Politics & Economics
Saudi Arabia Spends $57bn To Soften Economic Blow Of Covid-19
Middle East Business News - Published date: .
Over 650,000 people have directly benefited from the measures, according to the kingdom's Ministry of Finance Read more
Former Saudi Economy Minister Among Eight Contenders For WTO Leadership
Middle East Business News - Published date: .
Mohammed al-Tuwaijri entered the race to become the next head of the World Trade Organisation Read more
Britain To Reveal Post-coronavirus Recovery Plan
Middle East Business News - Published date: .
UK is reportedly set to announce plans to reduce stamp duty, which is levied on real estate transactions, to boost the p... Read more
UAE Shows Signs Of Recovery With Return To Business Growth
Middle East Business News - Published date: .
Saudi Arabia, by contrast, saw a sustained deterioration in overall business conditions, according to IHS Markit's Purch... Read more
Saudi Arabia Extends Some Stimulus Measures For Business
Middle East Business News - Published date: .
Among the initiatives extended is a pledge to cover 60% of some Saudi salaries in the private sector Read more
Dubai's Economy Declined By 3.5% In Q1 Amid Covid-19 Crisis
Middle East Business News - Published date: .
Real estate, finance, manufacturing and government sector all recorded growth despite global pandemic Read more
Saudi Arabia 'less Pessimistic' Than IMF As Economy Shrinks Again
Middle East Business News - Published date: .
Non-oil GDP, which is a better gauge of economic health and an engine of job creation, grew 1.6% in the first quarter, t... Read more
Saudi Retailers Report Surge In Sales Ahead Of VAT Increase
Middle East Business News - Published date: .
Shopping malls in the kingdom have drawn large crowds in recent days as retailers offered 'pre-VAT sales' and discounts ... Read more
ECB's Lagarde Says 'probably Passed Lowest Point' Of Economic Crisis
Middle East Business News - Published date: .
European Central Bank chief Christine Lagarde said the hardest hit industries - such as airlines, hospitality and entert... Read more
Saudi Bank NCB Plans $15.6bn Takeover Of Rival Samba
Middle East Business News - Published date: .
The combined bank would have total assets of about $210 billion, making it the third largest in the region Read more
Top Dubai Executives Earned Over AED3m Each In Salaries And Bonuses In 2019
Middle East Business News - Published date: .
Latest filings from DFM show payments made Read more
Coronavirus: Abu Dhabi Announces $4.1bn Tenders For Local Businesses
Middle East Business News - Published date: .
Abu Dhabi Local Content programme includes 1,244 tenders, aimed at boosting productivity and strengthening supply chain... Read more
UAE-based NMC Heads To Administration After Bowing To Creditor Demands
Middle East Business News - Published date: .
Most of NMC's senior management has resigned since it revealed more than $4 billion of undisclosed debt. Read more
UAE's E-dirham Revenues Top $6bn In 2019
Middle East Business News - Published date: .
E-dirham system was launched in 2001 and is used by several ministries, federal and local authorities as a method of non... Read more
How The UAE Plans To Give More Protection To Bank Customers
Middle East Business News - Published date: .
Consultations start on plans to establish new financial consumer protection regulatory framework in the UAE Read more
Saudi Inflation Set To Rise On Higher Consumer Spending In 2020
Middle East Business News - Published date: .
Jadwa Investment forecasts 1.7% inflation rate in Gulf kingdom this year as non-oil economy is expected to expand Read more
Abu Dhabi Said To Invest Up To $1.5bn In Saudi Aramco IPO
Middle East Business News - Published date: .
Sources say the emirate is seeking to make the investment through one or more state-linked entities Read more
Abu Dhabi Crown Prince Orders $1.8bn Housing Packages For Emiratis
Middle East Business News - Published date: .
Sheikh Mohamed bin Zayed Al Nahyan's directive aims to double the number of housing loans to UAE citizens Read more
UAE Billionaire Wealth Falls More Than $4bn To Under $20bn
Middle East Business News - Published date: .
UBS and PwC Billionaires Insights report reveals there were seven billionaires in the UAe in 2018, unchanged from previo... Read more
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