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 5,900,000 on a foreign…
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
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 generated 652 procurement deals…
Business & Economy
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 billion) rights issue. With…
Business & Economy
Kuwait introduces tax rules, expects $820m in revenue
The Kuwait Ministry of Finance has issued a landmark decree introducing executive regulations for taxing multinational enterprise (MNE)…
Business & Economy
Crypto in 2025: Buy, wait or exit?
The bull case: Momentum and institutional backing The numbers offer a compelling outlook for crypto enthusiasts. Bitcoin has…
Business & Economy
Al Ansari Exchange launches new digital prepaid cards via UAE mobile app
Al Ansari Exchange, the UAE’s largest remittance and foreign exchange company and a subsidiary of Al Ansari Financial…
Business & Economy
Saudi Arabia extends cancellation of fines and exemption of penalties by 6 months
The Saudi Zakat, Tax, and Customs Authority (ZTCA) has extended the initiative to waive fines and exempt taxpayers…
Business & Economy
Saudi Arabia banking sector shows strong start to 2025 with improved profitability
Saudi Arabian banks recorded a strong start to 2025, with aggregate net income rising 6.3 per cent quarter-on-quarter…
Business & Economy
CBUAE suspends new Islamic Banking customers at UAE Bank for 6 months
The Central Bank of the UAE has suspended the onboarding of new customers on the Islamic Window of…
Business & Economy
Oman announces 5% income tax: Everything you need to know
The personal income tax (PIT) for high earners marks a major shift in Oman’s fiscal policy as part…