Middle East Business News

Elon Musk Makes Light Of Teslas Woes In April 1 Twitter Prank

Carmaker has lost about a quarter of its share value since the end of February due to production woes, heavy debt and an... Read more

Alibaba Buys Delivery Start-up Ele.me In $9.5b Deal

Alibaba is said to have paid all cash in the deal and has acquired all the shares formerly held by Baidu Inc Read more

Nakheel To Build Dh75m Community Mall In Sharjah

Through an alliance with Shurooq, Dubai’s master developer is expanding its turf Read more

Flourish Of Selling In Dubai, But Abu Dhabi Market Flat

Mubasher raises price target of Egyptian index by 6.6% Read more

Oil Extends Rally After US Rigs Decline As Iran Risks Persist

Futures added 0.5 per cent in New York after capping a third straight quarterly gain, the longest winning streak Read more

Dubais Off-plan Sales Dip 37% In First Quarter 2018

Only Meydan and Jumeirah Village Circle showed gains over same period last year Read more

Dubai Properties Begins Handover Of Arabella Town Houses

Process marks on-time delivery for project launched in May 2015 Read more

Somalia Cant Interfere In DP Worlds Port Deal: Somaliland Minister

DP World Berbera benefiting local community, port official Esmail Mahmoud says Read more

A Thriving Hub For SMEs In The UAE

RAKEZ is positioning itself as a destination for small businesses to support the country’s economic diversification Read more

Value Of Mergers And Acquisitions In Mena Drops 57.6% In 2017

Financial services and telecom sectors lead deal flows in Middle East and North Africa Read more

UAE Consumer Electronics Market To Grow 7.7% To Dh14b

Internet retailing to grow by around 6% to Dh950m this year Read more

No Such Thing As Quick Money In UAEs F&B Business

Anyone wanting to get in needs to think well beyond three years to see profits Read more

Etisalat Cuts Roaming Rates For Travellers From UAE

New rates apply to GCC travellers, while non-stop data usage in over 100 countries costs Dh35 per day Read more

UAEs Banking Customer Satisfaction Level Surges To A New High

Trust in banks remain steady at 68 per cent, survey shows Read more

Goldman Watching How Japanese Stocks Start Month

The Nikkei 225 Stock Average has risen on the first trading day of each month from July 2016 to February 2018 Read more