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.
Dubai police recovers Rs 76k lost by tourist in mall, sends it to her home country
Indian expat Shajeer Venga wins Rs 5 crore grand prize in Sharjah Islamic Bank's lucky draw
UAE sets 15 as minimum age for social media use, first Arab nation to impose rule
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.
Saudi Arabia, Portugal sign visa exemption deal for diplomatic and special passport holders
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.
Dubai-based Indian expat dies after sudden on-field collapse during cricket match
Saudi Arabia, UAE announce start of Islamic New Year 1448 AH Tuesday; Ashura expected June 25
