Middle East Business News

'No Significant Impact' On Jobs From Mashreq Branch Closures

Senior exec says bank is retraining employees as part of its digital transformation strategy Read more

Nasdaq Dubai Welcomes $1bn Sukuk Listing By Sharjah

Emirate's total sukuk value listed on the Dubai financial exchange has now reached $3.45bn Read more

DIFC FinTech Hive Launches New Cycle Of Accelerators Programme

Middle East's largest financial technology accelerator says third cycle will kick off in September Read more

Emirates NBD To Pay 14% Less For Turkey's Denizbank After Lira Slide

Emirates NBD will now pay $2.75bn for Sberbank's wholly-owned Turkish unit Read more

Revealed: How Dubai's Mashreq Is Adapting To A New Era In Banking

Mashreq Bank unveils a reimagined branch format as part of its digital transformation strategy Read more

Saudi Shares Overtake Turkey As Destination For US Funds

The amount of money that US-based investors are pouring into Saudi Arabian equities has overtaken flows into Turkish sto... Read more

How Aramco's Giant 2018 Profit Dwarfs Joint Earnings Of 163 Saudi Stocks

$111bn earned by state oil major dwarfs the $28.4bn combined net income for all the companies traded in Riyadh Read more

Prince Khaled Sees Big Gaps In MidEast VC Landscape Despite Careem Deal

Son of Saudi billionaire Prince Alwaleed says Uber's $3.1bn deal for Careem shouldn't mask regional shortfalls in ventur... Read more

Most UAE Angel Investors Prioritise Home Markets - Survey

Research from Abu Dhabi-based global accelerator reveals importance of the UAE market to investors Read more

Middle East Consumers Want Cashless Solutions 'without Fear Of Being Watched', Says American Express CTO

Convenience and security main challenges for multinational financial services firm in the Middle East, according to Jeb ... Read more

Network International IPO Range Values Firm At Up To $3bn

Network International will be the first company of scale to test investor appetite in Europe's lacklustre IPO market Read more

UAE Remittance Group Calls For Safer Landscape To Fight Financial Fraud

Threats and risks are rapidly evolving, according to the vice-chairman of the Foreign Exchange and Remittance Group (Fer... Read more

Kuwait Bank Could Lose Up To $9m Following Technical Issue

Kuwait's Gulf Bank reassured stakeholders, customers after a service disruption Read more

Kingdom Holding To Invest Careem Proceeds In Saudi, Europe

Saudi investment firm owned by Prince Alwaleed made almost 100% return from sale of stake in Dubai ride-hailing firm Read more

Abu Dhabi's Mubadala Said To Mull Options For $10bn Nova

Sources say sovereign wealth fund is working with financial advisers as it weighs what to do with Canadian plastics make... Read more