Middle East Business News

Dubai Crown Prince Approves New Gov't Fine And Fee Payments

Sheikh Hamdan issues a resolution approving the payment of selected Dubai government fees and fines in instalments Read more

Abu Dhabi Fund Set To Deposit $250m In Sudan Central Bank

Abu Dhabi Fund for Development announces plan to secure increased liquidity and strengthen the financial position of the... Read more

Citigroup Sees Surge In Middle East M&A Deals

Senior Citigroup exec says it is working on about seven M&A deals regionally, mainly in Saudi Arabia and the UAE Read more

Oman Seeks Up To $6bn For Airline, Airports Expansion

Oman Aviation Group is aiming to raise funds for the expansion of Oman Air and airports in the country Read more

Kuwait's Global Sells NHS Scotland Building In Edinburgh

Global Investment House says it has sold a property which is leased out to the Scottish government Read more

Saudi Arabia's Alinma Bank CEO Says Open To Merger Opportunities

Saudi Arabia's banking landscape is changing with lenders exploring merger, says Alinma Bank boss Read more

Dubai Islamic Bank Weighs Acquisition Of Local Rival Noor Bank

Dubai Islamic Bank's acquisition of Noor Bank would create a lender with $75bn in assets Read more

Dubai Bank Offers Private Island As Prize In Loyalty Points Promotion

The location of the island is being kept under wraps but Liv says it is the size of five football fields and is connecte... Read more

Lenders Cut Rates On Network's $328m Loan Before London IPO

Network International's share sale earlier this month was one of Europe's biggest offering this year. Read more

US Prosecutors Accuse Former Abraaj Exec Of Hiding Financial Shortcomings

US prosecutors allege that former managing partner Sivendran Vetttivetpillai advocated the fraud in an e-mail to chief e... Read more

Saudi Construction Giant Dar Al Arkan To Redeem $400m Sukuk

Dar Al Arkan Real Estate Development Company says to pay sukuk out of its internal cash reserves Read more

UAE's Al Hilal Bank Plans Digital Transformation Under New CEO

Amr Al Menhali, newly appointed as Al Hilal Bank's CEO, will lead a digital transformation to enhance customer experienc... Read more

Saudi Arabia, UAE Pledge $3 Billion To Sudan

The two countries pledge includes a $500 million injection of funds into Sudan's Central Bank Read more

Bahrain's GIB Establishes Saudi Arm With $2bn Capital

The bank's Saudi arm will be owned equally by GIB and Saudi Arabia's Public Investment Fund Read more

Dubai Offers Investment Opportunities In Major Public Parks

Dubai Municipality says investors are being sought for Creek Park, Mamzar Smart Park, Mushrif Park, Zabeel Park and Safa... Read more