Banking & Finance
Dubai's Shuaa Pauses Some Deals As Virus Causes Strategic Shift
Middle East Business News - Published date: .
Shuaa Capital is focused on its main businesses and on becoming more efficient, chief executive officer Jassim Alseddiqi... Read more
Munich Re Among Reinsurers Exposed To 'major' Beirut Blast Loss
Middle East Business News - Published date: .
Property damage alone from the blast, which killed more than 150 people and triggered the collapse of Lebanon's governme... Read more
State Street Opens Saudi Office As It Expands Into Middle East
Middle East Business News - Published date: .
The Boston-based financial-services firm is entering Saudi Arabia as part of its plans to boost its presence in the Midd... Read more
Emirates NBD In Talks To Buy Lebanese Bank's Egyptian Business
Middle East Business News - Published date: .
Discussions are ongoing and there is no certainty that a deal will be completed, Dubai-based Emirates NBD said Read more
Shuaa Capital Reports $72m Profit For Q2
Middle East Business News - Published date: .
Shuaa said its operating businesses, asset management and investment banking showed a strong recovery in profitability i... Read more
Emirates NBD Says Upgrade Issues Have Been 'resolved'
Middle East Business News - Published date: .
Customers have been without online banking facilities since last week Read more
Kuwait Pension Fund Plans To Triple Infrastructure Investments
Middle East Business News - Published date: .
Kuwait pension fund will also 'slightly increase' investments in hedge funds and real estate Read more
Dubai Businesses Return To Growth First Time Since Virus Struck
Middle East Business News - Published date: .
Businesses in Dubai are benefiting from the lifting of lockdown restrictions, with foreign visitors allowed to enter the... Read more
Egypt, EIB Plan Financing Worth $1.3bn For The Transportation Sector
Middle East Business News - Published date: .
Funding will go towards rehabilitating a tram line and a railway line in Alexandria and a line in Cairo's underground me... Read more
Emirates NBD Apologises After Upgrade 'teething Issues' Causes Service Chaos
Middle East Business News - Published date: .
Bank customers have taken to social media to demand answers after being unable to access online banking over the weekend Read more
UAE Central Bank Unveils Further Measure To Boost Banks' Capacity
Middle East Business News - Published date: .
Central Bank of the UAE said this easure will support the implementation of the already adopted TESS measures worth AED2... Read more
Bahrain's Investcorp Posts $165m Loss, Targets 50% AUM Growth
Middle East Business News - Published date: .
Investcorp 'committed to advancing our growth strategy and reaching $50 billion in AUM over the medium term' Read more
Byblos Bank Reports First Annual Loss Since 1963
Middle East Business News - Published date: .
'Dramatic factors' in Lebanon blamed for the $122m loss reported for 2019 Read more
Kuwait's $112bn Pension Fund Has Cash To Burn After Revamp
Middle East Business News - Published date: .
The Public Institution for Social Security had a record investment profit of $7.3 billion in the three months through Ju... Read more
Dubai School Operator GEMS Raises Extra Debt To Bolster Its Cash
Middle East Business News - Published date: .
GEMS said the 'incremental' funding will be used to support working capital needs Read more
NMC Health Administrators Secure $250m Funding
Middle East Business News - Published date: .
Perella Weinberg Partners have been retained as the investment bank to explore the potential sale of the international b... Read more
Dubai Investments Reports 42% Drop In Half Yearly Profits
Middle East Business News - Published date: .
Dubai Investments revealed H1 profits decreased to $55.78m as a result of Covid-19 impact Read more
UAE Investors Eyeing Up Sustainable Opportunities
Middle East Business News - Published date: .
Latest survey from Standard Chartered revealed 90% are keen on green investments Read more
JPMorgan Sees Virus Fallout Stoking Middle East Deals Into 2021
Middle East Business News - Published date: .
The first six months saw $72 billion of bond issuance from the region, the busiest start yet Read more
Egyptian Government Boosts Spending On Investments By 35%: Finance Ministry
Middle East Business News - Published date: .
The increase will 'strengthen the economy, raise development figures and offer new jobs especially as the global economy... Read more