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Saudi Arabia Extends Some Stimulus Measures For Business

Middle East Business News - Published date: .

Among the initiatives extended is a pledge to cover 60% of some Saudi salaries in the private sector Read more

Saudi's Amlak International Reveals Share Pricing Ahead Of IPO

Middle East Business News - Published date: .

Real estate financing firm to offer 30% of its shares on Saudi stock exchange Read more

Dubai's Economy Declined By 3.5% In Q1 Amid Covid-19 Crisis

Middle East Business News - Published date: .

Real estate, finance, manufacturing and government sector all recorded growth despite global pandemic Read more

Saudi Arabia 'less Pessimistic' Than IMF As Economy Shrinks Again

Middle East Business News - Published date: .

Non-oil GDP, which is a better gauge of economic health and an engine of job creation, grew 1.6% in the first quarter, t... Read more

Saudi Retailers Report Surge In Sales Ahead Of VAT Increase

Middle East Business News - Published date: .

Shopping malls in the kingdom have drawn large crowds in recent days as retailers offered 'pre-VAT sales' and discounts ... Read more

Dubai World Pays $8.2bn Early To Complete Debt Revamp

Middle East Business News - Published date: .

Payment was made using funds from asset sales, dividend payments and the delisting of port operator DP World Ltd Read more

No Plans For Mulk Holdings IPO For Now, Says Founder Shaji Ul Mulk

Middle East Business News - Published date: .

Mulk Holdings set to start manufacturing Covid-19 face masks by mid-July this year Read more

Japan's SMBC Nikko To Open Abu Dhabi Branch

Middle East Business News - Published date: .

SMBC Nikko's overseas operations earned $143m in year ended March - it aims to double the amount by the year ending Marc... Read more

How Saudi Arabia's $15.6bn Bank Merger Would Stack Up

Middle East Business News - Published date: .

The National Commercial Bank-Samba merger would create a banking giant in terms of loans with almost a 30% market share... Read more

Ten People Killed In Attack On Pakistan Stock Exchange

Middle East Business News - Published date: .

Four security guards, a police officer and a bystander were killed in the melee Read more

Shares Of Saudi Samba Surge After $15.6 Billion Takeover Bid

Middle East Business News - Published date: .

The kingdom has been taking steps to shore up its banking sector from the coronavirus shock and lower oil prices Read more

Middle East Inks $25bn Of Deals Defying Covid-19 Gloom

Middle East Business News - Published date: .

Sovereign wealth funds including Saudi Arabia's Public Investment Fund are deploying billions of dollars to buy stakes i... Read more

ECB's Lagarde Says 'probably Passed Lowest Point' Of Economic Crisis

Middle East Business News - Published date: .

European Central Bank chief Christine Lagarde said the hardest hit industries - such as airlines, hospitality and entert... Read more

Saudi Bank NCB Plans $15.6bn Takeover Of Rival Samba

Middle East Business News - Published date: .

The combined bank would have total assets of about $210 billion, making it the third largest in the region Read more

Abu Dhabi-based KKBO Said Set To Hire PwC, Trussbridge To Restructure Debt

Middle East Business News - Published date: .

KBBO, a privately-held investment firm with assets in healthcare and finance sectors, also plans to appoint a chief rest... Read more