businesses in the UAE are known the world over for being progressive trailblazers that, along with the country’s government, have…
Saudi Arabia’s overall unemployment rate drops to 5.1% in Q3: GASTAT
Saudi Arabia’s overall unemployment rate dropped to 5.1 percent in the third quarter of this year, reflecting a decrease of…
Sheikh Mohammed issues new law to level up Dubai’s global competitiveness
Sheikh Mohammed bin Rashid Al Maktoum, UAE Vice President and Prime Minister, and Ruler of Dubai, has issued a new…
Saudi Cabinet approves contracting rules for foreign firms without regional HQs
Saudi Arabia’s Cabinet, chaired by Crown Prince Mohammed bin Salman, approved the contractual regulations for firms that do not have…
Tax rules clarified for UAE entrepreneurs earning over Dhs1 million
Entrepreneurs earning over Dhs1 million per year through their individual business activities will need to register for corporate tax and…
Bank Nizwa signs $90 million sustainable finance deal with Oman’s RDAC
Oman’s Bank Nizwa has signed a $90 million sustainability-linked financing deal with Renaissance Duqm Accommodation Company (RDAC). RDAC’s efforts…
QNB receives prestigious rankings in 4 categories from Euromoney
QNB Group, the largest financial institution in the Middle East and Africa, has been recognised across four categories in the…
RAKEZ partners with CBI to enhance business banking processes for RAKEZ clients
Ras Al Khaimah Economic Zone has recently tied up with Commercial Bank International, to enhance the business banking experience for…