Banking & Finance
Opinion: Is Optimism Over Global Trade Talks A Bit Premature?
Middle East Business News - Published date: .
Financial markets have been dialling back on risk on two fronts: US-China trade and Brexit Read more
UAE Bank Launches New Digital Platform To Support SMEs
Middle East Business News - Published date: .
National Bank of Ras Al Khaimah unveils SMEsouk initiative to create digital ecosystem for small businesses Read more
SoftBank Posts $6.5bn Operating Loss On WeWork, Uber
Middle East Business News - Published date: .
The $100 billion Vision Fund had been a driver of profit growth at SoftBank, contributing over $14 billion in mostly pap... Read more
$1.4trn: How Far Apart Banks Are On Aramco IPO Valuation
Middle East Business News - Published date: .
Among 16 banks that offered an Aramco valuation, the range in estimates ran from $1.1trn at the bottom right up to $2.5t... Read more
Some Saudis Mull Selling Homes To Invest In Aramco IPO
Middle East Business News - Published date: .
From tapping lenders to selling personal assets, Saudis are scrambling to raise cash to invest in Aramco stocks Read more
Lebanon Banks Told To Boost Capital To Ease Growing Pressure
Middle East Business News - Published date: .
Banque du Liban said raising capital by $4bn would help banks 'confront the current situation and any future development... Read more
Double-digit Drop In Saudi Expat Remittances For First Nine Months
Middle East Business News - Published date: .
Transfer of money by Saudis outside the kingdom also down 9% compared to last year Read more
UAE To Sell Federal Bonds For The First Time In 2020, Senior Official Says
Middle East Business News - Published date: .
In 2018, the UAE issued a law which allows the country's federal government to begin issuing sovereign debt Read more
Bahrain Hospital Losses Weigh On UAE's Amanat Net Profit
Middle East Business News - Published date: .
Amanat Holdings has recorded a 38% increase in nine-month net profit despite losses related to Bahrain hospital investme... Read more
How Saudis Have Been Saving Up For Historic Aramco Share Sale
Middle East Business News - Published date: .
Everyone is being encouraged to invest in the kingdom's most important asset and many Saudis see the IPO as a demonstrat... Read more
In Pictures: 7th Edition Of UBF's Middle East Banking Forum In Abu Dhabi
Middle East Business News - Published date: .
Under the theme 'Unlocking the Future, Shifting the Paradigm', MEBF 2019 explored key topics including Fintech, Islamic ... Read more
Modus Capital Targets Middle East SMEs With $75m Fund
Middle East Business News - Published date: .
Modus MENA Venture Fund I (MMVFI) will invest in companies that have a strong social impact Read more
UAE Central Bank To Establish 'fintech Office' To Help Regulate Sector
Middle East Business News - Published date: .
The new fintech office will also look into assets such as cryptocurrencies, according to CBUAE governor Mubarak Rashid A... Read more
Aramco May Be Worth $1.5 Trillion Or Less, Some IPO Banks Say
Middle East Business News - Published date: .
Goldman Sachs, perhaps the most influential bank on Wall Street, told investors it thought Aramco was worth between $1.6... Read more
UAE, Lebanon Studied Projects During Hariri's Visit
Middle East Business News - Published date: .
Hundreds of thousands of Lebanese protesters have demanded the ouster of an entire political class they blame for endemi... Read more
UAE Plans To Loosen Cap On Bank Lending To Property Industry
Middle East Business News - Published date: .
UAE banks can currently lend as much as 20% of customer deposits to the property industry Read more
UAE Is 'studying' Possible Aid To Lebanon After Unrest
Middle East Business News - Published date: .
While the UAE central bank hasn't agreed on specific details, it will 'study and make recommendations in light of the re... Read more
Saudi Crown Prince Seen Green Lighting Aramco IPO On Sunday
Middle East Business News - Published date: .
Source says Mohammed bin Salman is set to give the long-awaited Aramco IPO the go-ahead Read more
Lebanon Banks Reopen As Protests Ease
Middle East Business News - Published date: .
Large queues form outside banks from early morning and people rush in as soon as doors opened to cash in their salaries ... Read more
Saudi Arabia Said To Mull Increase In Lending For Aramco IPO
Middle East Business News - Published date: .
Sources say Saudi Arabian Monetary Authority met banks this week to discuss how much they can lend to domestic stock buy... Read more