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Finance

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Finance Saudi Arabia

Saudi Arabia posts $33bn deficit in Q1 2026 as spending surges 20%

Miguel Hadchity
Image Credit: X/@MOFKSA Dubai, UAE — May 2026 — Saudi Arabia recorded a fiscal deficit of SAR 125.7 billion ($33.5 billion) in the first quarter of 2026, as government expenditures climbed sharply while oil revenues declined, according to the quarterly budget performance report released by the Ministry of Finance. Total revenues for the January–March period reached […]
Finance

ADNOC Distribution secures shareholder approval for $350m dividend, extends payout policy through 2030

Miguel Hadchity
Photo Credit: ADNOC Dubai, UAE — April 2026 — ADNOC Distribution announced that shareholders approved all agenda items at its Annual General Assembly Meeting, including a final cash dividend of $350 million for the second half of 2025.  Equivalent to 10.285 fils per share, the payout is scheduled for distribution in April 2026. This brings […]
UAE
Business Finance

UAE rejects rumours of capital transfer restrictions, reaffirms investor-friendly policies

Photo Credit : WAM The UAE Ministry of Economy and Tourism has dismissed reports circulating on social media that claim the country is imposing restrictions on capital movement or limiting foreign investors’ ability to transfer and manage their funds. In an official clarification, the Ministry confirmed that such claims are inaccurate and do not reflect […]
Nasdaq Dubai
Business Finance UAE

Nasdaq Dubai to Close Temporarily on March 2–3

Photo Credit : WAM Dubai, UAE — The Dubai Financial Services Authority (DFSA) has announced the temporary closure of Nasdaq Dubai on Monday, March 2, 2026, and Tuesday, March 3, 2026. The decision applies to all trading activities on Nasdaq Dubai, the international financial exchange headquartered in the Dubai International Financial Centre (DIFC). Nasdaq Dubai […]
WAM
Finance UAE

UAE Ministry of Finance Issues Official Electronic Invoicing Guidelines to Support System Rollout

Photo Credit : WAM The Ministry of Finance (MoF) has released the country’s official Electronic Invoicing Guidelines, providing businesses with a detailed framework to prepare for the rollout of the UAE’s new eInvoicing system. The comprehensive guide serves as a reference document outlining how the national electronic invoicing framework will operate, what entities fall
Finance

CBUAE and UAE Internal Auditors Association join forces to strengthen financial oversight

Miguel Hadchity
Photo Credit: WAM Dubai, UAE — February 2026 — The Central Bank of the UAE and the Internal Auditors Association have entered into a strategic partnership aimed at enhancing the business environment and modernizing regulatory frameworks within the nation’s financial sector. According to the Emirates News Agency, a Memorandum of Understanding formalizing the collaboration
Corporate Finance

Sharjah’s economy surges in 2025 with record licences, digital innovation, and 97% Emiratisation rate

Miguel Hadchity
Photo Credit: WAM Dubai, UAE — February 2026 — The Sharjah Economic Development Department has declared 2025 a landmark year of transformative growth, unveiling impressive metrics that underscore the emirate’s strengthening position as a competitive and sustainable economic hub. Hamad Ali Abdullah Al Mahmoud, chairman of SEDD and member of the Sharjah Executive Council,
Finance

UAE sees 65% surge in gold reserves for 2025, CBUAE data shows

Miguel Hadchity
Photo Credit: CBUAE Dubai, UAE — February 2026 — The Central Bank of the UAE recorded a substantial 64.93 percent increase in its gold reserves throughout 2025, with holdings reaching AED37.902 billion ($10.3 billion) by December’s end, according to the institution’s monthly statistical bulletin. statistical-bulletin-december-2025 This marks a significant rise from the
Finance

UAE strengthens tax transparency with new framework for international information exchange

Miguel Hadchity
Photo Credit: WAM Dubai, UAE — February 2026 — The UAE Ministry of Finance has issued Cabinet Decision No. 209 of 2025, establishing a unified legislative framework for the Exchange of Information upon Request for tax purposes. According to the Emirates News Agency, this move reinforces the nation’s existing framework for international tax cooperation and […]
Finance

DFM posts record $288m profit in milestone 25th year

Miguel Hadchity
Photo Credit: WAM Dubai, UAE — January 2026 — The Dubai Financial Market has announced a landmark net profit before tax of AED1.06 billion ($288.6 million) for the fiscal year ended 31 December 2025. According to the Emirates News Agency, this robust performance was driven by strong trading activity, expanding international participation, and sustained confidence […]