Middle East Business News

Embattled NMC Health Gets Preliminary Takeover Approaches

NMC Health also said a re of its shareholders suggests that the size of the stakes of chairman BR Shetty's and other inv... Read more

Emirates Investment Bank Hires Ex-Al Rajhi Capital Boss As New CEO

Gaurav B Shah brings over 20 years of experience in wealth and asset management and investment banking Read more

How The UAE Plans To Give More Protection To Bank Customers

Consultations start on plans to establish new financial consumer protection regulatory framework in the UAE Read more

Unit Of Bahrain's GFH Inks $250m Deal For US Hotels

GFH Capital has announced that it has acquired a hospitality portfolio in the United States in partnership with Arbor Lo... Read more

Bitcoin Breaches $10,000 To Hit Highest Level Since October

Bitcoin's rise above $10,000 comes amid an equities rally that's seen the S&P 500 Index reach new highs as fears aba... Read more

Increasing Wealth Expectancy In The UAE

The UAE's wealth creators show a tendency to focus financial decisions on the here-and-now, Sonny Zulu, Head of Retail B... Read more

UAE Banks Head For Indian Courts To Recover $7bn Loan Defaults

The move follows India notifying last month UAE as a reciprocating territory for the purpose of enforcing foreign civil ... Read more

UAE, India Agree To Tax Exemptions For Sovereign Investments

According to a statement from the UAE's Ministry of Finance, the tax exemptions are applicable to the infrastructure for... Read more

VAT Implementation In KSA And UAE: A Firsthand Impression

Some businesses are yet to fully understand the proper application of VAT on goods and service, writes Nidal Abou Zaki, ... Read more

UAE's Largest Bank Said To Cut Hundreds Of Jobs

Sources say First Abu Dhabi Bank is the latest UAE-based lender to shed staff as sluggish growth weighs on the finance i... Read more

UAE Tycoon Khurram Shroff Makes Offer To OYO Homes Division

Chairman of IBC Group and Gallery Suites says he has reached out to OYO founder with plan for funding and restructuring Read more

HSBC Launches New 'perfect' Bank Account For UAE Millionaires

Jade is a bespoke bank account offering a combination of personalised relationship management, advanced wealth solutions... Read more

Starting Your Business With Emirates NBD

Emirates NBD has a full range of packages and accounts tailored for any size business Read more

Mubadala Said To Be In Talks To Buy Jadwa's UAE Healthcare Assets

Saudi private equity group Jadwa owns a 42% stake in Abu Dhabi-based United Eastern Medical Services Read more

Saudi Inflation Set To Rise On Higher Consumer Spending In 2020

Jadwa Investment forecasts 1.7% inflation rate in Gulf kingdom this year as non-oil economy is expected to expand Read more