Middle East Business News

Lebanon's Economy Minister Confident Of International Bailout

Lebanon's economic unravelling is beginning to slip out of control as its currency declined Read more

Dubai FDI Continues Investment Push Online Amid Pandemic

A total of 34 webinars have been scheduled in 13 markets to woo investors through the end of the year Read more

HP Setting The Tone For Sustainability

Global manufacturer proving saving the environment can also have savings on the bottom line Read more

Bahrain To Add $470m Into Budget To Address Covid-19 Economic Impact

Emergency funding has been announced by King Hamad bin Isa Al Khalifa Read more

IMF Lowers Middle East Economic Forecast Over The 'twin Shock'

Oil prices plunged by about two-thirds in a freefall as the global economy ground down to prevent the spread of the coro... Read more

PJT Partners Signs Deal With Dubai Boutique DeNovo Target Middle East Deals

PJT and deNovo will advise global firms looking to invest in the Middle East and North Africa region Read more

Saudi Banks Turn To Twitter, Mobile Apps Amid Digital Shift

According to statistics from Twitter, 76% of Saudi bank customers used their banks official banks in April, up from 69% ... Read more

Dubai Announces $408.4m Stimulus Package To Combat Coronavirus Slowdown

Latest amount brings total support provided by the government to $1.7bn throughout Covid-19 crisis Read more

Dubai SME Helped Over 3,800 Emirati Entrepreneurs In 2019

Start-ups received almost $46.3m worth of exemptions and incentives last year Read more

Rishi Sunak Reveals $37bn Plan To Rescue UK Economy

Raising the stamp duty threshold for purchases of property to 500,000 pounds, until March 31 next year, meaning 90% will... Read more

Hyflux's Middle East Suitor Raises Offer, Extends Deadline Again

Utico said the latest offer gives a chance of a higher recovery for retail investors in Hyflux Read more

Saudi Arabia Spends $57bn To Soften Economic Blow Of Covid-19

Over 650,000 people have directly benefited from the measures, according to the kingdom's Ministry of Finance Read more

Dubai Business Conditions Show Signs Of Improving As City Emerges From Lockdown

IHS Markit's Purchasing Managers' Index said output grew for the first time in four months at 'a solid rate' Read more

Former Saudi Economy Minister Among Eight Contenders For WTO Leadership

Mohammed al-Tuwaijri entered the race to become the next head of the World Trade Organisation Read more

Travelex Lenders To Take Control Of Firm As Part Of New Agreement

The embattled company will be split into two separate platforms, Travelex said in an update Read more