Middle East Business News

UAE's Mubadala Opens New York Office Amid US Push

Mubadala Investment Co adds New York to offices in San Francisco as it looks to build presence in the US Read more

Dubai's Network International Jumps In Early Trading After $1.4bn London IPO

Based on the sale price, the company will have a market value of $2.85bn Read more

HSBC Appoints New CEO For Middle East Region

Martin Tricaud has been appointed CEO for the Middle East, North Africa and Turkey region, succeeding Georges Elhedery Read more

Standard Chartered Reaches $1.1bn Settlement On Iran Sanctions

The penalties also cover some $600m in US transactions from 2008 to 2014 that originated at Standard Chartered's London ... Read more

Saudi Aramco Bond Debut Raises $12bn Amid Record Demand

Demand for Saudi Aramco's debut offering was so robust it allowed the energy giant to borrow at a lower yield than its s... Read more

Saudi Aramco Bond Sale Said To Attract Record $92bn Demand

Source says state oil giant is set to bump up bond to $12bn following heavy demand Read more

Bahrain SWF's Property Arm To Buy 36% In Car Parks Firm

Bahrain Real Estate Investment Company says to acquire 36.6% of shares in the Bahrain Car Parks Company Read more

UAE Payment Firm Finablr To Launch London IPO

Holding firm Finablr is behind brands UAE Exchange, Travelex Holdings and Xpress Money Read more

Dubai Esports Team Wins Seed Funding From Angel Investor

Yalla Esports has secured funding from a group of strategic investors, led by angel investor Kushal Shah Read more

Jet Airways Fails To Pay Interest To Etihad-linked EA Partners

Entity set up to finance affiliates of Etihad Airways says Jet Airways India has become the third carrier to fall behind... Read more

Gulf Firms Confront New Era Of Low Oil Prices With Merger Wave

The growing number of transactions the Gulf region should encourage public and private companies to consider the M&A... Read more

South African Expats Will Soon Have To Start Paying Tax: A Guide For Those In The UAE

Expats living in the UAE will be forced to pay 45% on earnings over $75,000 from March 2020 Read more

Bahrain's Investcorp Sells US Home Maintenance Firm

Wrench Group is sold by Investcorp to Leonard Green & Partners, a Los Angeles-based private equity firm Read more

$10bn Saudi Aramco Bond Sale To Close On Wednesday

International investors have so far made bids totalling three times the value of the bonds, says Saudi minister Read more

Dubai Islamic Bank Is Said To Consider Acquiring Noor Bank

Dubai Islamic Bank held preliminary discussions with Dubai-based Noor Bank's shareholders, according to sources Read more