Middle East Business News

Trade Worries Send US Equities Lower; Gold Up

The Dow Jones Industrial Average was 0.45 per cent lower to 23,994.08 Read more

First Abu Dhabi Bank Completes One Year Of Operations

Bank was created through merger of National Bank of Abu Dhabi and First Gulf Bank Read more

Dip In Demand Expected For Fujairah Hotels

Revenue jump forecast for hotels in Riyadh, Kuwait Read more

Tabarak Given More Time To Close UAB Stake Buy, Sources Say

One source said the delay was due to a cross-border bank guarantee Tabarak needed from an international lender Read more

DED Launches Commercial Compliance Initiative

The move is intended to to support business owners Read more

RAK Government Launches Petroleum Licensing Round

The Licensing Round is being supported by RAK’s national oil company, RAK Gas Read more

Elon Musk Makes Light Of Teslas Woes In April 1 Twitter Prank

Carmaker has lost about a quarter of its share value since the end of February due to production woes, heavy debt and an... Read more

Alibaba Buys Delivery Start-up Ele.me In $9.5b Deal

Alibaba is said to have paid all cash in the deal and has acquired all the shares formerly held by Baidu Inc Read more

Nakheel To Build Dh75m Community Mall In Sharjah

Through an alliance with Shurooq, Dubai’s master developer is expanding its turf Read more

Flourish Of Selling In Dubai, But Abu Dhabi Market Flat

Mubasher raises price target of Egyptian index by 6.6% Read more

Oil Extends Rally After US Rigs Decline As Iran Risks Persist

Futures added 0.5 per cent in New York after capping a third straight quarterly gain, the longest winning streak Read more

Dubais Off-plan Sales Dip 37% In First Quarter 2018

Only Meydan and Jumeirah Village Circle showed gains over same period last year Read more

Dubai Properties Begins Handover Of Arabella Town Houses

Process marks on-time delivery for project launched in May 2015 Read more

Somalia Cant Interfere In DP Worlds Port Deal: Somaliland Minister

DP World Berbera benefiting local community, port official Esmail Mahmoud says Read more

A Thriving Hub For SMEs In The UAE

RAKEZ is positioning itself as a destination for small businesses to support the country’s economic diversification Read more