Middle East Business News

Aramco May Be Worth $1.5 Trillion Or Less, Some IPO Banks Say

Goldman Sachs, perhaps the most influential bank on Wall Street, told investors it thought Aramco was worth between $1.6... Read more

UAE, Lebanon Studied Projects During Hariri's Visit

Hundreds of thousands of Lebanese protesters have demanded the ouster of an entire political class they blame for endemi... Read more

UAE Plans To Loosen Cap On Bank Lending To Property Industry

UAE banks can currently lend as much as 20% of customer deposits to the property industry Read more

UAE Is 'studying' Possible Aid To Lebanon After Unrest

While the UAE central bank hasn't agreed on specific details, it will 'study and make recommendations in light of the re... Read more

Saudi Crown Prince Seen Green Lighting Aramco IPO On Sunday

Source says Mohammed bin Salman is set to give the long-awaited Aramco IPO the go-ahead Read more

Lebanon Banks Reopen As Protests Ease

Large queues form outside banks from early morning and people rush in as soon as doors opened to cash in their salaries ... Read more

Saudi Arabia Said To Mull Increase In Lending For Aramco IPO

Sources say Saudi Arabian Monetary Authority met banks this week to discuss how much they can lend to domestic stock buy... Read more

Gulf Islamic Investments: Providing A Diverse Set Of Investment Opportunities

Gulf Islamic Investments and its team enjoy a track record of managing $2.8 billion in assets and securing $5.6 billion ... Read more

Bahrain's Investcorp Set To Invest At Least $500m Into Saudi Arabia

Investcorp co-CEO says investment will focus on healthcare, education, social housing, infrastructure, roads, utilities Read more

Gulf Countries Cut Interest Rates, Following US Fed Move

Kuwait lowers borrowing costs for the first time since 2012 in response to US Federal Reserve's decision Read more

Future Investment Initiative: Why It's Okay To Return To Saudi Arabia

How Wall Street titans have smiled and schmoozed at a Saudi investment conference widely shunned last year Read more

Dubai's Samana Group Eyes $1bn Investments As It Sets Up China Base

Imran Farooq, Samana Group CEO is hoping for Chinese investment in three new real estate projects to be launched Read more

Dubai Firm To Invest $50m In Middle East Gaming, ESports Ecosystem

W Ventures says funds to be invested into a new business model that aims to improve gaming in the region Read more

UAE Minister Of Economy And 6 Senior Government Officials To Highlight UAE Economic Advantages At Sharjah FDI Forum

Regional and global leaders, economists and business experts will join senior UAE government officials at the 5th editio... Read more

Date Set For Emirates NBD Rights Issue On Dubai's DFM

Dubai Financial Market says rights issue of the emirate's largest bank is due to be traded between November 3-14 Read more