Middle East Business News

JPMorgan 'close' To Being Hired For Saudi Bank Merger

Sources say National Commercial Bank is close to hiring JPMorgan Chase & Co to advise on its merger with Riyad Bank Read more

Saudi Arabia To Hire HSBC Banker To Lead $11bn Privatisation Plans

Saudi Arabia set up the National Center for Privatisation in 2017 and hopes to generate about $11 billion by 2020 Read more

Russia's Sovereign Wealth Fund To Boost Investment Deals With Saudi Arabia

The Russian Direct Investment Fund and the Saudi Public Investment Fund have a $10bn investment partnership Read more

Air Arabia Files Lawsuit Against Abraaj Founder Arif Naqvi

Air Arabia said in June that it had an exposure of $336m to funds managed by Abraaj Group Read more

Etihad-backed Jet Airways Mulls Options Over $1.2bn Debt

One option for lenders led by State Bank of India is to seek extra investment from founder Naresh Goyal and Etihad Airwa... Read more

Etihad-backed Jet Airways Mulls Options Over $1.2bn Debt

One option for lenders led by State Bank of India is to seek extra investment from founder Naresh Goyal and Etihad Airwa... Read more

Bahrain's GFH Acquires UK Business Park

GFH Financial Group says it has bought Westside Office Business Park in Hemel Hempstead, England Read more

Bahrain's GFH Acquires UK Business Park

GFH Financial Group says it has bought Westside Office Business Park in Hemel Hempstead, England Read more

Bahrain's GFH Acquires UK Business Park

GFH Financial Group says it has bought Westside Office Business Park in Hemel Hempstead, England Read more

Emirates Islamic Posts Record $251m Net Profit In 2018

Chairman hails performance which sees highest ever recorded net profit since bank's inception in 2004 Read more

Emirates Islamic Posts Record $251m Net Profit In 2018

Chairman hails performance which sees highest ever recorded net profit since bank's inception in 2004 Read more

Emirates Islamic Posts Record $251m Net Profit In 2018

Chairman hails performance which sees highest ever recorded net profit since bank's inception in 2004 Read more

Gulf Banks Set To Continue Merger Trend, Says Moody's

There has been increased mergers and acquisition activity in the Gulf region, as falling oil prices hit government budge... Read more

Gulf Banks Set To Continue Merger Trend, Says Moody's

There has been increased mergers and acquisition activity in the Gulf region, as falling oil prices hit government budge... Read more

Gulf Banks Set To Continue Merger Trend, Says Moody's

There has been increased mergers and acquisition activity in the Gulf region, as falling oil prices hit government budge... Read more