Business & Economy
Saudi banks reduce monthly deductions by a significant rate
Some Saudi banks have reportedly eased the burden of loans by reducing the monthly deduction rate for housing…
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
Dubai joins world’s top 4 FinTech hubs in Global Financial Centres Index
Dubai has been ranked among the world’s top four cities for FinTech in the latest Global Financial Centres…
Business & Economy
World Bank opens Riyadh hub on Saudi National Day, marking 50 years of cooperation
The World Bank announced the opening of a new regional hub in Riyadh, Saudi Arabia, to serve the…
Business & Economy
Aldar strengthens liquidity through $290mn dual tranche Green Sukuk tap
Aldar Investment Properties (AIP), a subsidiary of Aldar Properties and the owner-manager of a AED30.7 billion (US$8.4 billion)…
Business & Economy
UAE businesses urged to file tax returns early to avoid penalties
The UAE Federal Tax Authority (FTA) has issued a reminder for all corporate taxable persons, including exempt persons…
Business & Economy
UAE’s Presight-Shorooq Fund to back 30 AI and deep tech firms with $100m
Presight-Shorooq Fund I, a new UAE $100m investment vehicle, will target 25 to 30 artificial intelligence (AI) and…
Business & Economy
Saudi eyes fintech growth with 68 permits amid robo-advising, crowdfunding and digital trading boost
Of these, 50 fintech companies are registered under the CMA’s Fintech Lab, with 36 already operational. The CMA…
Business & Economy
Saudi Arabia issues VAT warning as businesses face hefty fines
The authority urged companies to file early through its website or mobile app to avoid penalties ranging from…
Business & Economy
PayPal to invest $100m in Middle East and Africa digital economy
PayPal has announced a $100m investment across the Middle East and Africa to accelerate digital commerce, fuel innovation,…
Business & Economy
Presight and Shorooq to launch $100mn fund for AI-related investments
UAE’s Presight has partnered with the Abu Dhabi investment fund Shorooq to launch Presight–Shorooq Fund I – a…