banking and finance
Gulf Countries Cut Interest Rates, Following US Fed Move
Middle East Business News - Published date: .
Kuwait lowers borrowing costs for the first time since 2012 in response to US Federal Reserve's decision Read more
Dubai's Samana Group Eyes $1bn Investments As It Sets Up China Base
Middle East Business News - Published date: .
Imran Farooq, Samana Group CEO is hoping for Chinese investment in three new real estate projects to be launched Read more
Date Set For Emirates NBD Rights Issue On Dubai's DFM
Middle East Business News - Published date: .
Dubai Financial Market says rights issue of the emirate's largest bank is due to be traded between November 3-14 Read more
Standard Chartered Pre-tax Profit Up 16% In Q3
Middle East Business News - Published date: .
The lender said it earned $1.24 billion before tax in July-September, against forecasts for a drop Read more
UAE's Biggest Bank FAB Expands Saudi Operations
Middle East Business News - Published date: .
First Abu Dhabi Bank announces opening of a branch in Al Khobar, with Jeddah to follow shortly Read more
JPMorgan Says Saudi Business Is Fastest Growing Globally
Middle East Business News - Published date: .
Senior exec says Saudi Arabia will become one of the main hubs in the world for JPMorgan Chase & Co Read more
Dubai's Majid Al Futtaim Denies It Owes Money To Will.i.am's Tech Company
Middle East Business News - Published date: .
Will.i.am and Majid Al Futtaim CEO Alain Bejjani will discuss the ongoing partnership between the two companies at the F... Read more
Emirates NBD Hires New CFO As Nine-month Profits Soar
Middle East Business News - Published date: .
Dubai's biggest bank appoints Patrick Sullivan as group chief financial officer, replacing Surya Subramanian Read more
HSBC To Embark On Job Cuts Across Middle East, North Africa
Middle East Business News - Published date: .
HSBC employs 4% of its total workforce in the region - about 9,600 full-time staff Read more
Saudi Arabia's BinDawood Picks JPMorgan, Goldman For IPO
Middle East Business News - Published date: .
BinDawood Group's IPO could value the business at more than $1.8 billion Read more
Abu Dhabi Commercial Bank To Focus On Home Markets
Middle East Business News - Published date: .
Abu Dhabi Commercial Bank combined with local rivals Union National Bank and Al Hilal Bank in May to create the Gulf reg... Read more
India Central Bank Denies Reports Of Selling Gold From Reserves
Middle East Business News - Published date: .
The Economic Times had reported on Friday that the Reserve Bank of India started trading in gold actively since July Read more
Dubai Banking Giant Offers Luxury Cars, Watches In New Savings Promotion
Middle East Business News - Published date: .
Emirates NBD is offering individual and SME customers the chance to win luxury cars and premium watches when they save Read more
UAE Banks Lobby Calls For Real Estate Lending Limits
Middle East Business News - Published date: .
Abdul Aziz al-Ghurair, head of the United Arab Emirates Banks Federation, has revealed plans for a cap on loans Read more
SoftBank Set To Pump Billions Into Struggling Start-up WeWork
Middle East Business News - Published date: .
The SoftBank bailout package, which involves new financing, speeding up already pledged money and a new tender offer for... Read more
UAE's Mubadala Capital Launches New $250m Tech Funds
Middle East Business News - Published date: .
Mubadala says new investment funds will capitalise on the growing start-up scene in the region Read more
World's Largest Bank Lists $1bn Bonds On Nasdaq Dubai
Middle East Business News - Published date: .
Dubai bourse welcomes listing of two $500m bonds by Commercial Bank of China Read more
Financial Close Reached For Giant $870m UAE Desalination Plant
Middle East Business News - Published date: .
New plant will be located at the Taweelah power and water desalination complex in Abu Dhabi, with completion expected in... Read more
Battle For Thyssenkrupp Elevators Unit Heats Up
Middle East Business News - Published date: .
Brookfield Asset Management and a consortium of Advent International, Cinven and the Abu Dhabi Investment Authority rema... Read more
Dubai's Emirates NBD Plans $1.76bn Rights Share Sale
Middle East Business News - Published date: .
Emirates NBD last month raised the cap on foreign ownership holding in its shares to 20% from 5% Read more