Middle East Business News

Inflation Spirals Out Of Control As Lebanon Drowns In Excess Pounds

Local currency in circulation soars 137% as it loses 80% of its value amid ongoing economic crisis Read more

UAE's Mubadala Confirms $844m Stake Deal In Retail Unit Of Indian Giant Reliance

Mubadala says its investment will translate into a 1.40% equity stake in Reliance Retail Ventures Limited Read more

Lebanon's Foreign Currency Reserves Could Vanish In 12 Months

Goldman Sachs warns of further economic turmoil if new government isn't formed soon Read more

Rolls-Royce Mulls Financing Plan After Ruling Out Kuwait Investment

Shareholders of the UK engine-maker opposed a plan to raise funds from Singapore's GIC and Kuwait Investment Office Read more

UAE Construction Giant Arabtec Reportedly To Be Placed Into Liquidation

Decision at company's annual general meeting follows a net loss of $216m during first half of 2020 Read more

Credit Suisse To Cut Jobs In Gulf In Wealth Management Overhaul

Around 20 people to be let go by the banking giant, mainly in Dubai Read more

Saudi Arabia Extends Coronavirus Stimulus Package But Narrows Scope

The initiative, which was due to expire in October, will now continue until January and will support half of all Saudis ... Read more

UK's Fasset Gets Bahrain Nod To Test Blockchain Platform

Sustainable infrastructure financing platform is approved for testing in Bahrain's FinTech Regulatory Sandbox Read more

Inside The Campaign To Help Make Arab-American Businesses More Competitive

'Disadvantaged' classification would give Arab-American-owned businesses greater access to government contracts and capi... Read more

Dubai Stock Market Set To Launch New Platform To Drive Investments

Dubai Financial Market says it has reached the final stages of preparations to launch an equity derivatives platform Read more

Currency Collapse Heaps More Misery On Lebanese As Prices Skyrocket

Lebanese pound loses more ground against the US dollar, adding to the misery of the growing number of people struggling ... Read more

Appetite Grows For Office Return As Coronavirus-fuelled 'Zoom Fatigue' Bites

Analysts say rumours of the demise of the traditional office space appear to have been greatly exaggerated Read more

Credit Agricole Exits Saudi Arabia With $386m Fransi Sale

About 48.3m shares were sold at 30 riyals each as the stock closed at 32.20 riyals on Sunday Read more

UAE-based NMC Healthcare Placed In Administration

Move will allow group to secure additional $325m financing facility, while protecting the business from creditor action Read more

Revealed: How Real Estate Is Shining Through Lebanon's Economic Gloom

Real estate is the only economic sector in Lebanon that has shown growth in the first few months of 2020 Read more