Middle East Business News

Dubai Wealth Fund Eyes 'investment Opportunities' With Russia's RDIF

Agreement signed as part of President Vladimir Putin's visit to UAE Read more

Dubai's DIFC Sees 45% Annual Jump In Islamic Assets

Dubai International Financial Centre's growth comes as emirate remains one of the world's largest centres for sukuk list... Read more

Carlyle Group Concludes Deal To Buy Cepsa Stake From UAE's Mubadala

Funds affiliated with Carlyle have acquired a 37% shareholding while Mubadala will remain the majority shareholder Read more

Aldar Investment Unit Sees Strong Demand For $500m Sukuk

Aldar Investment Properties announced on Wednesday the successful placement of a fixed rate $500 million dollar-denomina... Read more

UAE Investment In Russia Could Reach $10bn, Says RDIF's Kirill Dmitriev

Multiple deals worth $1.4bn were signed between two countries during Russian President Vladimir Putin's recent visit to ... Read more

Saudi Aramco Said To Pay Up To $450m To IPO Advisors

Sources say Saudi energy giant will pay between $350-450m to group of more than 20 banks advising on IPO Read more

UAE Regulator Seeks Feedback On Draft Crypto Asset Rules

Securities and Commodities Authority calls on all relevant parties to provide feedback on draft crypto regulations by Oc... Read more

Why The World's Biggest IPO Will Test Saudis' Faith In Crown Prince

Frenzy of excitement across the kingdom and social media over the IPO is only eclipsed by its importance Read more

Dubai's Mashreq Announces Appointment Of New CEO And Chairman

Former CEO Abdullah Abdul Aziz Al Ghurair becomes chairman of Mashreq after 30 years in previous role Read more

Telegram May Delay Coin Launch As SEC Halts US Sales

Dubai-based Telegram, which raised more than $1.7 billion last year for its project, told investors it's evaluating ways... Read more

Russian Sovereign Wealth Fund Eyes Joint Investments With UAE, Saudi Arabia

Russian President Vladimir Putin will visit the UAE and Saudi Arabia this week Read more

Actis Acquires Management Rights To Two Abraaj Funds

The move is meant to bolster Actis' position in the MENA region Read more

Cash-strapped Lebanon Looking To Eurobond Buyers To Ease Financial Strain

Lebanon has mandated four banks to market the latest Eurobond sale, which is due to be finalised this month Read more

Six-month Deposits In UAE Banks Up 10.4% To $49.6bn

Deposits accounted for 19.4% of the total deposits value from January through to August Read more

Singapore's Temasek To Rule Out Investment In Aramco IPO

Temasek's focus on sustainability and environmental, social and governance principles made it more difficult to support ... Read more