Middle East Business News

Turkish Major Koc Holding Says It Is Not In Talks Over Sale Of Yapi Kredi Shares To Qatars QNB

The clarification came after local media reported on a potential deal with Qatar bank Read more

Saudi Central Bank Net Foreign Assets Fall By $21bn In October, Data Shows

Net foreign assets fell to $412.6 billion last month Read more

Middle East Operating WadzPay Secures $37mn Investment Commitment From GEM Global Yeild

The company said the capital infusion will accelerate its growth strategy via acquisitions, partnerships and organic in... Read more

Saudi Arabia Foreign Direct Investment Hits $240bn As Over 800 Reforms Lure Businesses

More than 800 reforms are attracting investors to Saudi Arabia Read more

Eyewa Raises $100m In Series C Funding Round, Plans 100 New Stores In 2025

Rapidly growing eyewear retailer eyewa plans massive expansion in 2025 after securing $100m in funding Read more

Dubai Regulator Imposes $2.5mn In Fines In Financial Services Crackdown

The DFSA finalised eight enforcement actions and issued 24 alerts in 2024 Read more

UK Regulator Fines Barclays $51mn After It Drops Appeal Over Qatar Dealings

The fine by the Financial Conduct Authority dates back to the 2008 crisis, when Barclays scrambled to raise funds from ... Read more

Morgan Stanley To Set Up Mideast Regional HQ In Saudi Arabia

The regulatory nod will make it the latest Western bank to expand its operations in the country Read more

UAE Calls On Taxpayers To Register This Week To Avoid Fines

UAE clarifies deadlines and procedures for Corporate Tax registration Read more

Mubadala Capital To Take Canadas CI Financial Private In $3.34 Billon Deal

Shareholders to receive CAD32 in cash per share, representing a premium of 33% over the last closing price; Stock jumps... Read more

Middle East Investors View Saudi Arabia As Top Private Debt Fund Market

Institutional investors view Saudi Arabia as the most promising market for private debt funds Read more

US Fed Will Make Quarter Per Quarter Total Cuts Of 100bps In 2025: UBS

However, there is potential for President-elect Donald Trump’s policies to slow inflation reduction Read more

ADNOC Considering Selling Minority Stake In Gas Unit: Report

The deal, which could be worth billions of dollars, is expected to be announced in the coming days, according to media ... Read more

UAE Launches Digital Platform To Modernise Finance Sector

UAE introduces Know Your Customer platform as it looks to develop financial infrastructure Read more

UAE Suspends Exchange House, Shuts 2 Branches

Central Bank of the UAE suspends the business of Al Razouki Exchange Read more