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Tuesday، November 3, 2026GULF & MENA BUSINESS NEWS
Dijla News

Markets & Finance

Regional exchanges, listings, crypto licenses and money flows.

UAE Bank Consolidation: What the Big Mergers Created

UAE Bank Consolidation: What the Big Mergers Created

Three mergers built today's UAE banking giants: FAB from the 2017 Abu Dhabi union, ADCB from a three-bank deal in 2019 and Emirates NBD from Dubai's 2007 home merger, now stretching into Turkey and India.

Executives celebrating a listing ceremony at a Gulf exchange

Inside the Gulf IPO boom

Lulu raised $1.7 billion on the ADX in November 2024 and Talabat followed with about $2 billion on the DFM in December. Gulf exchanges now host some of the world's most subscribed listings.

Tax documents and a calculator on a desk in an office in Dubai

What is the UAE corporate tax

The UAE charges 9 percent corporate tax on profits above AED 375,000 for financial years started on or after June 1, 2023, with a 0 percent rate for qualifying free zone income.