Middle East Business News

Abu Dhabi Commercial Bank To Focus On Home Markets

Abu Dhabi Commercial Bank combined with local rivals Union National Bank and Al Hilal Bank in May to create the Gulf reg... Read more

India Central Bank Denies Reports Of Selling Gold From Reserves

The Economic Times had reported on Friday that the Reserve Bank of India started trading in gold actively since July Read more

So Who Will Attend Saudi Arabia's Investment Summit This Year?

Elites of global finance are descending on Riyadh from October 29, days after Saudi Aramco delayed its initial public of... Read more

UAE's Biggest Bank Posts 4% Profit Rise To $2.5bn

First Abu Dhabi Bank CEO says on track for a record performance in 2019 Read more

UAE Central Bank Confirms Move To Control Real Estate Exposures

Central Bank of the UAE releases for consultation proposed new regulations to better control real estate exposures in th... Read more

Dubai Banking Giant Offers Luxury Cars, Watches In New Savings Promotion

Emirates NBD is offering individual and SME customers the chance to win luxury cars and premium watches when they save Read more

Saudi Arabia Raises $2.5bn In First Sukuk Sale Since Oil Attacks

Sale reflects how demand for Saudi Arabia's Islamic bonds has remained buoyant after missile and drone attack on its oil... Read more

Bahrain's Investcorp Buys Leeds Hub As UK Industrial Portfolio Grows

Investcorp completes its third UK Industrial and Logistics Programme followingacquisition of fulfilment centre in Leeds Read more

Creative Zone Buys Stake In UAE's Largest Insurance Brokerage

UAE-based business set-up advisory firm acquires stake in InsuranceMarket.ae Read more

Sharjah Lists $750m Sukuk On Nasdaq Dubai

Announcement of second sukuk listing this year on Nasdaq Dubai by the emirate, following a $1bn listing in April Read more

UAE Banks Lobby Calls For Real Estate Lending Limits

Abdul Aziz al-Ghurair, head of the United Arab Emirates Banks Federation, has revealed plans for a cap on loans Read more

SoftBank Set To Pump Billions Into Struggling Start-up WeWork

The SoftBank bailout package, which involves new financing, speeding up already pledged money and a new tender offer for... Read more

$1.9m Art Collection Once Owned By Ex-Abraaj Head To Be Auctioned

Christie's to sell 19 works which were once part of collection owned by Arif Naqvi Read more

Saudi Arabia Said To Plan $2.5bn Sukuk Issuance

Source says world's biggest oil exporter is seeking to take advantage of borrowing costs that are around the lowest in f... Read more

TransferWise To Begin Offering Low-cost Money Transfers In UAE In 2020

TransferWise serves 6 million customers worldwide and processes $5bn in customer payments every month Read more