Middle East Business News

Egypt Completes $2bn Financing Deal To Support Budget

Minister of Finance says Egypt is continuously diversifying its funding sources by tapping regional as well as Islamic s... Read more

UAE Central Bank Boosts Liquidity With $4.3bn Cash Injection

Certificates of deposit dropped to $53bn by the end of May, from $54bn in April Read more

Dubai Gov't Offers $2bn Aid To Emirates Amid Coronavirus Impact

Bond prospectus shows extent of government support to airline over the past five months after coronavirus brought global... Read more

Kuwait Finance Ministry To Mull Halving $66bn Debt Ceiling

Finance and economic committee has also suggested reducing the period for borrowing Read more

Lead Lebanon Negotiator For IMF And Eurobond Restructuring Quits

Talal F. Salman is the third ministry official to quit over Lebanon's response to its financial crises Read more

Half Of Lebanese Could Face Food Shortages: UN

Government priority must be given to rebuilding silos at Beirut port, says UN Economic and Social Commission for Western... Read more

'Fix It Or Exit': The Stark Situation Facing Lebanese Banks

If Lebanese banks fail to increase their capital by 20% by the end of February 2021 they have to exit the market, says C... Read more

Saudi Aramco Appoints CEO To Run $500m Investments Arm

Sources say Mahdi Aladel will take over as CEO of Saudi Aramco Energy Ventures Read more

Deflation Set To Linger Across Gulf Economies

Downswing in oil is another challenge for the region's $1.6trn economy, putting it on course for what could be its worst... Read more

Bank Of Bahrain And Kuwait And Ithmaar Holdings To Discuss Acquisition Plans

BBK is exploring the possibility of acquiring the Bahrain operations of Ithmaar Bank Read more

UAE's NMC Health Faces Advisory Fees Of $140m For Bankruptcy

NMC will raise as much as $300m from creditors to fund the business during its administration Read more

Alwaleed's Kingdom Holding Eyes Europe Over US For Deals

Saudi billionaire's investment firm sees Europe as a better place to invest due to inflated prices in the US Read more

Abu Dhabi Returns To Dollar Bond Market With Multi-tranche Deal

UAE capital is among the list of many selling bonds to bolster their finances in the face of lower oil and gas prices Read more

Strict New Rules Make Life Tough For Lebanese Retailers

Central bank imposes stricter requirements to open letters of credit to finance imports into the country Read more

Abu Dhabi Fund Said To Seek Resolution To Mumbai Airport Takeover Deal

Agreement between ADIA consortium and GVK Group's airport holding company has 'deal exclusivity' until January 31, 2021 Read more