Middle East Business News

Gulf Firms Confront New Era Of Low Oil Prices With Merger Wave

The growing number of transactions the Gulf region should encourage public and private companies to consider the M&A... Read more

South African Expats Will Soon Have To Start Paying Tax: A Guide For Those In The UAE

Expats living in the UAE will be forced to pay 45% on earnings over $75,000 from March 2020 Read more

Bahrain's Investcorp Sells US Home Maintenance Firm

Wrench Group is sold by Investcorp to Leonard Green & Partners, a Los Angeles-based private equity firm Read more

$10bn Saudi Aramco Bond Sale To Close On Wednesday

International investors have so far made bids totalling three times the value of the bonds, says Saudi minister Read more

Dubai Islamic Bank Is Said To Consider Acquiring Noor Bank

Dubai Islamic Bank held preliminary discussions with Dubai-based Noor Bank's shareholders, according to sources Read more

Ex-Morgan Stanley Banker Leading Middle East Charge Toward Boutiques

Boutique advisory firms are earning almost a quarter of all investment-banking fees paid in the Middle East, up from jus... Read more

Interest In Saudi Aramco Bond Sale Said To Reach $26bn

State-owned oil giant drums up support for its debut offering at presentations in New York, Chicago, Singapore and Tokyo Read more

UAE's New FDI Law Could Accelerate Inflows By Up To 20%

Landmark law will be discussed at the Annual Investment Meeting 2019 in Dubai next week Read more

Saudi's SALIC Makes First Australian Farming Acquisition

Saudi Agricultural and Livestock Investment Company buys 200,000 hectares in Western Australia's wheat belt Read more

Opinion: Only Two Stars For The Uber-Careem Deal

Elie Khouri, CEO of Omnicom Media Group MENA, takes a longer-term of the record-breaking transaction Read more

Abu Dhabi Fund Approves $80m Loan For Argentina Water Project

Abu Dhabi Fund for Development agrees financing for expansion of a water treatment plant in Desvio Arijon Read more

India's Central Bank Cuts Interest Rate With More Easing Seen

Thursday's cut reverses the 50 basis points of increases delivered by the Reserve Bank of India last year Read more

FAB 'strongly Denies' It's Considering A Merger With ADIB

A First Abu Dhabi Bank spokesperson said the bank is "fully focused on unlocking its full potential and maximising share... Read more

SoftBank To Seek $15bn More For Its Huge Tech Fund

SoftBank's Vision Fund - backed by Saudi Arabia and Abu Dhabi - has invested more than $70 billion in tech companies in ... Read more

Abu Dhabi Said To Mull Merger To Create Biggest MidEast Bank

Sources say emirate is considering combining Abu Dhabi Islamic Bank with First Abu Dhabi Bank Read more