Middle East Business News

HSBC Launches Global Private Banking In Kuwait

The launch marks expansion of the bank’s wealth management services in the Middle East Read more

Bitcoin Hits All-time High Of $96,000 As Trumps Pro-crypto Stance Fuel Market Optimism

BTC price has more than doubled this year and is up about 40% in the two weeks since Trump was voted in as the next US ... Read more

No Safety Net? UAE Expats Turn To Investment Apps As Local Platform Boom Fills Pension Void For Thousands

The shift reflects mounting awareness among the UAE's expatriate majority about the need to secure their financial futu... Read more

Rothschild & Co Opens Dubai Office As It Eyes Slice Of DIFC Clients $3.5tn Capital

Sheikh Maktoum meets Rothschild and Co’s Executive Chairman as finance service group expands in Dubai Read more

UAE Leads The Way For Digital Innovation In Middle Easts $3.2bn Banking Sector

The UAE’s willingness to adopt innovative banking practices such as blockchain adoption and AI put it at the forefron... Read more

Dubai Chambers Welcomes Over 51,550 New Companies As Exports Top $61bn

Dubai Chamber of Commerce has achieved significant milestones as emirate enhances reputation as a business hub Read more

Growth Strategy Paying Off As Takaful Emarat Turns The Corner

Company posts a net profit of $2.18 million for Q3 2024, compared to a loss of $231,450 in the same period last year Read more

MENA M&A Activity Hits $71bn In 9M 2024, Led By UAE And Saudi Arabia

UAE and Saudi Arabia were the preferred destinations for investors due to their favourable business policies, with 239 ... Read more

UAE Announces Changes To Tax Compliance Requirements For Unincorporated Partnerships

The announcement was made by the UAE's Ministry of Finance on Monday Read more

UAEs Masdar, SOCAR Green Reach Financial Closure For 760 MW Solar Projects In Azerbaijan

Agreements with EBRD, ADB, and AIIB were signed at COP29 in Baku, with total project costs expected to exceed $600 mill... Read more

US Fed Chair Powell Says No Need To Hurry Rate Cuts With Economy Strong

Powell’s remarks prompted traders to pare back expectations for a December rate cut Read more

Rokstone Opens Dubai Office In DIFC

Rokstone handed licence from Dubai Financial Services Authority to operate in DIFC Read more

Emirates NBD Launches Private Banking Scheme As It Eyes Slice Of $980bn Middle East Generational Hand Down

Emirates NBD is attracting younger private banking customers as Middle East prepares for enormous generational wealth s... Read more

IHCs $1.36bn Share Buyback Programme To Start Next Week

First tranche of $490 million to begin on November 18 in a move to enhance shareholder value and optimise capital alloc... Read more

Saudi Arabias PIF Sells 2% Stake In Stc For Over $1bn

PIF maintains ownership of 3.1 billion shares, equivalent to 62 percent of stc's issued share capital, following the tr... Read more