All News Under "Middle East Business News" RSS ATOM

Dubai Offers Investment Opportunities In Major Public Parks

Middle East Business News - Published date: .

Dubai Municipality says investors are being sought for Creek Park, Mamzar Smart Park, Mushrif Park, Zabeel Park and Safa... Read more

The Rise And Fall Of Dubai's Abraaj Group

Middle East Business News - Published date: .

They were managing $14bn in assets but the star players behind The Abraaj Group, Arif Naqvi and Mustafa Abdel-Wadood, ar... Read more

Third Senior Abraaj Executive Said To Have Been Arrested

Middle East Business News - Published date: .

Sev Vettivetpillai, a former Abraaj managing partner, has reportedly been arrested for extradition to the US and is due ... Read more

Kuwait-backed Firm Buys 50% Stake In UK Shopping Mall

Middle East Business News - Published date: .

Cale Street Investments, a firm backed by the Kuwait Investment Office, has announced a 50/50 joint venture for the Intu... Read more

Saudi Mining Giant Says To Make First International Acquisition

Middle East Business News - Published date: .

Ma'aden says deal for an 85% stake in the Mauritius-based Meridian Group is due to be completed by September Read more

Bahrain's Investcorp Inks Commercial Property Deal In Frankfurt

Middle East Business News - Published date: .

The acquisition is Investcorp's third real estate investment in Germany in the past 12 months Read more

Emirates NBD Sees UAE Rate Climb Reversing On Tax Giveaway

Middle East Business News - Published date: .

The government probably held as much as $11bn in bank deposits following the introduction of a 5% value-added tax in ear... Read more

Finablr's $200m IPO To Be Completed By Mid-May

Middle East Business News - Published date: .

Finablr CEO Promoth Manghat said he expects the listing will allow the firm to scale up and explore new opportunities in... Read more

Dubai's Emirates NBD CFO Subramanian To Leave After 9 Years

Middle East Business News - Published date: .

Surya Subramanian expressed a 'desire to return to Singapore to pursue family interests' Read more

Dubai's Emirates NBD Reports Increased Profits On Loan Growth, Forex

Middle East Business News - Published date: .

Emirates NBD said economic activity in 2019 to be underpinned by higher oil production as well as increased government s... Read more

Dubai's Biggest Bank Celebrates Listing Of $1bn Bond

Middle East Business News - Published date: .

Senior banker rings the market-opening bell at Nasdaq Dubai to celebrate the listing of a $1bn conventional bond Read more

Dubai Regulator In Contact With US Counterpart About Abraaj Case

Middle East Business News - Published date: .

Abraaj founder Arif Naqvi and former managing partner Mustafa Abdel-Wadood were arrested on US charges last week for all... Read more

Abu Dhabi's Privinvest Seeks Compensation From Mozambique Over Hidden Debts

Middle East Business News - Published date: .

Privinvest and its subsidiaries were the only suppliers for $2 billion of maritime projects for which Mozambique raised ... Read more

Kuwait's Jazeera Airways To Distribute $23m Dividend To Shareholders

Middle East Business News - Published date: .

With the 2018 dividend, the airline has returned a total of KD84 million in cash to shareholders in the last five years Read more

Saudi Aramco Unit Inks $1.25bn Deal For Hyundai Oilbank Stake

Middle East Business News - Published date: .

Saudi Aramco says that a subsidiary will buy a 17% stake in South Korea's Hyundai Oilbank Read more