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Middle East News

The Times of India

Middle East / The Times of India

UAE launches first retail T-Sukuk, letting residents invest in government-backed assets from Dh1,000

UAE residents can now invest in government-backed Islamic Treasury Sukuk with a minimum of Dh1,000, thanks to the launch of the Sovereign Retail T-Sukuk programme. This Shariah-compliant product, developed with the Central Bank, aims to boost savings and financial inclusion by offering individuals direct access to sovereign investment opportunities previously reserved for institutions.

19 Jun 2026 3:17 pm
Saudi Arabia warns drivers of up to SR900 fines for illegal car window tinting

Saudi Arabia's traffic department is reminding drivers about window tinting rules. Fines of SR500 to SR900 apply for violations. Tinting is allowed but must meet specific transparency standards. The front windshield must remain clear, with exceptions for authorized upper strips. Authorities emphasize clear visibility for safety and security.

18 Jun 2026 1:08 pm
Kuwait launches 15-year residency scheme for foreign investors with KD5m minimum investment

Kuwait has introduced a new 15-year residency program for eligible foreign investors and senior executives, a significant policy shift aimed at attracting global capital. This initiative seeks to provide greater certainty for long-term business planning and encourage foreign direct investment, supporting economic diversification beyond oil revenues.

16 Jun 2026 3:45 pm