Middle East Business News

Opinion: Only Two Stars For The Uber-Careem Deal

Elie Khouri, CEO of Omnicom Media Group MENA, takes a longer-term of the record-breaking transaction Read more

Abu Dhabi Fund Approves $80m Loan For Argentina Water Project

Abu Dhabi Fund for Development agrees financing for expansion of a water treatment plant in Desvio Arijon Read more

India's Central Bank Cuts Interest Rate With More Easing Seen

Thursday's cut reverses the 50 basis points of increases delivered by the Reserve Bank of India last year Read more

FAB 'strongly Denies' It's Considering A Merger With ADIB

A First Abu Dhabi Bank spokesperson said the bank is "fully focused on unlocking its full potential and maximising share... Read more

SoftBank To Seek $15bn More For Its Huge Tech Fund

SoftBank's Vision Fund - backed by Saudi Arabia and Abu Dhabi - has invested more than $70 billion in tech companies in ... Read more

Abu Dhabi Said To Mull Merger To Create Biggest MidEast Bank

Sources say emirate is considering combining Abu Dhabi Islamic Bank with First Abu Dhabi Bank Read more

'No Significant Impact' On Jobs From Mashreq Branch Closures

Senior exec says bank is retraining employees as part of its digital transformation strategy Read more

Nasdaq Dubai Welcomes $1bn Sukuk Listing By Sharjah

Emirate's total sukuk value listed on the Dubai financial exchange has now reached $3.45bn Read more

DIFC FinTech Hive Launches New Cycle Of Accelerators Programme

Middle East's largest financial technology accelerator says third cycle will kick off in September Read more

Emirates NBD To Pay 14% Less For Turkey's Denizbank After Lira Slide

Emirates NBD will now pay $2.75bn for Sberbank's wholly-owned Turkish unit Read more

Revealed: How Dubai's Mashreq Is Adapting To A New Era In Banking

Mashreq Bank unveils a reimagined branch format as part of its digital transformation strategy Read more

Saudi Shares Overtake Turkey As Destination For US Funds

The amount of money that US-based investors are pouring into Saudi Arabian equities has overtaken flows into Turkish sto... Read more

How Aramco's Giant 2018 Profit Dwarfs Joint Earnings Of 163 Saudi Stocks

$111bn earned by state oil major dwarfs the $28.4bn combined net income for all the companies traded in Riyadh Read more

Prince Khaled Sees Big Gaps In MidEast VC Landscape Despite Careem Deal

Son of Saudi billionaire Prince Alwaleed says Uber's $3.1bn deal for Careem shouldn't mask regional shortfalls in ventur... Read more

Most UAE Angel Investors Prioritise Home Markets - Survey

Research from Abu Dhabi-based global accelerator reveals importance of the UAE market to investors Read more