Middle East Business News

Saudi Aramco Bond Debut Raises $12bn Amid Record Demand

Demand for Saudi Aramco's debut offering was so robust it allowed the energy giant to borrow at a lower yield than its s... Read more

Saudi Aramco Bond Sale Said To Attract Record $92bn Demand

Source says state oil giant is set to bump up bond to $12bn following heavy demand Read more

Bahrain SWF's Property Arm To Buy 36% In Car Parks Firm

Bahrain Real Estate Investment Company says to acquire 36.6% of shares in the Bahrain Car Parks Company Read more

UAE Payment Firm Finablr To Launch London IPO

Holding firm Finablr is behind brands UAE Exchange, Travelex Holdings and Xpress Money Read more

Dubai Esports Team Wins Seed Funding From Angel Investor

Yalla Esports has secured funding from a group of strategic investors, led by angel investor Kushal Shah Read more

Jet Airways Fails To Pay Interest To Etihad-linked EA Partners

Entity set up to finance affiliates of Etihad Airways says Jet Airways India has become the third carrier to fall behind... Read more

Gulf Firms Confront New Era Of Low Oil Prices With Merger Wave

The growing number of transactions the Gulf region should encourage public and private companies to consider the M&A... Read more

South African Expats Will Soon Have To Start Paying Tax: A Guide For Those In The UAE

Expats living in the UAE will be forced to pay 45% on earnings over $75,000 from March 2020 Read more

Bahrain's Investcorp Sells US Home Maintenance Firm

Wrench Group is sold by Investcorp to Leonard Green & Partners, a Los Angeles-based private equity firm Read more

$10bn Saudi Aramco Bond Sale To Close On Wednesday

International investors have so far made bids totalling three times the value of the bonds, says Saudi minister Read more

Dubai Islamic Bank Is Said To Consider Acquiring Noor Bank

Dubai Islamic Bank held preliminary discussions with Dubai-based Noor Bank's shareholders, according to sources Read more

Ex-Morgan Stanley Banker Leading Middle East Charge Toward Boutiques

Boutique advisory firms are earning almost a quarter of all investment-banking fees paid in the Middle East, up from jus... Read more

Interest In Saudi Aramco Bond Sale Said To Reach $26bn

State-owned oil giant drums up support for its debut offering at presentations in New York, Chicago, Singapore and Tokyo Read more

UAE's New FDI Law Could Accelerate Inflows By Up To 20%

Landmark law will be discussed at the Annual Investment Meeting 2019 in Dubai next week Read more

Saudi's SALIC Makes First Australian Farming Acquisition

Saudi Agricultural and Livestock Investment Company buys 200,000 hectares in Western Australia's wheat belt Read more