Business & Economy
UAE’s IHC to invest $1bn in India’s Sammaan Capital, boosting mortgage lending and financial inclusion
The deal underscores IHC’s confidence in India’s financial sector and its growing role in supporting mortgage lending and…
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
GCC banks post strong H1 2025 results with 13.2% ROE despite margin pressure
Profitability and asset quality improved even as interest rate cuts and tighter liquidity began to weigh on margins.…
Business & Economy
Saudi Arabia extends tax fine cancellation and penalty exemption scheme until December 2025
The initiative provides exemptions from fines related to late registration across all tax systems, late payments, delayed filing…
Business & Economy
Emirates, flydubai sign digital payment deals with Dubai Finance to boost new Cashless Strategy
Emirates and flydubai have signed two Memoranda of Understanding with Dubai Finance to advance digital payment initiatives and…
Business & Economy
UAE to launch electronic invoicing system in July 2026 with phased rollout to 2027
The UAE will launch an electronic invoicing system for businesses next year as part of a major digital…
Business & Economy
Visitors to Saudi Arabia can now open bank accounts with official ID
The Saudi Central Bank (SAMA) has announced its approval of the use of the “Visitor ID” for opening…
Business & Economy
Saudi banks reduce monthly deductions by a significant rate
Some Saudi banks have reportedly eased the burden of loans by reducing the monthly deduction rate for housing…
Business & Economy
Dubai joins world’s top 4 FinTech hubs in Global Financial Centres Index
Dubai has been ranked among the world’s top four cities for FinTech in the latest Global Financial Centres…
Business & Economy
World Bank opens Riyadh hub on Saudi National Day, marking 50 years of cooperation
The World Bank announced the opening of a new regional hub in Riyadh, Saudi Arabia, to serve the…
Business & Economy
Aldar strengthens liquidity through $290mn dual tranche Green Sukuk tap
Aldar Investment Properties (AIP), a subsidiary of Aldar Properties and the owner-manager of a AED30.7 billion (US$8.4 billion)…