Middle East Business News

Dubai Index Tumbles To New 52-week Low

FAB supports Abu Dhabi index Read more

JPMorgan Brings Amazons Alexa To Wall Street Trading Floors

The bank and the e-commerce giant have partnered to provide JPMorgan’s Wall Street users with another way to access it... Read more

City Centre In Masdar To Open In Q2 2019

Majid Al Futtaim group breaks ground on the Dh340m project, which will feature 77 stores Read more

Goldman Sachs No Longer One Of Top Three Commodities Banks

US-based investment bank Goldman has been among the top three since Coalition started compiling the figures in 2010 Read more

US Gunmaker Remington Files For Bankruptcy

Remington, America’s oldest gunmaker, said in February it would reduce its $950m debtload in a deal that will transfer... Read more

Marka Updates Figures To Reflect Steeper Loss

Preliminary figures issued last month showed losses at Dh218m Read more

Toshiba Awaits Regulator Approval For Key Chip Unit Sale

Under the deal, Toshiba had expected to meet all the sale conditions by March 23 and complete by March 30 Read more

Abraaj Is Said To Consider Sale Of Fund Unit Stake To Raise Cash

The group has held discussions with advisers about selling part of the newly separated investment business, according to... Read more

Bolton Trade Triggers Rallies In Defence, Energy Sectors

Shares of US energy producers and defence contractors rallied as the broader market slipped Read more

Taiwans HTC To Get Google Boost As It Posts Biggest Loss

HTC has suffered consecutive losses due to stiff competition in the smartphone sector from Apple, Samsung and strong Chi... Read more

Saudi Equities Gain Traction

Tadawul saw a record weekly net inflow of $370m via swaps and QFIs Read more

ADGM, Jersey Financial Services Sign Co-operation Agreement

The partnership reinforces ADGM’s commitment, as an international financial centre to enhance and build stronger colla... Read more

Iran Currency Hits Record Low, Crashing Through 50,000 Mark

Iran’s government took drastic measures last month to stem the decline in the free market rate Read more

Shanghai Crude Oil Futures Roar Into Action As Glencore Bags 1st Trade

Trafigura, Freepoint among first foreigners to participate Read more

Uber Sells Southeast Asia Business To Grab After Costly Battle

Uber to own 27.5% of Grab; Transaction marks second exit for Uber in Asia Read more