Middle East Business News

UAE Bank Customers' Complaints To Be Dealt With Quickly Under New Guidelines

Consultation process launched for new Financial Consumer Protection Regulatory Framework Read more

UAE's Al Hilal Bank Agrees To Sell Islamic Insurance Business

Subsidiary of Abu Dhabi Commercial Bank to sell Al Hilal Takaful to Siraj Holding Read more

Saudi Arabia, Russia Discuss $10bn Joint Investment Programmes

Workshops aimed at strengthening bilateral investment in oil and gas, petrochemicals, construction and energy Read more

First Abu Dhabi Turns To Sterling In Return To Bond Market

First Abu Dhabi's new sterling bond will be the biggest syndicated deal in the currency out of the Middle East since 201... Read more

FBI's Most Wanted 'white Collar Criminal' Arrested In Abu Dhabi

Scottish-born Afzal Khan is accused of $1.5m supercar fraud Read more

Nissan Files $90m Lawsuit Against Former Chairman Carlos Ghosn

The 65-year-old faces multiple charges of financial misconduct in Japan but fled to Lebanon before he could face trial Read more

Abu Dhabi Bank Said To Seek $136m Savings By Cutting Jobs

Sources say Abu Dhabi Islamic Bank also plans to shut some local and international branches Read more

UAE's E-dirham Revenues Top $6bn In 2019

E-dirham system was launched in 2001 and is used by several ministries, federal and local authorities as a method of non... Read more

GCC Issuances Help Drive $42.2bn Sukuk Market In 2019

Global sukuk issuance rose 6 percent in 2019 as the range of issuers and investors broadened, says Fitch Ratings Read more

Bahrain's Investcorp Buys US Gourmet Food Distributor

Investcorp has announced that it has acquired Fortune International, a super-regional specialty distributor of seafood a... Read more

UAE-based Eltizam Outlines Ten-year Aggressive Growth Plan Worth $2.6bn

CEO Chris Roberts expects revenues to double by the end of 2021 with plans for Saudi, Egypt, Bahrain and Kuwait Read more

Commodities Set To 'fizzle' Amid Coronavirus Threat, Says Mubadala Exec

Mubadala deputy CEO Waleed Al Mokarrab Al Muhairi says coronavirus makes it harder for investors to decide where to put ... Read more

UAE Investment Firm Buys 1,352 Homes, Offices In $272m Deal

Sheikh Mansour-owned Emirates Strategic Investments Company acquires two mixed-use properties in the UAE Read more

Malaysia's Largest Islamic Bank Opens First Overseas Branch In Dubai

Maybank Islamic is the Shariah-compliant division of Malaysia's largest lender Malayan Banking Berhad Read more

Dubai's Shuaa Capital Completes Deal To Sell Market-making Business

Shuaa says it has sold its market-making unit in all-cash deal to Al Ramz Corporation Investment & Development Read more