Bank of Singapore, one of Asia's leading private banks, is setting its sights on the Middle East as a key growth region. The bank aims to significantly increase its private banking assets in the region, targeting the Middle East to contribute up to 20% of...

Dubai-based logistics giant DP World reported a significant decline in net profit for the first half of the year, attributing the downturn to disruptions along key shipping routes in the Red Sea. The company's profit dropped by 59%, a stark contrast to it...

Negotiations are underway between Emirates NBD and a major Japanese bank to secure a substantial stake in India’s Yes Bank, according to industry sources. This potential acquisition could significantly alter the dynamics of the Indian banking sector. Emi...

Fines up to Dh1 million have been introduced by the UAE Government following amendments to the Federal Decree-Law on the Regulation of Employment Relationships. The law, revised under a new Federal Decree-Law issued on Monday, aims to enforce stricter com...

Wynn Resorts has announced a significant investment of $514.4 million into a new development on Al Marjan Island in Ras Al Khaimah, set to become a major attraction by early 2027. The move is part of the company's broader strategy to capture a growing seg...

Dubai is set to implement a four-day work week for public sector employees, marking a significant shift in the region's labor practices. This new schedule will reduce the standard working week from five days to four, with employees working nine-hour days...

Abu Dhabi’s sovereign wealth fund Mubadala is initiating strategic shifts within its European startup portfolio to enhance returns amidst a downturn in valuations. The fund is collaborating with international investment firms to revitalize these startups...

India's decision to lower gold import duties could significantly reduce smuggling activities, according to the World Gold Council (WGC). The move, which decreases the import tax from 15% to 10%, aims to curb the high levels of illegal gold trade that have...

The United Arab Emirates (UAE) is emerging as a significant diplomatic force in the Middle East by leveraging its support for Gaza and its growing ties with Israel. The UAE's recent initiatives highlight its strategic approach to regional politics and its...

The Abu Dhabi Investment Authority (ADIA) is negotiating a stake purchase in HDFC Credila, India's largest education loan provider. ADIA's interest aligns with a broader investment trend in India's burgeoning education finance sector. HDFC Credila has sup...

Dubai’s rental market is experiencing a significant slowdown in rent increases as a growing number of tenants opt to renew their leases rather than move. This shift comes as a response to ongoing economic adjustments and changes in tenant preferences. Re...

Wynn Resorts has announced its ambitious plans for establishing the UAE's first legal casino destination, marking a significant shift in the region's hospitality and entertainment landscape. This development follows recent changes in UAE regulations, whic...

The UAE has taken a significant step in diversifying its entertainment and business landscape by granting its first official lottery licence. This move is expected to boost tourism, attract international businesses, and enhance Dubai's status as a global...

UAE banks have demonstrated remarkable resilience in the first half of this year, posting strong financial results despite global economic uncertainties. This performance, marked by solid growth in key financial indicators, contrasts sharply with the resu...

European markets are increasingly open to Middle Eastern investments, reflecting a growing trend of cross-continental financial partnerships. This shift comes as European nations actively seek to diversify their economic sources and bolster their financia...