Middle East Business News

Bahrain's Arcapita To Boost Investments In The US

The firm expects to close two additional real estate assets in the US this year Read more

Dubai Royal Backs Cryptocurrency Fund Manager Invao

Emirates Group chairman Sheikh Saeed bin Ahmed Al Maktoum to support Invao as it seeks investors in the UAE Read more

Bahrain's Investcorp Sees 23% Jump In Deals To $571m

Alternative investment firm reports 5% increase in net income despite 'challenging macroeconomic environment' Read more

Dubai's Empower Eyes Expansion After $410m Loan Deal

District cooling giant says will use the funds to expand capacity and district cooling infrastructure in Dubai projects Read more

IMF Board Approves $2bn Loan Instalment For Egypt

Latest instalment brings the total paid to Cairo to about $10 billion since the loan deal was signed in November 2016 Read more

Record Foreign Buying Of Saudi Stocks In January

Investors from outside the country and the Gulf were net buyers of $1.17bn of Saudi-listed stocks in January Read more

Revealed: $27m Scheme To Boost SME Funding In The UAE

Emirates Development Bank has announced the launch of the new Credit Guarantee Scheme Read more

DIFC Regulator Suspends Licence Of Dubai Financial Services Firm

Dubai Financial Services Authority suspends Morgan Gatsby Limited for period of 12 months Read more

UAE Bank Offers Customers 0% Instalment Plan For Dubai Traffic Fines

Repayments can be made over a number of months by downloading the Dubai Police smart app or using Dubai Police website Read more

Saudi Arabia's Alawwal Bank Training All Employees In AI

Alawwal Bank managing director Soren Nikolajsen said that the courses also show the limitations of AI technology and wha... Read more

Abu Dhabi's FAB Surges As It Seeks To Raise Foreign Ownership

The UAE's biggest lender aims to raise the cap to 40% from 25% Read more

Gulf Bank Shareholder Aims To Build $880m Stake In Lender

Alghanim Trading Co made arrangements with related parties to acquire a 9.2 percent stake off-market Read more

Why Chinese Investors Are Increasingly Looking At Dubai

Hong Kong-based investment expert says Chinese investors are being attracted by high yields and political stability Read more

UAE's Biggest Bank Posts Q4 Net Profit Of Nearly $800m

First Abu Dhabi Bank reports 3.9% rise in net profits for the fourth quarter on higher investment returns and lower cost... Read more

UAE Industrial Giant Agrees $6.5bn Debt Refinancing Deal

Emirates Global Aluminium signs loan facility with a group of global and regional banks Read more