A Domestic Minimum Top-up Tax (DMTT) will take effect in the UAE for financial years beginning on or after 1 January 2025
Banking & Finance
Bain & Company
Middle East sees surge in 2024 M&A activity as sovereign wealth funds lead investments
Global M&A market overall deal value will reach $3.5tn by the end of 2024 as Middle East sees significant growth
fintech
Global fintech show Money20/20 to launch inaugural Middle East edition in Riyadh in 2025
The event will be held on September 15-17
Blockchain
Ripple announces launch of globally tradeable USD-denominated stablecoins
The company said Raghuram Rajan, former Governor of the Reserve Bank of India, and Kenneth Montgomery, former First Vice President and Chief Operating Officer of the Federal Reserve Bank of Boston, will join the RLUSD advisory board
private capital investments
Middle East has best growth potential for private capital in 2025, say global asset managers
Surveyed asset managers also predicted PE and VC presented the greatest opportunities to find alpha – beating benchmarked market returns – in the short-term and outstripping other asset classes
Islamic banking
Neutral outlook for EMEA Islamic banks as consolidation persists in 2025: Report
Consolidation will continue to shape the market across Europe, the Middle East, and Africa next year, particularly among smaller Islamic banks with weaker franchises
Bitcoin
Bitcoin hits record high above $106,000 on strategic reserve hopes
Bitcoin has surged by more than 50 per cent since the November 5 election, which saw Trump elected alongside many other pro-crypto candidates