Middle East Business News

Union Properties Mulls $108m Offer For Dubai Autodrome Stake

Dubai developer says its board will discuss the offer for a 40% stake in its car racing asset at next meeting Read more

Lebanon Unveils Port Blast Compensation Package For Beirut Businesses

President Michel Aoun signs a decree allocating 100 billion Lebanese pounds to the programme Read more

Banking Confidence, Exchange Rate Are Key To Lebanese Recovery, Says Banker

Central bank governor Riad Salameh has warned banks that cannot increase their capital by 20% by end-February 2021 will ... Read more

UAE PM's Former Tech Advisor Launches Cryptocurrency Exchange

Mohammad Raafi Hossain announces plan to launch the Fasset Exchange Read more

UAE Aims To Set Benchmark With First Virtual Annual Investment Meeting

Post Covid resilience and recovery will be big topics of discussion at first virtual AIM on October 20-22 Read more

CEO Of UAE Digital Finance Firm Deem To Step Down

Chris J de Bruin informs board of directors of his plans to resign in order to 'pursue other endeavours' Read more

Is Chinese E-commerce Giant Set To Eclipse Saudi Aramco's Record IPO?

Financial arm of Chinese e-commerce titan Alibaba is planning the biggest IPO in history, raising as much as $35bn in a ... Read more

Coronavirus Set To Deliver 5.2% GDP Blow To UAE Economy In 2020

Latest central bank forecasts show a deeper contraction this year than first estimated, dragged down by disruptions caus... Read more

Abu Dhabi Reveals Huge Surge In Saudi Trade Deals

The value of non-oil trade in goods between Abu Dhabi and Saudi Arabia over the past decade hits $134.5bn, just slightly... Read more

Saudi Arabia To 'assess All Options' To Boost Economy After Coronavirus Impact

Commerce Minister says gov't is reing what is 'best for the people and the nation and its interests' Read more

Are Green Bonds The Future For The Gulf Or Just A Gimmick?

Analysts ponder the rise of green bonds in a region known for oil wells, tankers and sprawling natural-gas plants Read more

Lebanon's Inflation Nightmare Intensifies Amid Economic Crisis

Lebanon witnesses another dramatic inflation surge in August, deepening the misery of the country's growing number of po... Read more

Will The Chance To Retire In Dubai Appeal To British Expats?

Arabian Business asks the experts whether the emirate's new retirement visa will be an attractive option for UK citizens Read more

Lebanese Bank Deposits Slump $15bn In 2020 As Confidence Sinks

Lebanese banks have signalled a $31 billion drop in deposits since early 2019, the largest drop for decades Read more

Will Gulf Investors Be Put Off By London Property Price Rises?

Average prices in prime London property markets climbed by 0.3 percent in August - the highest jump in five years Read more