The National Bank of Kuwait (NBK) is actively supporting the “Let’s Be Aware” banking awareness campaign, which was initiated by the Central Bank of Kuwait (CBK) in partnership with local banks and the Kuwait Banking Association (KBA). This campaign aims to enhance financial literacy, promote financial inclusion, and educate customers from various segments of society...
The total value of debt securities listed on Nasdaq Dubai has crossed $136.2 billion, following the recent issuance of a $1 billion sukuk by the Government of Ras Al Khaimah. This latest listing brings the total value of sukuk on the exchange to over $92.7 billion, solidifying Nasdaq Dubai’s status as a leading global hub...
The Federal Tax Authority in the UAE has announced that the end of March will be the final deadline for registered businesses to update their tax records without incurring administrative penalties. The Authority has urged those who have delayed updating their tax information to take advantage of this grace period to correct their records. This...
Bahrain has officially opened the subscription for its $526.4 million (BHD 200 million) Government Development Bond Issue 38. This initiative, led by the Central Bank of Bahrain (CBB), allows both Bahraini and foreign investors to participate, with the subscription period running until Thursday, March 13, 2025. The bonds have a par value of BHD1 each...
Al Etihad Payments (AEP), a subsidiary of the Central Bank of the UAE (CBUAE), has partnered with Mastercard to introduce the Jaywan-Mastercard debit and prepaid cards in the UAE. This collaboration aims to improve secure, seamless, and accessible digital payment options across the country. The new Jaywan-Mastercard cards will allow users to perform secure, simple,...
The Abu Dhabi Securities Exchange, which is the second-largest exchange in the Middle East, has officially welcomed the listing of Alpha Data, a digital transformation provider and systems integrator in the UAE. This marks a significant milestone as it is the UAE’s first initial public offering (IPO) of 2025 and the Exchange’s second offering this...
The Federal Tax Authority has introduced a new request through the “Emirates Tax” digital platform. This initiative allows eligible family businesses to apply for treatment as joint alliances, contingent upon meeting the specific requirements outlined in Federal Decree-Law No. 47 of 2022 regarding corporate tax, as well as Ministerial Decision No. 261 of 2024 concerning...
The National Bank of Fujairah has successfully finalized a financing agreement worth $100 million for the construction of a clinker production unit by Pure Cement LLC. This agreement is a single currency term loan aimed at supporting the growth of the cement production sector in the region. This significant investment highlights the bank’s commitment to...
Abu Dhabi First Bank Egypt has announced the launch of “FABMISR E-Connect,” a new digital platform designed specifically for large enterprises and multinational corporations. This innovative platform demonstrates the bank’s commitment to providing advanced banking solutions that redefine customer experience. The E-Connect FABMISR platform offers a comprehensive banking experience, enabling companies to monitor and manage...
Sustainable bond issuances in the Middle East are projected to reach between $18 billion and $23 billion in 2025, with the UAE and Saudi Arabia expected to contribute around 60% of this total, according to S&P Global Ratings. This significant growth reflects the increasing focus on sustainable financing in the region. Currently, sustainable bonds represent...