Business & Economy
CBUAE suspends new Islamic Banking customers at UAE Bank for 6 months
The Central Bank of the UAE has suspended the onboarding of new customers on the Islamic Window of…
Category: Business & Economy
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Business & Economy
Oman announces 5% income tax: Everything you need to know
The personal income tax (PIT) for high earners marks a major shift in Oman’s fiscal policy as part…
Business & Economy
UAE Central Bank gold reserves hit $7.46bn in Q1 2025
The Central Bank of the United Arab Emirates (CBUAE) significantly expanded its gold reserves in the first quarter…
Business & Economy
UAE issues tax guidance to help businesses
The UAE Ministry of Finance has released Mutual Agreement Procedure (MAP) guidance to help taxpayers avoid double taxation…
Business & Economy
Personal income tax comes into effect in Oman from January 1, 2028
Oman’s first Personal Income Tax Law, which will affect only 1 per cent of its high-earning population, will…
Business & Economy
Saudi Arabia announces new credit card rules
The updated regulations will be for credit card issuance and operation, targeting cost reduction for customers whilst increasing…
Business & Economy
Saudi Arabia urges businesses earning over $10.7m to file VAT returns by June 30
Saudi Arabia’s Zakat, Tax and Customs Authority (ZATCA) has issued a reminder to all commercial establishments with revenues…
Business & Economy
Qatar’s economy to grow 6.5 per cent by 2027 on LNG expansion: World Bank
The sharp rise in growth will be driven primarily by the North Field LNG expansion, which is expected…
Business & Economy
Saudi National Bank’s $1.25bn dollar-denominated Sukuk oversubscribed
Saudi National Bank’s (SNB) issuance of US$1.25 billion in dollar-denominated Tier 2 notes, at a profit rate of…
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…