uae
Dubai's DP World Confirms $4.5bn Investment Deal For Ports
Middle East Business News - Published date: .
Port operator says that despite Covid-19 it is well positioned to face the current challenges experienced by the industr... Read more
UAE's Largest Lender Set To Start Talks On Israeli Banking Tie-ups
Middle East Business News - Published date: .
First Abu Dhabi Bank says to talk with Bank Hapoalim and Bank Leumi to forge cooperation in the financial sector Read more
Gulf Investor With $540m In Cash Says M&A Spree Not Over
Middle East Business News - Published date: .
IHC shares have soared more than 500% in 2020, giving the company a market capitalisation of about $19bn Read more
UAE Central Bank Boosts Liquidity With $4.3bn Cash Injection
Middle East Business News - Published date: .
Certificates of deposit dropped to $53bn by the end of May, from $54bn in April Read more
Dubai Gov't Offers $2bn Aid To Emirates Amid Coronavirus Impact
Middle East Business News - Published date: .
Bond prospectus shows extent of government support to airline over the past five months after coronavirus brought global... 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
UAE's NMC Health Faces Advisory Fees Of $140m For Bankruptcy
Middle East Business News - Published date: .
NMC will raise as much as $300m from creditors to fund the business during its administration Read more
Abu Dhabi Returns To Dollar Bond Market With Multi-tranche Deal
Middle East Business News - Published date: .
UAE capital is among the list of many selling bonds to bolster their finances in the face of lower oil and gas prices Read more
Abu Dhabi Fund Said To Seek Resolution To Mumbai Airport Takeover Deal
Middle East Business News - Published date: .
Agreement between ADIA consortium and GVK Group's airport holding company has 'deal exclusivity' until January 31, 2021 Read more
UAE's Mubadala Invests In US Pharma Business
Middle East Business News - Published date: .
Senior Mubadala exec says outsourced pharmaceutical services has been a key investment theme for the sovereign investor Read more
UAE's Waha Capital Eyes Latin America Tourism Boost After $50m Investment
Middle East Business News - Published date: .
CEO Amr Al Menhali says confident that investment will help put Waha on a firm footing post COVID-19 Read more
Banks Reduce Exposure To Dubai-based Oil Trader
Middle East Business News - Published date: .
BNP Paribas, Natixis and Middle Eastern lenders including Emirates NBD, Emirates Islamic Bank and National Bank of Fujai... Read more
How UAE Small Businesses, Consumers Have Changed Behaviours Amid Covid-19
Middle East Business News - Published date: .
Nine out of 10 consumers in the UAE have changed how they pay for purchases due to Covid-19, according to Visa Read more
Abu Dhabi Investment Office Transfers $145.7m Ventures Fund To ADQ
Middle East Business News - Published date: .
Collaboration aimed at strengthening Abu Dhabi's digital economy and start-up ecosystem Read more
UAE's Network International Reveals 15.3% Drop In Middle East Revenues For H1
Middle East Business News - Published date: .
Covid-19 lockdowns and reduced customer spending saw company report $150,000 loss for half year Read more
BR Shetty Steps Down As Co-chair And Director Of Finablr
Middle East Business News - Published date: .
UK's HMRC has moved to suspend business registrations of UAE Exchange UK Ltd. and Xpress Money Services Ltd Read more
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
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
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