Business & Economy
Saudi bank credit hits record $849bn in June 2025, up 15.8% year-on-year
Bank credit in Saudi Arabia reached a new record high by the end of June 2025, climbing to…
Category: Business & Economy
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Business & Economy
Abu Dhabi’s Lunate expands into hedge fund with Brevan Howard partnership
Lunate, the Abu Dhabi-based global alternative investment manager with over US$110 billion in assets under management (AUM), will…
Business & Economy
Sukoon to provide family Takaful to Emiratis up to 95 years of age
Sukoon Takaful, one of the prominent Takaful insurance companies in the region, will offer specialised family Takaful coverage…
Business & Economy
Dubai Finance Department, GDFRA sign MOU to support ‘Cashless Dubai’ strategy
Dubai’s General Directorate of Identity and Foreigners Affairs (GDRFA Dubai) and the Dubai Finance Department have signed a…
Business & Economy
Saudi businesses warned: Up to 25% fines for missing August tax deadline
The Zakat, Tax and Customs Authority (ZATCA) has urged businesses in Saudi Arabia subject to value added tax…
Business & Economy
UK is the West’s leading Islamic finance hub, says Fitch as funds AUM pass $12.5bn
The UK will continue as the leading Western hub for Islamic finance, supported by the London Stock Exchange…
Business & Economy
TAQA secures $2.31bn term-loan, in AED, to boost liquidity and advance growth
Abu Dhabi National Energy Company (TAQA) has secured an AED 8.5 billion (US$2.31 billion) corporate term loan facility…
Business & Economy
UAE gold reserve surges 25.9% in first five months of 2025 to $7.88bn
UAE’s gold reserves increased by nearly 25.9 per cent during the first five months of the year. The…
Business & Economy
ADIB Capital launches Sharia-compliant trade opportunities
Abu Dhabi Islamic Bank’s investment arm, ADIB Capital Limited, has launched the ADIB Islamic Trade Opportunities Fund, a…
Business & Economy
UAE issues tax warning – Arabian Business: Latest News on the Middle East, Real Estate, Finance, and More
The UAE Federal Tax Authority (FTA) has issued a reminder to Corporate Tax taxpayers finalise tax records, submit…