Middle East Business News

UAE Central Bank Orders ATMs To Be Replenished With New Banknotes

Banks also asked to sanitising all ATMs on a regular basis and provide disposable latex gloves Read more

Abu Dhabi Banks Announce 17 Incentives To Help Amid Coronavirus Outbreak

The move is designed to provide for the immediate needs of people and SMEs impacted by the coronavirus Read more

Abu Dhabi Increases ADDH's Portfolio, Rebrands As ADQ

Additional companies added to the renamed ADQ's portfolio include Abu Dhabi Securities Exchange (ADX) and Image Nation Read more

SoftBank Said To Have Held Talks With Mubadala, Elliott Management On Going Private

SoftBank instead decided to move ahead with a plan to sell assets to pay down debt and boost a share buyback Read more

Dubai-based World Investments Invests $258m In Australian Xinja Bank

World Investments already has significant equity holdings in banks across Europe and the Middle East Read more

UAE's Amanat Posts 40% Hike In Net Profit Despite Bahrain Hospital Losses

Amanat CEO says Royal Hospital for Women & Children is expected to become profitable in late 2020 Read more

Dubai's Wamda Leads $3.5m Funding In Games Developer Tamatem

Jordan-based Tamatem has grown to become the leading mobile games publisher in the Arabic-speaking market Read more

Irregularities Found Habib Bank's UAE Operations

Employees in some of Habib Bank's UAE branches helped certain customers disguise transactions by issuing pay orders in t... Read more

SoftBank Fund Said To Draw Investors For Hedge Fund-style Vehicle

Rajeev Misra, head of the Vision Fund, is said to have support from Abu Dhabi's state fund Mubadala and the government o... Read more

UAE Bank Customers' Complaints To Be Dealt With Quickly Under New Guidelines

Consultation process launched for new Financial Consumer Protection Regulatory Framework Read more

UAE's Al Hilal Bank Agrees To Sell Islamic Insurance Business

Subsidiary of Abu Dhabi Commercial Bank to sell Al Hilal Takaful to Siraj Holding Read more

Saudi Arabia, Russia Discuss $10bn Joint Investment Programmes

Workshops aimed at strengthening bilateral investment in oil and gas, petrochemicals, construction and energy Read more

First Abu Dhabi Turns To Sterling In Return To Bond Market

First Abu Dhabi's new sterling bond will be the biggest syndicated deal in the currency out of the Middle East since 201... Read more

FBI's Most Wanted 'white Collar Criminal' Arrested In Abu Dhabi

Scottish-born Afzal Khan is accused of $1.5m supercar fraud Read more

Nissan Files $90m Lawsuit Against Former Chairman Carlos Ghosn

The 65-year-old faces multiple charges of financial misconduct in Japan but fled to Lebanon before he could face trial Read more