Middle East Business News

Dubai's Mashreq Says 2018 Net Profit Stable At $570m

Mashreq CEO, Abdul Aziz Al Ghurair, says 2018 'was a difficult year' due to market fluctuations Read more

Dubai Investments Park Passes 5 Million Sq Ft Leasing Milestone

Major names from a variety of industries chose DIP as their new home last year, says senior exec Read more

Air Arabia Lawsuit Against Abraaj Founder Is 'abuse Of Legal System', Says Lawyer

Dr. Habib Al Mulla said the misdemeanour case filed by the airline is an attempt to exercise pressure in order to achiev... Read more

India's SBI Raises $1.25bn From Overseas Bonds

Some analysts see the move as a proxy attempt by the government to prevent the rupee from falling again Read more

Saudi Bonds To Join JPMorgan Index In $119bn Gulf Addition

Saudi Arabia and four other Gulf nations will join JPMorgan Chase & Co's emerging-market bond indexes this month Read more

Saudi Aramco Refinery JV Said To Hire Adviser On Funding

Sources say financing for the $5bn Amiral project is expected to be arranged from banks and export credit agencies Read more

JPMorgan 'close' To Being Hired For Saudi Bank Merger

Sources say National Commercial Bank is close to hiring JPMorgan Chase & Co to advise on its merger with Riyad Bank Read more

Saudi Arabia To Hire HSBC Banker To Lead $11bn Privatisation Plans

Saudi Arabia set up the National Center for Privatisation in 2017 and hopes to generate about $11 billion by 2020 Read more

Russia's Sovereign Wealth Fund To Boost Investment Deals With Saudi Arabia

The Russian Direct Investment Fund and the Saudi Public Investment Fund have a $10bn investment partnership Read more

Air Arabia Files Lawsuit Against Abraaj Founder Arif Naqvi

Air Arabia said in June that it had an exposure of $336m to funds managed by Abraaj Group Read more

Etihad-backed Jet Airways Mulls Options Over $1.2bn Debt

One option for lenders led by State Bank of India is to seek extra investment from founder Naresh Goyal and Etihad Airwa... Read more

Etihad-backed Jet Airways Mulls Options Over $1.2bn Debt

One option for lenders led by State Bank of India is to seek extra investment from founder Naresh Goyal and Etihad Airwa... Read more

Bahrain's GFH Acquires UK Business Park

GFH Financial Group says it has bought Westside Office Business Park in Hemel Hempstead, England Read more

Bahrain's GFH Acquires UK Business Park

GFH Financial Group says it has bought Westside Office Business Park in Hemel Hempstead, England Read more

Bahrain's GFH Acquires UK Business Park

GFH Financial Group says it has bought Westside Office Business Park in Hemel Hempstead, England Read more