Middle East Business News

Covid-19 Sparks Increased Demand For Cashless Transactions In Middle East

Latest PwC survey reveals 53% of people used mobile phones for online deliveries Read more

Middle East Wealth Funds Plan More European Bargain Hunting, Says Invesco

Over the next 12 months, about 43% of sovereign funds in the region will buy equities with lower valuations Read more

Oman's Tourism Arm Ends Deal With Damac For Waterfront Project

Omran will buy the 70 percent stake it doesn't already own in Muttrah Tourism Development Co., established to redevelop ... Read more

Saudi Arabia's Fannie Mae Buys Up $800m Of Mortgages

Deal is the largest ever housing real estate refinancing transaction and first-of-its-kind in the kingdom Read more

Siraj Holding Completes Deal For Al Hilal Bank's Islamic Insurance Business

Thomas Joe has been appointed CEO following appointment of new board members Read more

Sustainable Investing Gains Momentum In Wake Of Covid-19

In the UAE, 81% of investors said they believe a sense of fear will prevail for a long time Read more

Lebanon's Economy Minister Confident Of International Bailout

Lebanon's economic unravelling is beginning to slip out of control as its currency declined Read more

Dubai FDI Continues Investment Push Online Amid Pandemic

A total of 34 webinars have been scheduled in 13 markets to woo investors through the end of the year Read more

HP Setting The Tone For Sustainability

Global manufacturer proving saving the environment can also have savings on the bottom line Read more

Bahrain To Add $470m Into Budget To Address Covid-19 Economic Impact

Emergency funding has been announced by King Hamad bin Isa Al Khalifa Read more

IMF Lowers Middle East Economic Forecast Over The 'twin Shock'

Oil prices plunged by about two-thirds in a freefall as the global economy ground down to prevent the spread of the coro... Read more

PJT Partners Signs Deal With Dubai Boutique DeNovo Target Middle East Deals

PJT and deNovo will advise global firms looking to invest in the Middle East and North Africa region Read more

Saudi Banks Turn To Twitter, Mobile Apps Amid Digital Shift

According to statistics from Twitter, 76% of Saudi bank customers used their banks official banks in April, up from 69% ... Read more

Dubai Announces $408.4m Stimulus Package To Combat Coronavirus Slowdown

Latest amount brings total support provided by the government to $1.7bn throughout Covid-19 crisis Read more

Dubai SME Helped Over 3,800 Emirati Entrepreneurs In 2019

Start-ups received almost $46.3m worth of exemptions and incentives last year Read more