Business & Economy
Saudi Arabia urges businesses earning over $10.7m to file VAT returns by June 30
Saudi Arabia’s Zakat, Tax and Customs Authority (ZATCA) has issued a reminder to all commercial establishments with revenues…
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
Qatar’s economy to grow 6.5 per cent by 2027 on LNG expansion: World Bank
The sharp rise in growth will be driven primarily by the North Field LNG expansion, which is expected…
Business & Economy
Saudi National Bank’s $1.25bn dollar-denominated Sukuk oversubscribed
Saudi National Bank’s (SNB) issuance of US$1.25 billion in dollar-denominated Tier 2 notes, at a profit rate of…
Technology & AI
DFSA tokenisation regulatory Sandbox receives 96 global applications from six countries
The Dubai Financial Services Authority (DFSA) has announced the next phase of its Tokenisation Regulatory Sandbox, beginning engagement…
Technology & AI
UAE banks struggle with employee digital readiness despite leading GCC innovation: Report
UAE banks face barriers in empowering frontline employees to deliver seamless customer experiences, despite leading the GCC in…
Technology & AI
UAE GPSSA waives pension penalties for 1,906 small private employers
The UAE’s General Pension and Social Security Authority (GPSSA) has launched an initiative to exempt small private sector employers…
Business & Economy
Decades of memories and loss – searching for the missing in Syria
The Independent Institution on Missing Persons in the Syrian Arab Republic (IIMP) is the first entity of its…
Technology & AI
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…
Technology & AI
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
Saudi bank profits hit $21.3bn in 2024 amid fast growth and low risk
Net income at banks in Saudi Arabia improved to SR21.5bn ($5.7bn) in Q4 2024, compared to SR20bn ($5.3bn)…