business

Will the GCC introduce personal income tax after Oman makes the landmark policy shift?

Oman's decision marks a milestone for the region, where tax-free personal income has long been a defining feature of the social contract

Non-oil activities in Saudi Arabia surge by 5.3 percent in 2024, reports GASTAT

Non-oil growth indicates positive trends across various economic sectors in Saudi Arabia for 2024

Emirates NBD highlights UAE’s rise as fintech powerhouse in new PwC report

The report explores key trends shaping the market, including surging digital adoption, expanding venture capital investment, and the integration of AI

Mastercard launches AI-powered account intelligence reissuance service to combat card fraud in EEMEA region

Card fraud costs billions annually, prompting the need for automated and efficient fraud prevention solutions

Crude oil prices plunge 3 percent to $68.75 as tensions ease in the Middle East

Investors expect a return to normalcy in oil if the ceasefire terms are upheld

Dubai 24-carat gold price today dips to two-week low at AED404 amid easing geopolitical tensions

U.S. Fed Vice Chair Michelle Bowman stated the time for cutting interest rates is approaching

Abu Dhabi enhances infrastructure governance with new ADPIC – arbitrateAD agreement

The MoU marks a significant step in the efforts to integrate global best practices into the way Abu Dhabi delivers its infrastructure ambitions

A voice of transformation: BAT group CFO Soraya Benchikh’s bold journey across borders and boardrooms

Benchikh's focus is on driving innovation that could transform public health while ensuring sustainability of the business and shareholder value

Saudi Arabia’s PIF launches its first commercial paper program to enhance funding flexibility

The commercial paper program carries credit ratings of P-1 from Moody’s and F1+ from Fitch

Dubai Chamber of Commerce welcomes 4,543 new Indian businesses in Q1 2025

The wholesale and retail trade sector ranked first, accounting for 36.2 percent of new registrations

Abu Dhabi DoF launches new budget cycle to enhance financial sustainability, strategic alignment

This initiative focuses on transparency, innovation, and excellence in public financial resource management 

How European family offices are reallocating capital towards the UAE

The UAE imposes no personal income tax, capital gains tax, or inheritance tax