banking and finance


Selling Aramco: The Wall Street A-listers On The Oil Giant's IPO

Middle East Business News - Published date: .

The Saudi government is set to give the official green light for the IPO at a meeting on Thursday, aiming to raise about... Read more

Dubai-based Portuguese DJ Wins Private Island In Canada

Middle East Business News - Published date: .

The 27-year old DJ, who lives at home with his parents in Dubai, won a competition held by Liv, an online bank run by Em... Read more

Dubai Wealth Fund Eyes 'investment Opportunities' With Russia's RDIF

Middle East Business News - Published date: .

Agreement signed as part of President Vladimir Putin's visit to UAE Read more

Dubai's DIFC Sees 45% Annual Jump In Islamic Assets

Middle East Business News - Published date: .

Dubai International Financial Centre's growth comes as emirate remains one of the world's largest centres for sukuk list... Read more

UAE Investment In Russia Could Reach $10bn, Says RDIF's Kirill Dmitriev

Middle East Business News - Published date: .

Multiple deals worth $1.4bn were signed between two countries during Russian President Vladimir Putin's recent visit to ... Read more

Telegram May Delay Coin Launch As SEC Halts US Sales

Middle East Business News - Published date: .

Dubai-based Telegram, which raised more than $1.7 billion last year for its project, told investors it's evaluating ways... Read more

Russian Sovereign Wealth Fund Eyes Joint Investments With UAE, Saudi Arabia

Middle East Business News - Published date: .

Russian President Vladimir Putin will visit the UAE and Saudi Arabia this week Read more

Singapore's Temasek To Rule Out Investment In Aramco IPO

Middle East Business News - Published date: .

Temasek's focus on sustainability and environmental, social and governance principles made it more difficult to support ... Read more

UAE Central Bank Removes 3% Early Settlement Fee For Mortgages

Middle East Business News - Published date: .

UAE banks can only charge borrowers a 1% early settlement fee or AED 10,000 Read more

Russia Sovereign Fund Opens Saudi Office Ahead Of Vladimir Putin Visit

Middle East Business News - Published date: .

Russian Direct Investment Fund said it hoped to boost bilateral cooperation in economic and other spheres by setting up ... Read more

Fines For Bounced Cheques In Dubai Can Be Paid By Smartphone

Middle East Business News - Published date: .

Bounced cheques of up to AED200,000 represented 87% of cases settled by the Penal Order legislation between November 201... Read more

UAE Excise Tax On E-cigarettes, Sugary Drinks To Start On December 1

Middle East Business News - Published date: .

UAE's Federal Tax Authority called on producers and importers to register for the excise tax system at the earliest to a... Read more

Jassim Alseddiqi Named CEO Of Shuaa Capital Following ADFG Merger

Middle East Business News - Published date: .

The combined entity will exit non-core businesses to focus on becoming the leading asset management and investment banki... Read more