Middle East Business News

Middle East Investors Target $5.3bn London Commercial Property Spend In 2020

Regional investors are set to increase commercial real estate investment in London this year, according to Knight Frank Read more

Dubai Autism Rocks Support Centre Closes Its Doors

Founder of UK-based Autism Rocks, Sanjay Shah, subject of tax fraud allegations in Denmark totalling 1.5bn UK pounds Read more

Saudi's Public Investment Fund Sells Almost All Of Its Tesla Holding

Saudi fund announced in September 2018 that it would invest more than $1 billion in Lucid Motors Read more

Investors Should Expect 'modest Returns' In 2020, Says Emirates NBD

After 'spectacular 2019', Maurice Garnier, chief investment officer, Emirates NBD, predicts single-digit growth in 2020 Read more

Lebanon Banks Tighten Withdrawal Caps, Sparking Outcry

Withdrawal limits differ from bank to bank, but have so far generally been capped at around $1,000 a month Read more

Souq.com, Careem Have Given 'false Hope' To Entrepreneurs, Says Prince Khaled

Chairman of KBW Ventures says more must be done to help grow start-ups in the region Read more

Lebanon Minister Warns Health Sector At Threat Over Dollar Shortage

Jamal Jabak urges central bank to release US dollars over a hard currency shortage limiting medical imports to the prote... Read more

Abu Dhabi Said To Invest Up To $1.5bn In Saudi Aramco IPO

Sources say the emirate is seeking to make the investment through one or more state-linked entities Read more

UAE Parent App QiDZ Secures $1m In Seed Funding

Company says it will use the funds to enhance its product offering, grow its team and expand its footprint into other GC... Read more

Abu Dhabi Crown Prince Orders $1.8bn Housing Packages For Emiratis

Sheikh Mohamed bin Zayed Al Nahyan's directive aims to double the number of housing loans to UAE citizens Read more

Bahrain's Investcorp Invests $45m In Indian Healthcare Firm

Investcorp has announced that it has closed a $45m investment in Nephrocare Health Services Private Limited Read more

UAE Billionaire Wealth Falls More Than $4bn To Under $20bn

UBS and PwC Billionaires Insights report reveals there were seven billionaires in the UAe in 2018, unchanged from previo... Read more

Why Saudi Aramco's IPO Is No Ordinary Share Sale

Key questions answered on Saudi oil giant's IPO ahead of its launch next month Read more

What Are The Prospects For GCC Banks In 2020?

Moody's Investors Service says the outlook for GCC banks remains stable, expect in Oman Read more

Is $1.7trn A Fair Valuation Of Saudi Aramco?

Some money managers believe the energy giant is worth less than the valuation target of Saudi Arabia's Crown Prince Moha... Read more