Business & Economy
UAE banks struggle with employee digital readiness despite leading GCC innovation: Report
UAE banks face barriers in empowering frontline employees to deliver seamless customer experiences, despite leading the GCC in…
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
UAE GPSSA waives pension penalties for 1,906 small private employers
The UAE’s General Pension and Social Security Authority (GPSSA) has launched an initiative to exempt small private sector employers…
Middle East
Decades of memories and loss – searching for the missing in Syria
The Independent Institution on Missing Persons in the Syrian Arab Republic (IIMP) is the first entity of its…
Business & Economy
Qatar tax authority extends fine waiver until August 31
Qatar’s General Tax Authority (GTA) has extended its Financial Penalty Exemption Initiative, offering 100 per cent exemption from…
Business & Economy
OpenAI in discussions with UAE’s MGX, Saudi’s PIF for its $40bn funding
OpenAI, which recently said it aims to raise US$40 billion in financing at a valuation of US$300 billion,…
Business & Economy
Saudi bank profits hit $21.3bn in 2024 amid fast growth and low risk
Net income at banks in Saudi Arabia improved to SR21.5bn ($5.7bn) in Q4 2024, compared to SR20bn ($5.3bn)…
UAE News
UAE’s Al Ansari Exchange, BILRS partner to expand global bill payment services
Al Ansari Exchange, the leading remittance and foreign exchange service provider in the UAE, announced a strategic partnership…
Business & Economy
Al Etihad Payments, Mastercard launch Jaywan co-badged cebit and prepaid cards in UAE
Al Etihad Payments (AEP), a wholly owned subsidiary of the UAE central bank, and Mastercard announced a strategic…
Business & Economy
Ripple becomes first blockchain-enabled payments provider to secure DFSA licence
On Thursday, the leader in enterprise blockchain and crypto solutions received approval to provide regulated crypto payments and…
Business & Economy
Aldar Investment Properties’ $500mn Green Sukuk oversubscribed 7.2 times
Aldar Investment Properties (AIP), a subsidiary of Aldar Properties, successfully raised $500 million through a 10-year green sukuk,…