Middle East Business News

Egypt Doubles Private Sector Funding As Coronavirus Crisis Continues To Bite

Analyst says the move is in keeping with the Egypt Central Bank's policy to bolster the economy during challenging times Read more

Premier League Denies Rejecting Saudi Takeover Of Newcastle Utd

Potential takeover could proceed to the next stage should the relevant entities provide all appropriate information, say... Read more

IMF Ready To Help Blast-hit Lebanon Once New Government In Place

Country is facing a severe economic crisis after a neglected warehouse full of fertiliser ignited in a cataclysmic blast... Read more

IMF Chief Warns Global Economic Crisis 'far From Over'

There are currently 128 coronavirus vaccines under development across the world Read more

Rise In Indian Remittances From The Gulf Hides Tales Of Coronavirus Heartbreak

Indian banks see jump in remittances from the GCC by as much as 20% but the global pandemic still spells misery for many... Read more

Saudi Central Bank Chief Says No Time To Relax After Coronavirus Crisis

Ahmed Alkholifey, head of the Saudi Arabian Monetary Authority, says he is confident the country's economy will weather ... Read more

GCC Investor Sentiment Rebounds After Q2 Coronavirus Hit

Iridium Advisors' research shows how Saudi Arabia took a 34 point battering to investor sentiment in the second quarter ... Read more

Lebanese Insurance Industry Faces Up To Life After Beirut Port Blast

CEO of insurance major says industry will 'weather the storm' after damage is estimated at $15bn Read more

Dubai-based KEN Investments Leads Pioneering Funding In US Fintech Start-up

Investment in Salaryo pairs Israeli technological innovation with the UAE's financial expertise Read more

Could Gulf Remittances Increase After Indian Rupee Hits Downward Spiral?

NRI remittances to India, especially from the Gulf region, normally see a spurt whenever rupee value plunges against the... Read more

US Sanctions To Beirut Port Blast: Key Moments In Lebanon's Economic Downfall

Less than a decade ago, Lebanese banks were the crown jewel of the economy. Today they are in crisis. What went wrong? Read more

Israel's Two Biggest Banks Sending Delegations To UAE

Representatives from Bank Hapoalim Ltd and Bank Leumi le-Israel Ltd to travel to the UAE this month Read more

World Bank Cancels Loan To Fund Controversial Dam Project In Lebanon

Bisri Dam was partially suspended in June after the World Bank said it raised concerns about the project's implementatio... Read more

Saudis Voice Concerns About Higher Taxes, Rising Costs

Euromoney virtual investor conference is dominated by Saudis anxious about higher taxes and rising costs Read more

Dubai Says To Continue Infrastructure Spending After $2bn Bond Issuance

Investors rush to invest in Dubai as order book for gov't bond and sukuk is five times oversubscribed Read more