FAB Predicts GCC Equity Markets to Deliver Returns of 12-13% in 2025
FAB Predicts Strong Returns for GCC Equity Markets in 2025 First Abu Dhabi Bank (FAB) has projected that GCC equity markets will deliver returns between 12% and 13% in 2025.…
Qatar to Invest $10 Billion in India for Growth and Jobs
Qatar Pledges $10 Billion Investment in India: Boosting Economic Growth and Partnerships Qatar has announced a major investment of $10 billion in India, aiming to strengthen economic ties between the…
Damac Properties Raises $750 Million Through 3.5-Year Sukuk
Strong Demand for Damac Properties’ Sukuk Dubai-based luxury real estate developer Damac Properties successfully raised $750 million by issuing a 3.5-year sukuk. The Islamic bond, which follows Sharia-compliant financing principles,…
UAE’s Alpha Data Plans $163 Million IPO to Expand and Innovate
Alpha Data, a leading technology service provider in the UAE, has announced its plan to go public. The company aims to raise up to $163 million through an Initial Public…
Abu Dhabi Invests $461 Million in Bitcoin ETF
Major Investment in Bitcoin ETF Abu Dhabi has made a massive investment in Bitcoin. The city’s sovereign wealth fund, Mubadala Investment Company, recently bought over $461 million worth of BlackRock’s…
HSBC to Sell Bahrain Retail Banking Operations as Restructuring Progresses
HSBC Sells Bahrain Retail Banking Operations Amid Global Restructuring HSBC has agreed to sell its retail banking operations in Bahrain to Bank of Bahrain and Kuwait (BBK). This decision comes…
Air Arabia Reports Record $435 Million Profit in 2024
Air Arabia Reports Record-Breaking $435 Million Profit in 2024 Air Arabia’s Strong Financial Performance in 2024 Air Arabia achieved a record pre-tax net profit of AED1.6 billion in 2024, reflecting…
Sharjah Introduces 20% Tax on Natural Resources Companies Under New Law
Sharjah Imposes 20% Corporate Tax on Natural Resource Companies New Tax Law for Natural Resource Companies in Sharjah Sharjah now imposes a 20% corporate tax on companies involved in natural…
Why CBDCs Are Safer and Better Than Cryptocurrencies
How Central Bank Digital Currencies (CBDCs) Have an Edge Over Cryptocurrencies Digital currencies are transforming the financial world. Cryptocurrencies like Bitcoin and Ether have gained immense popularity, but they also…
Tabby Fintech Becomes Middle East’s Most Valuable with $160M Raise
Tabby Fintech Raises $160 Million, Becomes Middle East’s Most Valuable Startup $160 Million Funding Boosts Tabby’s Valuation to $3.3 Billion Tabby, a leading “buy now pay later” (BNPL) platform in…