Middle East Business News

Abu Dhabi's ADQ Buys 22% Stake In Logistics Giant Aramex

Shares were acquired through a series of on-market transactions and through an off-market special deal, says ADQ Read more

Abu Dhabi Set To Open First International Investment Office In Tel Aviv

Abu Dhabi Investment Office reveals plans as part of expansion of representative offices in Europe, North America and As... Read more

The Man Seeking To Breathe New Life Into Lebanon's Manufacturing Sector

Alexandre Harkous aims to offer new platform to finance Lebanon's imports through his Cedar Oxygen initiative Read more

Why Saudi Arabia Could Soon Rival Dubai For Fintech Funding

AstroLabs co-founder highlights 'exciting growth' in Gulf kingdom as it looks to enhance its digital ecosystem Read more

Japan's Nomura Cuts Investment Banking Jobs In Dubai

Tokyo-based brokerage shrinks its Middle East footprint and moves coverage of the region to staff in other offices Read more

Lebanon Succumbs To The Highest Debt-to-GDP Ratio In The World

Beirut Port blast, coronavirus add up to an economic crisis which could see GDP fall from $55bn to $25bn in just two yea... Read more

Egypt Doubles Private Sector Funding As Coronavirus Crisis Continues To Bite

Analyst says the move is in keeping with the Egypt Central Bank's policy to bolster the economy during challenging times Read more

Premier League Denies Rejecting Saudi Takeover Of Newcastle Utd

Potential takeover could proceed to the next stage should the relevant entities provide all appropriate information, say... Read more

IMF Ready To Help Blast-hit Lebanon Once New Government In Place

Country is facing a severe economic crisis after a neglected warehouse full of fertiliser ignited in a cataclysmic blast... Read more

IMF Chief Warns Global Economic Crisis 'far From Over'

There are currently 128 coronavirus vaccines under development across the world Read more

Rise In Indian Remittances From The Gulf Hides Tales Of Coronavirus Heartbreak

Indian banks see jump in remittances from the GCC by as much as 20% but the global pandemic still spells misery for many... Read more

Saudi Central Bank Chief Says No Time To Relax After Coronavirus Crisis

Ahmed Alkholifey, head of the Saudi Arabian Monetary Authority, says he is confident the country's economy will weather ... Read more

GCC Investor Sentiment Rebounds After Q2 Coronavirus Hit

Iridium Advisors' research shows how Saudi Arabia took a 34 point battering to investor sentiment in the second quarter ... Read more

Lebanese Insurance Industry Faces Up To Life After Beirut Port Blast

CEO of insurance major says industry will 'weather the storm' after damage is estimated at $15bn Read more

Dubai-based KEN Investments Leads Pioneering Funding In US Fintech Start-up

Investment in Salaryo pairs Israeli technological innovation with the UAE's financial expertise Read more