Middle East Business News

Saudi Bank Mortgages Tripled In Q1

The size of funding also grew 133% compared to the same quarter last year Read more

Abu Dhabi Said To Weigh Multi-billion Dollar Gas Pipeline Deal

Adnoc is speaking to financial advisers about bringing in international investors for the pipelines, which could help ra... Read more

Bahrain's Investcorp Buys US Properties In $170m Deal

Investcorp has acquired about $2bn of US real estate through 21 deals over the past 18 months Read more

From DNA To Electronic Tagging: Terms Of Abdel-Wadood's $10m Bail Package

US Attorney's Office said former Abraaj executive remains under home detention at a Manhattan apartment Read more

UAE's Largest Bank FAB Posts Record Net Profit In Q1

First Abu Dhabi Bank CEO says optimistic for remainder of 2019 after reporting record first quarter net profits Read more

Dubai Crown Prince Approves New Gov't Fine And Fee Payments

Sheikh Hamdan issues a resolution approving the payment of selected Dubai government fees and fines in instalments Read more

Abu Dhabi Fund Set To Deposit $250m In Sudan Central Bank

Abu Dhabi Fund for Development announces plan to secure increased liquidity and strengthen the financial position of the... Read more

Citigroup Sees Surge In Middle East M&A Deals

Senior Citigroup exec says it is working on about seven M&A deals regionally, mainly in Saudi Arabia and the UAE Read more

Oman Seeks Up To $6bn For Airline, Airports Expansion

Oman Aviation Group is aiming to raise funds for the expansion of Oman Air and airports in the country Read more

Kuwait's Global Sells NHS Scotland Building In Edinburgh

Global Investment House says it has sold a property which is leased out to the Scottish government Read more

Saudi Arabia's Alinma Bank CEO Says Open To Merger Opportunities

Saudi Arabia's banking landscape is changing with lenders exploring merger, says Alinma Bank boss Read more

Dubai Islamic Bank Weighs Acquisition Of Local Rival Noor Bank

Dubai Islamic Bank's acquisition of Noor Bank would create a lender with $75bn in assets Read more

Dubai Bank Offers Private Island As Prize In Loyalty Points Promotion

The location of the island is being kept under wraps but Liv says it is the size of five football fields and is connecte... Read more

Lenders Cut Rates On Network's $328m Loan Before London IPO

Network International's share sale earlier this month was one of Europe's biggest offering this year. Read more

US Prosecutors Accuse Former Abraaj Exec Of Hiding Financial Shortcomings

US prosecutors allege that former managing partner Sivendran Vetttivetpillai advocated the fraud in an e-mail to chief e... Read more