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Saudi Investments In US Bonds Increase To $170bn

Middle East Business News - Published date: .

The Institute of International Finance estimates the Public Investment Fund's assets at around $300 billion Read more

Saudi Aramco To Peel Back Financial Veil With August Earnings Call

Middle East Business News - Published date: .

State oil giant Aramco is preparing to host its first earnings call in August to discuss half-yearly results Read more

Why A Second Merger Wave May Hit UAE Lenders

Middle East Business News - Published date: .

Bloomberg Intelligence report say banks in the UAE are seeking to improve profitability and tackle inefficiencies Read more

Abu Dhabi's Waha Capital Names New Managing Director

Middle East Business News - Published date: .

Mohamed Hussein Al Nowais previously held roles at ADIA and at JP Morgan in New York Read more

Saudi, Abu Dhabi And Oman Said To Be In Talks With SoftBank Over New $100bn Fund

Middle East Business News - Published date: .

SoftBank's first Vision Fund has stakes in many of the world's leading technology companies, including Uber and WeWork Read more

Self-service Kiosks Launched To Ease UAE Tax Refund Process

Middle East Business News - Published date: .

Kiosks added to UAE ports to fully automate procedures for the Tax Refunds for Tourists Scheme Read more

DIFC Insolvency Law To Come Into Effect On August 28

Middle East Business News - Published date: .

Dubai ruler enacts new DIFC Insolvency Law to balance the needs of all stakeholders in distressed and bankruptcy related... Read more

Emirates NBD Reveals Expo Package For SMEs

Middle East Business News - Published date: .

Preferential business banking to be offered as part of Expo 2020's Dubai Online Marketplace Read more

ENOC Secures $690m Loan From Chinese Bank Consortium

Middle East Business News - Published date: .

The members of the consortium are China's top three banks in terms of size, assets and profits Read more

Investcorp Acquires 11 US Multifamily Properties $370m Deal

Middle East Business News - Published date: .

Bahrain's Investcorp said deal is largest US real estate portfolio acquisition completed in the past decade Read more

Nepal Bans Chinese Digital Wallets Alipay, WeChat Pay

Middle East Business News - Published date: .

Nepal Rastra Bank issued a notice on Monday, banning the use of the Chinese digital payment platforms popularly used in ... Read more

Dubai Tribunal Affirms Royal Shield Licence Withdrawal

Middle East Business News - Published date: .

The DFSA withdrew the licence on the grounds that the firm is 'no longer fit and proper' to hold DIFC financial services... Read more

Most Bullish Forecaster Sees Indian Rupee At 67 On Modi Return

Middle East Business News - Published date: .

The rupee rallied the most since December on Monday as stocks hit a record high after exit polls signaled Modi's return ... Read more

Ajman Bank, Rasmala Ink $90m Deal For UAE Real Estate Portfolio

Middle East Business News - Published date: .

New entity Makaseb Real Estate Investments completes first transaction to buy UAE logistic and residential assets Read more

Look Who's Talking: The Gulf's $1trn Bank Merger Bonanza

Middle East Business News - Published date: .

More than 20 Gulf financial institutions with total assets exceeding $1 trillion are in merger talks Read more