Banking & Finance
BNY Mellon Lands A Big Ally For Expansion In Saudi Arabia
Middle East Business News - Published date: .
NCB Capital is the kingdom's biggest asset manager and investment bank Read more
Coronavirus, Low Oil Prices Set To Speed Up Gulf Bank Mergers
Middle East Business News - Published date: .
Moody's Investors Service says financial concerns in the region will play a larger role in encouraging deals Read more
Abu Dhabi Fund Buys $750m Stake In Retail Arm Of Indian Giant Reliance
Middle East Business News - Published date: .
Subsidiary of the Abu Dhabi Investment Authority will buy a 1.2% stake in Reliance Retail Ventures Read more
How The Lebanese Private Sector Is Coping In The Eye Of A Storm
Middle East Business News - Published date: .
Businesses extremely pessimistic about future as layoffs continue and wages plummet Read more
Lebanese Pound: The Most Undervalued Currency In The World
Middle East Business News - Published date: .
As political and economy chaos ensues, leading analyst says exchange rate needs sorting 'as soon as possible' Read more
How Coronavirus Is Changing Banking For The Better
Middle East Business News - Published date: .
Redefining finance for good: Virtual CXO Forum to take place on October 7 Read more
UAE-Bahrain Trade Returning To Pre-coronavirus Levels
Middle East Business News - Published date: .
Bahrain's trade for the first half of the year reached $10.4bn globally, down 2% on 2019 Read more
Kuwait Central Bank Denies Plan To Devalue, Stands By Peg
Middle East Business News - Published date: .
Speculation started swirling after the passing last week of Sheikh Sabah Al-Ahmed Al-Jaber Al-Sabah, who has been succee... Read more
Expat Remittances From The UAE Exceed $21bn In First Half Of 2020
Middle East Business News - Published date: .
India retains position as top receiving country from expats in the UAE, ahead of the Philippines, Pakistan and Banglades... Read more
Inflation Spirals Out Of Control As Lebanon Drowns In Excess Pounds
Middle East Business News - Published date: .
Local currency in circulation soars 137% as it loses 80% of its value amid ongoing economic crisis Read more
UAE's Mubadala Confirms $844m Stake Deal In Retail Unit Of Indian Giant Reliance
Middle East Business News - Published date: .
Mubadala says its investment will translate into a 1.40% equity stake in Reliance Retail Ventures Limited Read more
Lebanon's Foreign Currency Reserves Could Vanish In 12 Months
Middle East Business News - Published date: .
Goldman Sachs warns of further economic turmoil if new government isn't formed soon Read more
Rolls-Royce Mulls Financing Plan After Ruling Out Kuwait Investment
Middle East Business News - Published date: .
Shareholders of the UK engine-maker opposed a plan to raise funds from Singapore's GIC and Kuwait Investment Office Read more
UAE Construction Giant Arabtec Reportedly To Be Placed Into Liquidation
Middle East Business News - Published date: .
Decision at company's annual general meeting follows a net loss of $216m during first half of 2020 Read more
Credit Suisse To Cut Jobs In Gulf In Wealth Management Overhaul
Middle East Business News - Published date: .
Around 20 people to be let go by the banking giant, mainly in Dubai Read more
Saudi Arabia Extends Coronavirus Stimulus Package But Narrows Scope
Middle East Business News - Published date: .
The initiative, which was due to expire in October, will now continue until January and will support half of all Saudis ... Read more
UK's Fasset Gets Bahrain Nod To Test Blockchain Platform
Middle East Business News - Published date: .
Sustainable infrastructure financing platform is approved for testing in Bahrain's FinTech Regulatory Sandbox Read more
Inside The Campaign To Help Make Arab-American Businesses More Competitive
Middle East Business News - Published date: .
'Disadvantaged' classification would give Arab-American-owned businesses greater access to government contracts and capi... Read more
Dubai Stock Market Set To Launch New Platform To Drive Investments
Middle East Business News - Published date: .
Dubai Financial Market says it has reached the final stages of preparations to launch an equity derivatives platform Read more
Currency Collapse Heaps More Misery On Lebanese As Prices Skyrocket
Middle East Business News - Published date: .
Lebanese pound loses more ground against the US dollar, adding to the misery of the growing number of people struggling ... Read more