Middle East
Strict New Rules Make Life Tough For Lebanese Retailers
Middle East Business News - Published date: .
Central bank imposes stricter requirements to open letters of credit to finance imports into the country 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
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
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
Middle East Suitor For Crisis-hit Hyflux Submits Binding Offer
Middle East Business News - Published date: .
Under the terms of the offer, debts owed to unsecured creditors, bondholders and trade creditors will be exchanged into ... Read more
World Bank Warns Remittance Payments To Plunge Amid Pandemic
Middle East Business News - Published date: .
Remittance flows are expected to fall 19.6% from Middle East and North Africa Read more
Dubai's Wamda Leads $3.5m Funding In Games Developer Tamatem
Middle East Business News - Published date: .
Jordan-based Tamatem has grown to become the leading mobile games publisher in the Arabic-speaking market Read more
Nissan Files $90m Lawsuit Against Former Chairman Carlos Ghosn
Middle East Business News - Published date: .
The 65-year-old faces multiple charges of financial misconduct in Japan but fled to Lebanon before he could face trial Read more
Lebanon Banks Tighten Withdrawal Caps, Sparking Outcry
Middle East Business News - Published date: .
Withdrawal limits differ from bank to bank, but have so far generally been capped at around $1,000 a month Read more
Lebanon Minister Warns Health Sector At Threat Over Dollar Shortage
Middle East Business News - Published date: .
Jamal Jabak urges central bank to release US dollars over a hard currency shortage limiting medical imports to the prote... 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
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
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
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 Football Fans Delight In Historic West Bank Game
Sports and Eneterainment - Published date: .
After defeating Singapore 3-0 last week, the Saudi national team will face Palestine on their home turf in the West Bank... Read more
Saudi Arabia's National Football Team Makes First West Bank Visit
Sports and Eneterainment - Published date: .
Saudi Arabia will play Palestine in the West Bank town of Al-Ram, between Ramallah and Jerusalem Read more
Egyptian Fans Jubilant With Liverpool Win, Salah's Goal
Sports and Eneterainment - Published date: .
In anticipation of the final, some Egyptians paid tribute to the Reds feasting at the 'Liverfuul' cart which serves up h... Read more
Mohamed Salah Calls For Change In Treatment Of Women In Muslim World
Sports and Eneterainment - Published date: .
Egyptian football star Mohamed Salah said while his attitudes towards gender equality had evolved over the years, he wan... Read more
Standard Chartered Reaches $1.1bn Settlement On Iran Sanctions
Middle East Business News - Published date: .
The penalties also cover some $600m in US transactions from 2008 to 2014 that originated at Standard Chartered's London ... Read more
Ex-Morgan Stanley Banker Leading Middle East Charge Toward Boutiques
Middle East Business News - Published date: .
Boutique advisory firms are earning almost a quarter of all investment-banking fees paid in the Middle East, up from jus... Read more