Paymob, the financial services enabler in MENA-P, announces it has been granted the Retail Payment Services License by the Central Bank of the UAE (CBUAE) after meeting all regulatory conditions and …
Saudi Arabia achieves a record number of venture capital deals
Riyadh, Saudi Arabia – The “2024 Saudi Arabia Venture Capital Report” revealed that Saudi Arabia achieved a record number of 178 venture capital (VC) deals in 2024, accounting for 31% of the MENA …
Oraseya Capital tops the list of investors in the UAE and MENA region for 2024, according to MAGNiTT
Dubai, UAE: Oraseya Capital, the investment arm of Dubai Integrated Economic Zones Authority (DIEZ), has been recognized as the most active investor by number of deals in the UAE for 2024, according …
Saudi Arabia leads region with 178 venture capital deals last year
Saudi Arabia achieved a record number of 178 venture capital (VC) deals in 2024, accounting for 31 per cent of the MENA region’s total number of deals.
Income tax ‘not on the table’ says UAE minister
The UAE has no plans to introduce income tax, economy minister Abdulla bin Touq Al Marri has said, dismissing speculation the country was in discussions to end its traditional tax-free status.
ICAEW and PwC Academy collaborate to launch a UAE-Specific Pathway for tax and finance professionals
This collaboration integrates two leading qualifications with a UAE focus and international recognition, accelerating career growth for the region’s finance professionals …
UAE’s NMDC Energy opens advanced fabrication yard in Ras Al Khair, Saudi Arabia
NMDC Energy, a provider of engineering, procurement and construction services for offshore and onshore energy clients, opened an advanced fabrication yard in Ras Al Khair, Saudi Arabia. The new …
Dubai Investment Fund to Launch Support Program for African Fintech Startups
The Dubai Investment Fund (DIF), one of the Middle East’s largest independent investment funds, is reportedly launching a new program to support African fintech startups.
Revealed: UAE to see massive surge in business travel in 2025 as companies revert to frequent business trips, employee retreats
The rising trend of “frolleague” will also add to the demand spike for business travel to the region this year …
UAE Minister of Economy Emphasizes Private Sector’s Role In Clinching Economic Competitiveness at Davos
H.E. Abdulla bin Touq Al Marri, Minister of Economy, emphasized the private sector’s role as a key partner in driving national economic growth and boosting its competitiveness at both regional and …
PwC CEO Survey 2025: UAE and Saudi bosses planning new hires and expecting more revenue amid optimism, despite AI and climate disruption
The regional findings reveal strong confidence amongst CEOs in their companies’ revenue growth, with those in the GCC particularly optimistic about revenue growth in 2025 (at 90 per cent). 61 per cent …
Could more data centers come to Oklahoma? UAE-based company announces $20B investment plan
A UAE investment firm planned to expand across eight states in the sunbelt. Government officials commented on the potential economic impact.
Paymob Secures UAE Central Bank License, Cementing Its Role as a Regional Fintech Leader
P, announces it has been granted the Retail Payment Services License by the Central Bank of the UAE (CBUAE) after successfully meeting all regulatory conditions and requirements through a rigorous …
FedEx launches new customs clearance facility at RAKEZ
The facility is equipped with in-house clearance capabilities, enabling FedEx to handle shipment clearance procedures on behalf of its customers to enhance operational efficiency and offer greater con …
5 Ways To Get First Class Travel On The Road With Ferrari Rental in Dubai
When it comes to Dubai, people usually think of luxury, innovation, and stunning experiences. And they are not wrong, that’s for sure. There is a thriving business on every corner, a city that boasts …
ADGM’s Numou Expands Financial Access in UAE via Partnerships with Private Credit Providers
Numou, a subsidiary of ADGM the international financial centre of Abu Dhabi, announced an expansion of its lending partner network.
UAE’s Numou expands financial access through strategic partnerships
With SMEs constituting an impressive 94% of all companies in the UAE and contributing approximately 40% to the national GDP, their role in the economy is vital …