Middle East Business News

UAE Central Bank Slaps $27.8mn Fine On Exchange House

The UAE central bank has not disclosed the identity of the exchange house Read more

Al Salam Bank Exits Its 15.6% Shareholding In Seef Properties

The Bahrain bank’s newly formed asset management firm, ASB Capital, acts as sell-side advisor in the sale to GFH Read more

Investcorp Exits 12 US Residential Multiple-occupancy Assets

Exit was secured at a premium at a combined value of approximately $550 million; Assets were spread across five states Read more

MENA Region Records $46bn In M&A Activity In Q1

UAE leads MENA region in M&A activity as volumes and value see significant gains Read more

Comera Receives UAE Central Bank Approval To Launch Finance Company

Once operational, Comera Finance will offer a full suite of financial products and services, spanning retail, SME, and ... Read more

Saudi Aramco Issues 5-30 Year Dollar-denominated Bonds For $5bn

The oil giant still has a low gearing ratio among global oil companies, which gives them room for increased borrowing, ... Read more

CBUAE Issues $5m Fines To Foreign Banks

UAE Central Bank fines foreign banks over anti-money laundering violations Read more

UAEs Etihad Credit Insurance Reports Over 15% Jump In Insured Turnover To AED 16.2bn In 2024

Etihad Credit Insurance achieved AED 11 billion in gross exposure and maintained its AA- Fitch rating, boosting UAE exp... Read more

Bahrains Investcorp Sells Entire Stake In Indian Retailer Citykart

Alternative investment firm Investcorp sells entire Citykart stake to TPG NewQuest and A91 Partners Read more

GFH Capital, Al Tijaria Announce Logistics Partnership Focused Across GCC Region

Under the agreement, Al Tijaria will act as a technical advisor for one of GFH Capital’s logistics funds Read more

Worldpay Sees Surge In Real-time Payments And Digital Wallets As Regulatory Reforms Reshape UAE Landscape

Worldpay says regulatory changes, a growing appetite for digital wallets, and strong demand for real-time payouts are d... Read more

Binghatti, ADIB Sign Massive Deal For Sharia-compliant Home Financing In Dubai

The agreement will enable homeowners to secure financing once construction reaches 35 per cent completion across Bingha... Read more

Agentic AI Takes Over Credit Sanctions Role As UAE Banks Make Major Strides In Digital Banking

The digitalisation drive is leading to the emergence of major partnerships between banks and fintechs in the region Read more

Dubais Invictus Acquires Majority Stake In Angolan Fertiliser Company

Strategically located, Angata specialises in tailored fertiliser blending; It's the third major acquisition by Invictus... Read more

Abu Dhabi Fines 23 Entities $166,000 Over Tax Rules

Abu Dhabi General Market hands out tax fines over tax rule violations Read more