Middle East Business News

Facebook Shares Plunge 5.2 Per Cent As FTC Confirms Investigation On Privacy

FTC investigation is focused on whether Facebook violated terms of a 2011 consent decree over its handling of personal u... Read more

Waha Capital AGM Approves 17.5 Per Cent Dividend

Michael Raynes appointed as the new Chief Executive Officer Read more

Fit-out Projects In Gulf Seen At $9b This Year

Four-day Index interior expo expected to attract over 30,000 visitors and 1,000 exhibitors Read more

SEDD Renews MoU With Korean Government Agency

Memorandum to enhance cooperation between Sharjah, South Korea Read more

Ithmaar Eyes Return To Sustainable Profitability

Chairman tells AGM that 2017’s achievements paving way for group’s continued transformation; consolidated financial ... Read more

IMF Boss Urges Rainy Day Fund For Eurozone

Christine Lagarde said such a fund could cushion members when they hit economic hard times Read more

Dubai Index Tumbles To New 52-week Low

FAB supports Abu Dhabi index Read more

JPMorgan Brings Amazons Alexa To Wall Street Trading Floors

The bank and the e-commerce giant have partnered to provide JPMorgan’s Wall Street users with another way to access it... Read more

City Centre In Masdar To Open In Q2 2019

Majid Al Futtaim group breaks ground on the Dh340m project, which will feature 77 stores Read more

Goldman Sachs No Longer One Of Top Three Commodities Banks

US-based investment bank Goldman has been among the top three since Coalition started compiling the figures in 2010 Read more

US Gunmaker Remington Files For Bankruptcy

Remington, America’s oldest gunmaker, said in February it would reduce its $950m debtload in a deal that will transfer... Read more

Marka Updates Figures To Reflect Steeper Loss

Preliminary figures issued last month showed losses at Dh218m Read more

Toshiba Awaits Regulator Approval For Key Chip Unit Sale

Under the deal, Toshiba had expected to meet all the sale conditions by March 23 and complete by March 30 Read more

Abraaj Is Said To Consider Sale Of Fund Unit Stake To Raise Cash

The group has held discussions with advisers about selling part of the newly separated investment business, according to... Read more

Bolton Trade Triggers Rallies In Defence, Energy Sectors

Shares of US energy producers and defence contractors rallied as the broader market slipped Read more