UAE announces updated Excise Tax rules
The UAE Ministry of Finance has announced the issuance of Cabinet Resolution No. (198) of 2025, amending certain provisions of Cabinet Resolution No. (37)...
Mubadala completes acquisition of Service Logic in partnership with Bain Capital
Abu Dhabi’s Mubadala Investment Company, in partnership with Bain Capital, has closed the acquisition of the US-based Service Logic, a leader in comprehensive commercial...
Saudi Arabian bank credit reached an all-time high of $880 billion
Saudi Arabian banks’ credit to the public and private sectors has reached a record high of around SAR3.3 trillion (US$880 billion).
According to the monthly...
Kuwait to launch dedicated banking crimes prosecution office in 2026
Kuwait is set to establish a specialised prosecution office focused on banking and financial crimes, as the country strengthens its legal response to cyber...
UAE announces major changes to corporate tax rules
The UAE government has issued a Federal Decree-Law amending key provisions of the Corporate Tax Law, introducing clearer rules on how corporate tax liabilities...
