Business & Economy
Saudi Arabia FDI inflows jump 24 per cent to $32bn in 2024
The results, released by the Ministry of Investment, underscore the effectiveness of Vision 2030 programs and the National…
Category: Business & Economy
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Business & Economy
Abu Dhabi Finance Week 2025 confirms first 300 global speakers with $60tn in assets
Under the patronage of Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and…
Business & Economy
Qatar’s top banks post $3.9bn H1 profit, but rising costs squeeze returns: Moody’s
Qatari banks recorded a modest 1 per cent rise in combined net profit to 14.2 billion riyals ($3.9…
Business & Economy
Saudi Arabia launches $400m fund to boost startups and SMEs
Saudi Arabia’s Small and Medium Enterprises General Authority (Monsha’at) has launched the second edition of the Estrdad initiative,…
Business & Economy
Saudi bank credit hits record $849bn in June 2025, up 15.8% year-on-year
Bank credit in Saudi Arabia reached a new record high by the end of June 2025, climbing to…
Business & Economy
Abu Dhabi’s Lunate expands into hedge fund with Brevan Howard partnership
Lunate, the Abu Dhabi-based global alternative investment manager with over US$110 billion in assets under management (AUM), will…
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
Dubai Finance Department, GDFRA sign MOU to support ‘Cashless Dubai’ strategy
Dubai’s General Directorate of Identity and Foreigners Affairs (GDRFA Dubai) and the Dubai Finance Department have signed a…
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
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…