Middle East Business News

GCC States Remain Committed To Gulf Railway

16 international technical agreements in place to cover design and operation of project, GCC official says Read more

Gulf Capital Acquires Controlling Stake In ACCUMED

The company managed more than 9 million medical claims worth over Dh 4.1 billion till date Read more

Gold-standard Rules Sought By Billion-euro Bitcoin Broker

While cryptocurrency transactions in the European Union above 10,000 euros ($12,310) should be subject to anti-money lau... Read more

Kazakhstan, UAE Trade Ties On Upswing

Flydubai plans to start flights to Kazakh city of Aktau Read more

UAE, Botswana Officials In Talks To Boost Trade Ties

UAE eyes opportunities in tourism, agriculture, healthcare, communications Read more

DFM Falls As Tadawul Outshines Regional Peers

Emirates NBD extends gains for another session but Dubai index extends declines while ADX ends flat Read more

Another Reason Why UAE Investors Should Target The US

Canada’s Vancouver has done itself no favours by imposing 15% tax on foreign property buyers Read more

London House Prices Drop At The Fastest Pace Since 2009

Average prices fall to £593,396 in January, an annual decline of 2.6 per cent, the most since August 2009 Read more

VAT Implementation Makes SME Lending Safer

SME lending undergoes some fundamental changes Read more

UAE Banks Set For Strong Asset Growth And Higher Profitability In 2018

NPLs to decline on implementation of IFRS 9 and collateralised lending to SMEs Read more

UBS Sees Business As Normal As It Contests Hong Kong Suspension

UBS discloses the suspension by Hong Kong’s securities regulator, the SFC, in its annual report released on Friday Read more

United Arab Banks Rights Issue Successfully Subscribed By 124%

The bank plans to increase its capital by Dh687.5 million to Dh2.06 billion from the earlier capital of Dh1.38 billion Read more

Egypt Picks 4 European Banks To Manage International Bond Sale

The government plans to issue $3 billion-$5 billion in international bonds in fiscal 2018-2019 Read more

Dubais Majid Al Futtaim Hires Banks For Perpetual Dollar Bond

The potential subordinated perpetual bond will be non-callable for eight years and will be of benchmark size Read more

Thomson Reuters Launches Bitcoin Sentiment Gauge For Crypto Traders

Bitcoin’s price gained more than 1,300 percent last year as investors piled in Read more