Business & Economy
UAE central bank fines foreign bank branch $164,000 for regulatory violations
The Central Bank of the UAE (CBUAE) has imposed a financial sanction of AED 600,000 on a branch…
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 expands financial literacy drive to 75,000 students with young investor program
Dubai is educating students in the importance of financial literacy and monetary principles such as budgeting and saving.…
Business & Economy
UAE announces new tax benefits for fair value investment properties
Under the decision, taxpayers who elect for the realisation basis can now deduct depreciation from their taxable income…
Business & Economy
Aramco close to $10bn Jafurah infrastructure deal with BlackRock
Saudi Aramco is reported to be close to a deal that will raise around US$10 billion from a group…
Business & Economy
Kenya’s Equity Group to open representative office in the UAE
Equity Group Holdings, Kenya’s largest lender, plans to expand its footprint and capitalise on the growing opportunities in…
Business & Economy
UAE workers can now collect unemployment benefits at Al Ansari Exchange outlets
Al Ansari Exchange has launched a cash payout service for Involuntary Loss of Employment (ILOE) insurance claims in…
Business & Economy
Abu Dhabi’s Titanium Escrow crosses $5bn transaction mark
Having facilitated nearly 500 transactions over the past five years, spanning mergers and acquisitions, private capital, real estate,…
Business & Economy
Binance launches world’s first Sharia-compliant multi-token cryptocurrency staking platform
Binance has launched Sharia Earn, the world’s first multi-token staking service that complies with Islamic finance principles. The…
Business & Economy
UAE central bank imposes $217,835 fine on exchange house
The Central Bank of the UAE (CBUAE) has fined a UAE exchange house AED 800,000 (US$217,835) for failing…
Business & Economy
First Abu Dhabi Bank’s H1 2025 profit jumps 26% to record AED10.63bn on strong non-interest income
First Abu Dhabi Bank (FAB) on Tuesday reported a 26 per cent year-on-year rise in first-half net profit…