Banking & Finance

Qatar to invest $2 billion in Indonesia through joint fund with Danantara

Fund will focus on projects in downstream industries, renewables, health facilities and technology

Strategic insights on new tax developments across the region

GCC countries are revamping tax policies to ensure fiscal sustainability, with new corporate taxes and international alignment

The role of financial regulations in driving sustainability and innovation

Economy Middle East speaks with Emmanuel Givanakis, CEO of ADGM’s FSRA to discuss the critical role of financial services regulation in driving sustainability and fostering innovation in ADGM’s financial ecosystem

Dr. Saeeda Jaffar on how Visa is supporting the strategic growth of tourism in the GCC

Senior vice president and group country manager, GCC, Visa, shares the trends shaping the future of payments in the region

World Bank’s IFC inks 3 strategic agreements in Oman to boost economic diversification

IFC and United Solar Polysilicon will support the development of a $1.6 billion greenfield polysilicon plant in Sohar

UAE corporate tax: Finance ministry amends decision on audited financial statements

The updated decision sets out clear requirements for tax groups to prepare audited financial statements

Over $1.77 billion stolen in crypto hacks in Q1 2025, Bybit sees largest loss: Report

A singular attack accounted for nearly 85 percent of all the value stolen in the quarter

Saudi Arabia’s liquidity hits historic high, exceeds $800 billion in February 2025

Demand deposits constituted the largest share, accounting for 48.5 percent or SAR1.47 trillion

Abu Dhabi’s Mubadala Energy acquires first stake in U.S. gas, LNG projects

The move enhances the company's growth plans to invest in the global gas value chain.

Mashreq Bank partners with Goldman Sachs Asset Management for discretionary services

New partnership will allow Mashreq to provide discretionary services, enhancing its wealth management offerings

Business travel in MENA set to soar to $270.8 billion by 2030: Report

Business travel in the MENA region rose by 50 percent in Q1 2025 compared to Q1 2024

UAE and Kazakhstan central banks forge cooperation for financial market regulation, development

Agreement aims to strengthen cooperation and information exchange in areas of mutual interest

Egypt secures nine development agreements worth $290.2 million with France, EU

These deals will support priority projects in water treatment, sanitation, electricity, and rail transport sectors

ADIB becomes first bank to offer fractional sukuk for retail investors on new platform

Investors can now participate with as little as $1,000 compared to the usual $200,000 minimum

Information security spending in MENA to reach $3.3 billion in 2025, up 14 percent: Gartner

Spending on security services is expected to grow by a 16.6 percent in 2025

UAE’s total banking assets grow to $1.24 trillion in 2024 amid strong economic growth: CBUAE

The CBUAE forecasts an acceleration of growth to 4.7 percent in 2025, reflecting the resilience of the national economy

UAE bonds and sukuk surge to $309.4 billion by Q1 2025, up 8.3 percent YoY

UAE's debt markets are growing, reflecting its expanding financial ecosystem and strategic sukuk position

UAE announces new tax rules regarding non-resident nexus for corporate regulations

This decision eases compliance for foreign investors and highlights the UAE's commitment to investment appeal

Amazon joins competitive race for TikTok ownership ahead of U.S. ban deadline

Buying TikTok could help Amazon attract younger shoppers and merge social media with shopping

EU approves $4.4 billion and $539.5 million loans for Egypt, Jordan

The Parliament approved macro-financial assistance to Egypt: 452 votes for, 182 against, 40 abstained

UAE central bank launches new Dirham symbol

Issuance of the Digital Dirham is expected to take place in the last quarter of 2025 for the retail sector

Technology could drastically cut risk and compliance costs for Middle Eastern banks

Regional financial institutions could significantly reduce their risk and compliance costs by more than 20 percent through strategic technology investments

Emaar shareholders approve 100 percent dividend payout of $2.4 billion

Emaar recorded property sales of approximately AED70 billion, marking a 72 percent increase compared to 2023