Middle East Business News

Mild Buying Continues On UAE Bourses As Saudi Index Declines

Saudi Arabia’s Tadawul index closed 0.72 per cent lower to 7,814.54, extending losses for another session Read more

Mohammad Bin Rashid Partially Amends Law Regulating Security Industry

The new Law amends Article (21) of Law (12) of 2016 Read more

Market Shake-up Deepens In Kuwait In Bid To Draw Stock Investors

The bourse will divide its stocks into three sections, based on criteria including their market capitalisation and the v... Read more

Bitcoin Breaches $7,000 In Downbeat End To Dismal Quarter

The moves took the token’s losses in 2018 to a whopping 50 per cent, and other digital assets, including rivals Ripple... Read more

$1.5tr Fund Dares Active Crowd To Prove Its Worth

Only if they outperform their benchmarks will the active managers see increased fees Read more

Iraq Brings Forward Awarding Of New Oil Contracts To April 15

The new contracts will exclude oil by-products from the companies’ revenues Read more

Gulf General Investment Company In Talks With Lenders To Restructure Debt

The Sharjah-based firm is in the process of negotiating with its lenders to restructure certain existing loan and credit... Read more

Chinas Yuan To Post Biggest Quarterly Rise Against Dollar In A Decade

Yuan appreciated around 3.7 per cent during the March quarter Read more

Saudi Arabias Emerging Market Status Comes With Sobering History

The Saudi stock benchmark advanced to the highest since 2015 Wednesday before FTSE Russell’s decision Read more

Dar Al-Arkan Lists $500 Million Sukuk On Nasdaq Dubai

Listing supports Dar Al-Arkan’s financing strategy to access the capital markets Read more

Automakers Hope To Avoid Market Disruption In The Latest Trump Vs California Fight

Officials in California, whose standards have been adopted by a dozen other states, vow to challenge any rollback by EPA... Read more

20 Years After Viagra, Pfizer Seeks Another Miracle Drug

Pfizer forecasts it will spend $7.4 to $7.9 billion this year on R&D Read more

Justice Department Asks Court To Drop Microsoft Email Case

US Solicitor General urges the Supreme Court to set aside a federal appeals court decision in Microsoft’s favour Read more

Coal Generator That Trump Tried To Save Files For Bankruptcy

The company had already announced plans to shut three nuclear plants in the PJM region and has closed several coal-fired... Read more

Investment Banks Promise Reform After Admitting Big Gender Pay Gaps

Wide pay gaps caused by having fewer women in senior roles Read more