Business & Economy
GulfNav raises $136.15mn through oversubscribed MCB offering
Gulf Navigation Holding (GulfNav) has successfully raised AED 500 million (US$136.15 million) through an oversubscribed Mandatory Convertible Bond…
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
Mubadala makes significant reinvestment in PCI Pharma Services
Mubadala Investment Company, the Abu Dhabi-based sovereign wealth fund managing a global portfolio, is making a significant reinvestment…
Business & Economy
PIF launches Tasama to boost Saudi entrepreneurship and tech ecosystem
Saudi Arabia’s Public Investment Fund (PIF) has officially launched Tasama Business Services Company, a national platform aimed at…
Business & Economy
UAE central bank fines bank AED3 mn for AML violations
The Central Bank of the UAE (CBUAE) has imposed a financial sanction of AED 3,000,000 on a bank…
Business & Economy
Saudi Arabia warns businesses to file excise tax returns by July 15 to avoid fines
The authority warned that a 5 per cent fine will be applied for every 30-day period that passes…
Business & Economy
Amazon Payment Services partners with Tamara BNPL to expand UAE, Saudi Arabia market
Amazon Payment Services has partnered with Tamara, the GCC’s leading Buy Now, Pay Later (BNPL) provider, to expand…
Business & Economy
Dubai’s DIB helps arrange $1 billion sovereign financing for Pakistan
Dubai Islamic Bank (DIB) has successfully completed a US$1 billion syndicated term-finance facility for the Government of Pakistan.…
Business & Economy
Qatar refers 13 companies to prosecution over tax evasion in H1 2025
Qatar’s General Tax Authority (GTA) has referred 13 companies to the Public Prosecution for alleged tax evasion totalling…
Business & Economy
Abu Dhabi Islamic Bank mobilises $4.63bn in sustainable finance, leads region in green sukuk
Abu Dhabi Islamic Bank (ADIB) announced it has mobilised AED17bn ($4.63bn) in sustainable finance by the end of…
Business & Economy
Qatar tax authority exempts $247m in penalties for 4,000 companies
Qatar’s General Tax Authority (GTA) has successfully granted full exemptions on penalties totalling more than QR900m ($247m) to…