Business & Economy
Sharjah Islamic Bank strengthens capital with new Sukuk
Sharjah Islamic Bank (SIB) has strengthened its capital position with the successful listing of an AED 1 billion…
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
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
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…
Business & Economy
IHC launches AI-native reinsurance platform RIQ from Abu Dhabi with $1bn backing
International Holding Company (IHC), the UAE-based global investment firm, has launched Reinsurance Intelligence Quotient (RIQ), a new AI-native…
Business & Economy
UAE targets Islamic finance and halal industry growth as bank deposits hit $162bn and $86bn export target set
The UAE has launched a bold national strategy to strengthen its leadership in Islamic finance and the halal…
Business & Economy
UAE real estate giant Binghatti Holding launches $1bn asset management arm in Dubai
UAE real estate developer Binghatti Holding Ltd has launched Binghatti Capital Limited, an asset management firm based in…
Business & Economy
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…
Business & Economy
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
ADGM introduces new licensing rules for legal, tax and company service providers
The Abu Dhabi Global Market (ADGM) Registration Authority has introduced a new controlled activity for tax services and…
Business & Economy
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…