Middle East Business News

Another Reason Why UAE Investors Should Target The US

Canada’s Vancouver has done itself no favours by imposing 15% tax on foreign property buyers Read more

London House Prices Drop At The Fastest Pace Since 2009

Average prices fall to £593,396 in January, an annual decline of 2.6 per cent, the most since August 2009 Read more

VAT Implementation Makes SME Lending Safer

SME lending undergoes some fundamental changes Read more

UAE Banks Set For Strong Asset Growth And Higher Profitability In 2018

NPLs to decline on implementation of IFRS 9 and collateralised lending to SMEs Read more

UBS Sees Business As Normal As It Contests Hong Kong Suspension

UBS discloses the suspension by Hong Kong’s securities regulator, the SFC, in its annual report released on Friday Read more

United Arab Banks Rights Issue Successfully Subscribed By 124%

The bank plans to increase its capital by Dh687.5 million to Dh2.06 billion from the earlier capital of Dh1.38 billion Read more

Egypt Picks 4 European Banks To Manage International Bond Sale

The government plans to issue $3 billion-$5 billion in international bonds in fiscal 2018-2019 Read more

Dubais Majid Al Futtaim Hires Banks For Perpetual Dollar Bond

The potential subordinated perpetual bond will be non-callable for eight years and will be of benchmark size Read more

Thomson Reuters Launches Bitcoin Sentiment Gauge For Crypto Traders

Bitcoin’s price gained more than 1,300 percent last year as investors piled in Read more

US Oil Export Surge Means Opecs Output Cuts May Be Doomed

US flows that are gaining a bigger slice of the prized Asian market may prompt some nations to boost supplies Read more

Mideast E-tailers Need To Get Their Returns Under Control

More so as these can eat away into their precious margins, and that is high-risk Read more

The Downside For The US From Its Shale-driven Boom

It could be that the country will be superseded by China in green energy sweepstakes Read more

Tesla Temporarily Suspended Model 3 Production In Late February

Model 3 production was idled from February 20 to February 24 before resuming, in a move to address bottlenecks and ramp ... Read more

China Seen Slowing Spending On Belt And Road Energy Projects

Beijing has invested about $128b in energy projects in Belt and Road countries since 2001 Read more

Baby Fashion Brands Expect A Lift From The Kardashians

Many of these retailers have been struggling of late — hit by flatlining birth rates and Amazon’s disruptive busines... Read more