Middle East Business News

UAE's Network International Ramps Up Business In Saudi Arabia

Last year, the company processed approximately 680 million transactions worth $36 billion Read more

Saudi-backed Blackstone Fund Said To Seek Minority Stake In Carrix

Blackstone Infrastructure Partners was established under an agreement calling for Saudi Arabia's Public Investment Fund ... Read more

No Time To Slow Down: KPMG Lower Gulf's Nader Haffar

Despite fallout from the Middle East's biggest financial scandal in over a decade, the CEO of KPMG Lower Gulf, Nader Haf... Read more

How Real Estate Remains At Heart Of Gulf's Wealth Generation

Knight Frank says Gulf-based UHNWIs have intensified their appetite for global geographic diversification in real estate... Read more

Abu Dhabi's Man City Slams 'false' Claims As UEFA Opens Investigation

UEFA says it is opening an investigation into whether or not Manchester City broke Financial Fair Play rules Read more

One In Five GCC Expats Save Nothing Every Month - Survey

Only 16% of expats put away more than 30% of their monthly income Read more

Saudi Arabia Said To Mull Raising Tax On Local Banks

Sources say Gulf kingdom is considering plans to increase an Islamic tax paid by local banks to as much as 20% Read more

MidChains Plans To Open Crypto Exchange In Abu Dhabi

Financial investment exchange says platform will be focused on the institutional market and professional investors Read more

Growth Of UAE, Saudi Billionaires Set To Stall To 2023

No new billionaires are expected to be created in the UAE and Saudi Arabia over the next four years Read more

Why Oman Has Work To Do Before Bond Sale

If Oman does tap the international bond market, it would join a plethora of governments who sought to take advantage of ... Read more

Cryptocurrencies Won't Succeed Until There's A Single Global Gov't - Kaspersky

Russian cybersecurity boss Eugene Kaspersky says Bitcoin is great but it won't replace the current financial system Read more

UAE Company First To Avail Of Bankruptcy Law At Abu Dhabi Court

In a first of its kind case, the court restructured a company to allow it to pay off its considerable debts Read more

Middle East 'ripe' For Transition To Digital Payments, Says Network Int'l CEO

Network International processed approximately 680 million transactions across the Middle East and North Africa in 2018 Read more

Kuwait's Kamco, Global To Merge Into $13bn Investment Giant

Kuwaiti investment companies sign agreement to cement merger talks and start regulatory process Read more

India's Largest Bank SBI Inks Payments Deal With Hitachi

State Bank of India announces launch of joint venture for a card acceptance and digital payments platform Read more