Middle East Business News

Lebanon Said To Plan $2bn Eurobond Issue

Lebanon is planning to cut its budget-deficit-to-GDP ratio from 11% to 9%, according to a top government economic advise... Read more

Dubai's Damac Secures $229m Financing For Luxury London Project

Three banks provide funds for Damac Tower at Nine Elms, the first in Europe to be designed in partnership with Versace H... Read more

Abraaj CEO Charged With Fraud In US After Dubai Firm's Collapse

Arif Naqvi, the founder and ex-CEO of Abraaj, was arrested Wednesday in the UK and is awaiting possible extradition to t... Read more

Uber Files Documents For IPO After Careem Deal

Uber's valuation in its latest private investment round was more than $70 billion Read more

Saudi Aramco's $12bn Bond Deal Fizzles As Sell-off Continues

Offering sinks for a second straight day, marking a quick sell-off that calls into question the depth of the deal's $100... Read more

Trendy Makeover For Saudi Arabia's Delayed Banking Hub

The King Abdullah Financial District is being revamped to blend business with residential and lifestyle destinations Read more

Alwaleed's Kingdom Said To Swerve Deal For Saudi Aramco Bonds

Kingdom Holding CEO Talal Ibrahim al-Maiman says yield on Aramco bonds was 'a bit lower' than what the company would exp... Read more

The $100bn Man: How Aramco CEO Amin Nasser Delivered The Record-breaking Bond

For Nasser, perhaps more at ease with Saudi geology than Wall Street finances, the deal is the culmination of a 37-year ... Read more

Prince Alwaleed's Kingdom Holding To Decide On $1bn Property Spin-off

IPOs and real estate investment trusts are among options for the portfolio of domestic real-estate assets Read more

Investors Turn Lukewarm On Saudi Aramco After Bond Debut

Enthusiasm over one of the most oversubscribed debt deals ever is running out of steam in the first full day of trading Read more

Sharjah Gov't Says To Invest $300m In Invest Bank

Shareholders of Sharjah-based Invest Bank have approved an investment of AED1.1 billion by the Government of Sharjah Read more

UAE's Mubadala Opens New York Office Amid US Push

Mubadala Investment Co adds New York to offices in San Francisco as it looks to build presence in the US Read more

Dubai's Network International Jumps In Early Trading After $1.4bn London IPO

Based on the sale price, the company will have a market value of $2.85bn Read more

HSBC Appoints New CEO For Middle East Region

Martin Tricaud has been appointed CEO for the Middle East, North Africa and Turkey region, succeeding Georges Elhedery Read more

Standard Chartered Reaches $1.1bn Settlement On Iran Sanctions

The penalties also cover some $600m in US transactions from 2008 to 2014 that originated at Standard Chartered's London ... Read more