Middle East Business News

Saudi Arabia Extends Coronavirus Stimulus Package But Narrows Scope

The initiative, which was due to expire in October, will now continue until January and will support half of all Saudis ... Read more

UK's Fasset Gets Bahrain Nod To Test Blockchain Platform

Sustainable infrastructure financing platform is approved for testing in Bahrain's FinTech Regulatory Sandbox Read more

Inside The Campaign To Help Make Arab-American Businesses More Competitive

'Disadvantaged' classification would give Arab-American-owned businesses greater access to government contracts and capi... Read more

Dubai Stock Market Set To Launch New Platform To Drive Investments

Dubai Financial Market says it has reached the final stages of preparations to launch an equity derivatives platform Read more

Currency Collapse Heaps More Misery On Lebanese As Prices Skyrocket

Lebanese pound loses more ground against the US dollar, adding to the misery of the growing number of people struggling ... Read more

Appetite Grows For Office Return As Coronavirus-fuelled 'Zoom Fatigue' Bites

Analysts say rumours of the demise of the traditional office space appear to have been greatly exaggerated Read more

Credit Agricole Exits Saudi Arabia With $386m Fransi Sale

About 48.3m shares were sold at 30 riyals each as the stock closed at 32.20 riyals on Sunday Read more

UAE-based NMC Healthcare Placed In Administration

Move will allow group to secure additional $325m financing facility, while protecting the business from creditor action Read more

Revealed: How Real Estate Is Shining Through Lebanon's Economic Gloom

Real estate is the only economic sector in Lebanon that has shown growth in the first few months of 2020 Read more

Union Properties Mulls $108m Offer For Dubai Autodrome Stake

Dubai developer says its board will discuss the offer for a 40% stake in its car racing asset at next meeting Read more

Lebanon Unveils Port Blast Compensation Package For Beirut Businesses

President Michel Aoun signs a decree allocating 100 billion Lebanese pounds to the programme Read more

Banking Confidence, Exchange Rate Are Key To Lebanese Recovery, Says Banker

Central bank governor Riad Salameh has warned banks that cannot increase their capital by 20% by end-February 2021 will ... Read more

UAE PM's Former Tech Advisor Launches Cryptocurrency Exchange

Mohammad Raafi Hossain announces plan to launch the Fasset Exchange Read more

UAE Aims To Set Benchmark With First Virtual Annual Investment Meeting

Post Covid resilience and recovery will be big topics of discussion at first virtual AIM on October 20-22 Read more

CEO Of UAE Digital Finance Firm Deem To Step Down

Chris J de Bruin informs board of directors of his plans to resign in order to 'pursue other endeavours' Read more