Middle East Business News

Shuaa Capital Reports $72m Profit For Q2

Shuaa said its operating businesses, asset management and investment banking showed a strong recovery in profitability i... Read more

Emirates NBD Says Upgrade Issues Have Been 'resolved'

Customers have been without online banking facilities since last week Read more

Kuwait Pension Fund Plans To Triple Infrastructure Investments

Kuwait pension fund will also 'slightly increase' investments in hedge funds and real estate Read more

Dubai Businesses Return To Growth First Time Since Virus Struck

Businesses in Dubai are benefiting from the lifting of lockdown restrictions, with foreign visitors allowed to enter the... Read more

Egypt, EIB Plan Financing Worth $1.3bn For The Transportation Sector

Funding will go towards rehabilitating a tram line and a railway line in Alexandria and a line in Cairo's underground me... Read more

Emirates NBD Apologises After Upgrade 'teething Issues' Causes Service Chaos

Bank customers have taken to social media to demand answers after being unable to access online banking over the weekend Read more

UAE Central Bank Unveils Further Measure To Boost Banks' Capacity

Central Bank of the UAE said this easure will support the implementation of the already adopted TESS measures worth AED2... Read more

Bahrain's Investcorp Posts $165m Loss, Targets 50% AUM Growth

Investcorp 'committed to advancing our growth strategy and reaching $50 billion in AUM over the medium term' Read more

Byblos Bank Reports First Annual Loss Since 1963

'Dramatic factors' in Lebanon blamed for the $122m loss reported for 2019 Read more

Kuwait's $112bn Pension Fund Has Cash To Burn After Revamp

The Public Institution for Social Security had a record investment profit of $7.3 billion in the three months through Ju... Read more

Dubai School Operator GEMS Raises Extra Debt To Bolster Its Cash

GEMS said the 'incremental' funding will be used to support working capital needs Read more

NMC Health Administrators Secure $250m Funding

Perella Weinberg Partners have been retained as the investment bank to explore the potential sale of the international b... Read more

Dubai Investments Reports 42% Drop In Half Yearly Profits

Dubai Investments revealed H1 profits decreased to $55.78m as a result of Covid-19 impact Read more

UAE Investors Eyeing Up Sustainable Opportunities

Latest survey from Standard Chartered revealed 90% are keen on green investments Read more

JPMorgan Sees Virus Fallout Stoking Middle East Deals Into 2021

The first six months saw $72 billion of bond issuance from the region, the busiest start yet Read more