Politics & Economics
IMF Ready To Help Blast-hit Lebanon Once New Government In Place
Middle East Business News - Published date: .
Country is facing a severe economic crisis after a neglected warehouse full of fertiliser ignited in a cataclysmic blast... Read more
IMF Chief Warns Global Economic Crisis 'far From Over'
Middle East Business News - Published date: .
There are currently 128 coronavirus vaccines under development across the world Read more
Saudi Central Bank Chief Says No Time To Relax After Coronavirus Crisis
Middle East Business News - Published date: .
Ahmed Alkholifey, head of the Saudi Arabian Monetary Authority, says he is confident the country's economy will weather ... Read more
GCC Investor Sentiment Rebounds After Q2 Coronavirus Hit
Middle East Business News - Published date: .
Iridium Advisors' research shows how Saudi Arabia took a 34 point battering to investor sentiment in the second quarter ... Read more
US Sanctions To Beirut Port Blast: Key Moments In Lebanon's Economic Downfall
Middle East Business News - Published date: .
Less than a decade ago, Lebanese banks were the crown jewel of the economy. Today they are in crisis. What went wrong? Read more
Saudis Voice Concerns About Higher Taxes, Rising Costs
Middle East Business News - Published date: .
Euromoney virtual investor conference is dominated by Saudis anxious about higher taxes and rising costs Read more
Dubai Says To Continue Infrastructure Spending After $2bn Bond Issuance
Middle East Business News - Published date: .
Investors rush to invest in Dubai as order book for gov't bond and sukuk is five times oversubscribed Read more
Oman Mulls VAT Move After January 2022 To Shore Up Finances
Middle East Business News - Published date: .
A joint committee of the State Council and Shura Council suggests time frame and sends draft law for approval to Sultan ... Read more
Abu Dhabi Completes $5bn Bond Issue To Support Non-oil Expansion
Middle East Business News - Published date: .
Abu Dhabi Department of Finance chief hails success of issuance in midst of coronavirus crisis Read more
Lead Lebanon Negotiator For IMF And Eurobond Restructuring Quits
Middle East Business News - Published date: .
Talal F. Salman is the third ministry official to quit over Lebanon's response to its financial crises Read more
Half Of Lebanese Could Face Food Shortages: UN
Middle East Business News - Published date: .
Government priority must be given to rebuilding silos at Beirut port, says UN Economic and Social Commission for Western... Read more
'Fix It Or Exit': The Stark Situation Facing Lebanese Banks
Middle East Business News - Published date: .
If Lebanese banks fail to increase their capital by 20% by the end of February 2021 they have to exit the market, says C... Read more
Deflation Set To Linger Across Gulf Economies
Middle East Business News - Published date: .
Downswing in oil is another challenge for the region's $1.6trn economy, putting it on course for what could be its worst... 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
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
How Could A No-deal Brexit Reap Returns For The Gulf?
Middle East Business News - Published date: .
Britain could turn to the Middle East to plug the gap in EU trade when the UK exits in 2021, according to experts Read more
Saudi Arabia Explores Income Tax, Privatisation To Boost Finances
Middle East Business News - Published date: .
'Saudi Arabia is not in austerity and we are not getting into an austerity phase,' said Finance Minister Mohammed Al Jad... Read more
Lebanon's Economy Minister Confident Of International Bailout
Middle East Business News - Published date: .
Lebanon's economic unravelling is beginning to slip out of control as its currency declined Read more
Dubai FDI Continues Investment Push Online Amid Pandemic
Middle East Business News - Published date: .
A total of 34 webinars have been scheduled in 13 markets to woo investors through the end of the year Read more
Dubai Announces $408.4m Stimulus Package To Combat Coronavirus Slowdown
Middle East Business News - Published date: .
Latest amount brings total support provided by the government to $1.7bn throughout Covid-19 crisis Read more