Arab Business News
Lenders Cut Rates On Network's $328m Loan Before London IPO
Middle East Business News - Published date: .
Network International's share sale earlier this month was one of Europe's biggest offering this year. Read more
US Prosecutors Accuse Former Abraaj Exec Of Hiding Financial Shortcomings
Middle East Business News - Published date: .
US prosecutors allege that former managing partner Sivendran Vetttivetpillai advocated the fraud in an e-mail to chief e... Read more
Saudi Construction Giant Dar Al Arkan To Redeem $400m Sukuk
Middle East Business News - Published date: .
Dar Al Arkan Real Estate Development Company says to pay sukuk out of its internal cash reserves Read more
UAE's Al Hilal Bank Plans Digital Transformation Under New CEO
Middle East Business News - Published date: .
Amr Al Menhali, newly appointed as Al Hilal Bank's CEO, will lead a digital transformation to enhance customer experienc... Read more
Abu Dhabi Could Host Khabib Vs Poirier In September
Sports and Eneterainment - Published date: .
The fight in September is one of three global UFC events Read more
Saudi Arabia, UAE Pledge $3 Billion To Sudan
Middle East Business News - Published date: .
The two countries pledge includes a $500 million injection of funds into Sudan's Central Bank Read more
Bahrain's GIB Establishes Saudi Arm With $2bn Capital
Middle East Business News - Published date: .
The bank's Saudi arm will be owned equally by GIB and Saudi Arabia's Public Investment Fund Read more
Crawford Stops Khan To Retain WBO Welterweight Title
Sports and Eneterainment - Published date: .
Crawford, who was making the second defence of his title, had little trouble controlling the fight and winning by a tech... Read more
Dubai Offers Investment Opportunities In Major Public Parks
Middle East Business News - Published date: .
Dubai Municipality says investors are being sought for Creek Park, Mamzar Smart Park, Mushrif Park, Zabeel Park and Safa... Read more
The Rise And Fall Of Dubai's Abraaj Group
Middle East Business News - Published date: .
They were managing $14bn in assets but the star players behind The Abraaj Group, Arif Naqvi and Mustafa Abdel-Wadood, ar... Read more
Third Senior Abraaj Executive Said To Have Been Arrested
Middle East Business News - Published date: .
Sev Vettivetpillai, a former Abraaj managing partner, has reportedly been arrested for extradition to the US and is due ... Read more
Kuwait-backed Firm Buys 50% Stake In UK Shopping Mall
Middle East Business News - Published date: .
Cale Street Investments, a firm backed by the Kuwait Investment Office, has announced a 50/50 joint venture for the Intu... Read more
Saudi Mining Giant Says To Make First International Acquisition
Middle East Business News - Published date: .
Ma'aden says deal for an 85% stake in the Mauritius-based Meridian Group is due to be completed by September Read more
Bahrain's Investcorp Inks Commercial Property Deal In Frankfurt
Middle East Business News - Published date: .
The acquisition is Investcorp's third real estate investment in Germany in the past 12 months Read more
Mohamed Salah Calls For Change In Treatment Of Women In Muslim World
Sports and Eneterainment - Published date: .
Egyptian football star Mohamed Salah said while his attitudes towards gender equality had evolved over the years, he wan... Read more
Emirates NBD Sees UAE Rate Climb Reversing On Tax Giveaway
Middle East Business News - Published date: .
The government probably held as much as $11bn in bank deposits following the introduction of a 5% value-added tax in ear... Read more
Finablr's $200m IPO To Be Completed By Mid-May
Middle East Business News - Published date: .
Finablr CEO Promoth Manghat said he expects the listing will allow the firm to scale up and explore new opportunities in... Read more
Dubai's Emirates NBD CFO Subramanian To Leave After 9 Years
Middle East Business News - Published date: .
Surya Subramanian expressed a 'desire to return to Singapore to pursue family interests' Read more
Dubai's Emirates NBD Reports Increased Profits On Loan Growth, Forex
Middle East Business News - Published date: .
Emirates NBD said economic activity in 2019 to be underpinned by higher oil production as well as increased government s... Read more
Dubai's Biggest Bank Celebrates Listing Of $1bn Bond
Middle East Business News - Published date: .
Senior banker rings the market-opening bell at Nasdaq Dubai to celebrate the listing of a $1bn conventional bond Read more