Middle East Business News

Abu Dhabi Crown Prince Orders $1.8bn Housing Packages For Emiratis

Sheikh Mohamed bin Zayed Al Nahyan's directive aims to double the number of housing loans to UAE citizens Read more

Bahrain's Investcorp Invests $45m In Indian Healthcare Firm

Investcorp has announced that it has closed a $45m investment in Nephrocare Health Services Private Limited Read more

UAE Billionaire Wealth Falls More Than $4bn To Under $20bn

UBS and PwC Billionaires Insights report reveals there were seven billionaires in the UAe in 2018, unchanged from previo... Read more

Why Saudi Aramco's IPO Is No Ordinary Share Sale

Key questions answered on Saudi oil giant's IPO ahead of its launch next month Read more

What Are The Prospects For GCC Banks In 2020?

Moody's Investors Service says the outlook for GCC banks remains stable, expect in Oman Read more

Is $1.7trn A Fair Valuation Of Saudi Aramco?

Some money managers believe the energy giant is worth less than the valuation target of Saudi Arabia's Crown Prince Moha... Read more

Dubai Real Estate Fund Aims To Double In Size, Launch IPO Within 3 Years

Manrre Real Estate Fund reported a 12.5% return during its first year in operation Read more

Strong Rupee, Falling Interest Rates Lead To Plunge In NRI Deposits In India

Kerala, home to a large chunk of expat Indians, however, has seen growth in both NRI remittances and bank deposits in th... Read more

Aramco Said To Tap Saudi Billionaires For Major IPO Orders

Olayan family and Prince Alwaleed Bin Talal among big names reportedly negotiating deals to buy stock in Aramco Read more

Uber's Ex-CEO Said To Get $400m From Saudis For Food Start-up

Wall Street Journal says Travis Kalanick has received funding from Saudi Arabia's Public Investment Fund Read more

Saudi Aramco's Lavish Dividends Seen Stretching Finances In Oil Slump

To lure investors, Aramco has promised a bumper dividend payment of at least $75bn a year Read more

Bahrain's Investcorp Signs Deal To Invest In Asian Food Brands

New platform is aiming to raise $500m to invest in food brands in China, Singapore and greater Southeast Asia Read more

Aldar Unit Lists $500m Sukuk On Abu Dhabi Stock Market

Aldar Investment Properties says sukuk issuance was six times oversubscribed Read more

AB Crossfire: Will Cryptocurrency Replace Fiat In The Near Future?

Amidst concerns over volatility, regulations and the absence of a unified legislation, will cryptocurrency go mainstream... Read more

Drake & Scull Chief Vows To Complete Probe Into 'hidden Losses'

Chairman says new management is committed to completing ongoing investigations into all actions taken by the company's p... Read more