Middle East Business News

Abu Dhabi's Man City Named England's Most Valuable Club

Premier League champions Manchester City, owned by Abu Dhabi, are valued at $3.07bn ahead of rivals United Read more

Emails Reveal US Investor Warned Months Before Abraaj Collapse

At least two senior executives of Hamilton Lane Inc received an anonymous email in September 2017 advising them not to i... Read more

Saudi Wealth Fund Looks To China Amid Global Ambitions

Public Investment Fund managing director says keen to accelerate Asia growth, sees 'a lot of potential' Read more

Former Abraaj CEO Arif Naqvi Granted $20m Bail By London Court

Former Abraaj boss gets bail despite worries by prosecutors that he may flee to Pakistan rather than face US fraud charg... Read more

New UAE Banking Group Unveiled With $115bn Assets

ADCB Group starts operations following the merger of Abu Dhabi Commercial Bank and Union National Bank and acquisition o... Read more

Former Abraaj Exec Granted $10m Bail Bond In New York

Mustafa Abdel-Wadood was placed under house arrest at a New York apartment Read more

Saudi Bank Mortgages Tripled In Q1

The size of funding also grew 133% compared to the same quarter last year Read more

Abu Dhabi Said To Weigh Multi-billion Dollar Gas Pipeline Deal

Adnoc is speaking to financial advisers about bringing in international investors for the pipelines, which could help ra... Read more

Bahrain's Investcorp Buys US Properties In $170m Deal

Investcorp has acquired about $2bn of US real estate through 21 deals over the past 18 months Read more

From DNA To Electronic Tagging: Terms Of Abdel-Wadood's $10m Bail Package

US Attorney's Office said former Abraaj executive remains under home detention at a Manhattan apartment Read more

UAE's Largest Bank FAB Posts Record Net Profit In Q1

First Abu Dhabi Bank CEO says optimistic for remainder of 2019 after reporting record first quarter net profits Read more

Dubai Crown Prince Approves New Gov't Fine And Fee Payments

Sheikh Hamdan issues a resolution approving the payment of selected Dubai government fees and fines in instalments Read more

Abu Dhabi Fund Set To Deposit $250m In Sudan Central Bank

Abu Dhabi Fund for Development announces plan to secure increased liquidity and strengthen the financial position of the... Read more

Citigroup Sees Surge In Middle East M&A Deals

Senior Citigroup exec says it is working on about seven M&A deals regionally, mainly in Saudi Arabia and the UAE Read more

Oman Seeks Up To $6bn For Airline, Airports Expansion

Oman Aviation Group is aiming to raise funds for the expansion of Oman Air and airports in the country Read more