Business & Economy
EU removes UAE from ‘high-risk’ money-laundering list
The EU has removed the UAE from its high-risk money-laundering list. The European Commission has updated its list…
Category: Business & Economy
Explore digital business news, economic trends, and startup updates from Dubai, UAE, and the Middle East on The Nation Middle East.
Business & Economy
Invictus Investment plans a third acquisition in Africa by the end of 2025
The company, which is present across a diversified commodity portfolio with activities along the entire value chain, including…
Business & Economy
Mashreq launches new saver account offering 6.25% interest and $1,360 cashback
Mashreq has launched a high-yield digital savings product that offers up to 6.25 per cent annual interest and…
Business & Economy
World’s first machine economy freezone to launch in UAE
Abu Dhabi and Dubai are set to host the world’s first Machine Economy Free Zone (MEFZ) in the…
Business & Economy
Sharjah Islamic Bank strengthens capital with new Sukuk
Sharjah Islamic Bank (SIB) has strengthened its capital position with the successful listing of an AED 1 billion…
Business & Economy
OpenAI in discussions with UAE’s MGX, Saudi’s PIF for its $40bn funding
OpenAI, which recently said it aims to raise US$40 billion in financing at a valuation of US$300 billion,…
Business & Economy
Qatar tax authority extends fine waiver until August 31
Qatar’s General Tax Authority (GTA) has extended its Financial Penalty Exemption Initiative, offering 100 per cent exemption from…
Business & Economy
IHC launches AI-native reinsurance platform RIQ from Abu Dhabi with $1bn backing
International Holding Company (IHC), the UAE-based global investment firm, has launched Reinsurance Intelligence Quotient (RIQ), a new AI-native…
Business & Economy
UAE targets Islamic finance and halal industry growth as bank deposits hit $162bn and $86bn export target set
The UAE has launched a bold national strategy to strengthen its leadership in Islamic finance and the halal…
Business & Economy
UAE real estate giant Binghatti Holding launches $1bn asset management arm in Dubai
UAE real estate developer Binghatti Holding Ltd has launched Binghatti Capital Limited, an asset management firm based in…