Business & Economy
UAE gold reserve surges 25.9% in first five months of 2025 to $7.88bn
UAE’s gold reserves increased by nearly 25.9 per cent during the first five months of the year. The…
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
TAQA secures $2.31bn term-loan, in AED, to boost liquidity and advance growth
Abu Dhabi National Energy Company (TAQA) has secured an AED 8.5 billion (US$2.31 billion) corporate term loan facility…
Business & Economy
UK is the West’s leading Islamic finance hub, says Fitch as funds AUM pass $12.5bn
The UK will continue as the leading Western hub for Islamic finance, supported by the London Stock Exchange…
Business & Economy
Saudi businesses warned: Up to 25% fines for missing August tax deadline
The Zakat, Tax and Customs Authority (ZATCA) has urged businesses in Saudi Arabia subject to value added tax…
Business & Economy
Saudi Arabia launches first mortgage-backed securities as SAMA boosts housing finance market
The Saudi Central Bank (SAMA) has granted the Saudi Real Estate Refinance Company (SRC) a no-objection clearance to…
Business & Economy
Sukoon to provide family Takaful to Emiratis up to 95 years of age
Sukoon Takaful, one of the prominent Takaful insurance companies in the region, will offer specialised family Takaful coverage…
Business & Economy
UAE to introduce new sugar drink tax from January 2026
The UAE Ministry of Finance has proposed legislative changes to roll out an updated excise tax on sugar-sweetened…
Business & Economy
Goldman Sachs opens Kuwait office to grow Middle East investment footprint
Goldman Sachs Group has announced the opening of a new office in Kuwait, marking a significant step in…
Business & Economy
Mustafa Al Khalfawi outlines Ajman Bank’s bold new digital vision
Listed on the Dubai Financial Market since 2008, Ajman Bank offers a broad spectrum of Sharia-compliant banking and…
Business & Economy
Saudi Arabia issues tax reminder ahead of October 12 deadline
ZATCA emphasised that any delay in submission will result in a 1 per cent fine on the unpaid…