Middle East Business News

How UAE Small Businesses, Consumers Have Changed Behaviours Amid Covid-19

Nine out of 10 consumers in the UAE have changed how they pay for purchases due to Covid-19, according to Visa Read more

NMC Administrators Say They've Uncovered Most Of The Hidden Debt

NMC will focus on its operations in the UAE and Oman, while considering the sale of the non-core international subsidiar... Read more

Fitch Follows Moody's By Downgrading Oman

Even before the virus outbreak and declines in oil prices, Oman was already among the most vulnerable economies in the s... Read more

Abu Dhabi Investment Office Transfers $145.7m Ventures Fund To ADQ

Collaboration aimed at strengthening Abu Dhabi's digital economy and start-up ecosystem Read more

UAE's Network International Reveals 15.3% Drop In Middle East Revenues For H1

Covid-19 lockdowns and reduced customer spending saw company report $150,000 loss for half year Read more

BR Shetty Steps Down As Co-chair And Director Of Finablr

UK's HMRC has moved to suspend business registrations of UAE Exchange UK Ltd. and Xpress Money Services Ltd Read more

Bahrain's Mumtalakat And Acrapita Exit NAS Neuron Investment

Stake has been sold to a leading US-based Fortune 500 company Read more

Saudi Sovereign Fund Said To Hire Ex-Morgan Stanley Risk Officer

PIF received an injection of $40bn from the kingdom's reserves in March and April as it sought investment opportunities ... Read more

Saudi's PIF Ditches Blue-chip Stocks, Adds ETFs

Kingdom transferred about $40bn to the PIF from its central bank in March and April to boost its financial fire power Read more

Saudi Wealth Fund Is Said To Repay $10bn Bridge Loan

Loan taken last year ahead of $70bn sale of stake in Saudi Basic Industries Corp Read more

Premier League Chief Opens Up On Saudi-funded Failed Newcastle Bid

PCP Capital Partners' largely Saudi-funded $445 million bid to buy the Premier League club collapsed recently Read more

Dubai's Shuaa Pauses Some Deals As Virus Causes Strategic Shift

Shuaa Capital is focused on its main businesses and on becoming more efficient, chief executive officer Jassim Alseddiqi... Read more

Munich Re Among Reinsurers Exposed To 'major' Beirut Blast Loss

Property damage alone from the blast, which killed more than 150 people and triggered the collapse of Lebanon's governme... Read more

State Street Opens Saudi Office As It Expands Into Middle East

The Boston-based financial-services firm is entering Saudi Arabia as part of its plans to boost its presence in the Midd... Read more

Emirates NBD In Talks To Buy Lebanese Bank's Egyptian Business

Discussions are ongoing and there is no certainty that a deal will be completed, Dubai-based Emirates NBD said Read more