Middle East Business News

UAE Investment In Russia Could Reach $10bn, Says RDIF's Kirill Dmitriev

Multiple deals worth $1.4bn were signed between two countries during Russian President Vladimir Putin's recent visit to ... Read more

Saudi Aramco Said To Pay Up To $450m To IPO Advisors

Sources say Saudi energy giant will pay between $350-450m to group of more than 20 banks advising on IPO Read more

UAE Regulator Seeks Feedback On Draft Crypto Asset Rules

Securities and Commodities Authority calls on all relevant parties to provide feedback on draft crypto regulations by Oc... Read more

Why The World's Biggest IPO Will Test Saudis' Faith In Crown Prince

Frenzy of excitement across the kingdom and social media over the IPO is only eclipsed by its importance Read more

Dubai's Mashreq Announces Appointment Of New CEO And Chairman

Former CEO Abdullah Abdul Aziz Al Ghurair becomes chairman of Mashreq after 30 years in previous role Read more

Telegram May Delay Coin Launch As SEC Halts US Sales

Dubai-based Telegram, which raised more than $1.7 billion last year for its project, told investors it's evaluating ways... Read more

Russian Sovereign Wealth Fund Eyes Joint Investments With UAE, Saudi Arabia

Russian President Vladimir Putin will visit the UAE and Saudi Arabia this week Read more

Actis Acquires Management Rights To Two Abraaj Funds

The move is meant to bolster Actis' position in the MENA region Read more

Cash-strapped Lebanon Looking To Eurobond Buyers To Ease Financial Strain

Lebanon has mandated four banks to market the latest Eurobond sale, which is due to be finalised this month Read more

Six-month Deposits In UAE Banks Up 10.4% To $49.6bn

Deposits accounted for 19.4% of the total deposits value from January through to August Read more

Singapore's Temasek To Rule Out Investment In Aramco IPO

Temasek's focus on sustainability and environmental, social and governance principles made it more difficult to support ... Read more

UAE Central Bank Removes 3% Early Settlement Fee For Mortgages

UAE banks can only charge borrowers a 1% early settlement fee or AED 10,000 Read more

Beehive Funds First SME In Bahrain

Mira Packaging Factory to use cash injection to expand and diversify product offering Read more

Russia Sovereign Fund Opens Saudi Office Ahead Of Vladimir Putin Visit

Russian Direct Investment Fund said it hoped to boost bilateral cooperation in economic and other spheres by setting up ... Read more

Fines For Bounced Cheques In Dubai Can Be Paid By Smartphone

Bounced cheques of up to AED200,000 represented 87% of cases settled by the Penal Order legislation between November 201... Read more