Business & Economy

UAE Central Bank slaps $1.6mn fine on foreign bank branch for AML violations

The Central Bank of the UAE (CBUAE) has imposed a financial sanction of AED…

Abu Dhabi SME Champions Program delivers $183m in deals, boosts procurement opportunities

The Abu Dhabi SME Champions Program, led by Khalifa Fund for Enterprise Development, has…

Saudi’s ACWA Power’s $1.9bn rights issue approved by shareholders

Saudi Arabia’s ACWA Power has received shareholders’ go-ahead for its SAR 7.1 billion (US$1.9…

Kuwait introduces tax rules, expects $820m in revenue

The Kuwait Ministry of Finance has issued a landmark decree introducing executive regulations for…

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