Middle East Business News

Bahrain Announces Largest Oil Discovery Since 1932

Find contain highly significant quantities of shale oil, deep gas Read more

Developers Can Sell On-site At Cityscape Dubai 2018

This is the second year this is being allowed after Dh870m was clocked up in sales in 2017 Read more

Abu Dhabi Targets 600,000 Chinese Hotel Guests A Year By 2021

Roadshows held in China to attract more tourists Read more

US Could Become The Worlds Top Oil Producer Due To Shale Output

Production could touch 11.4m barrels per day in 2019 Read more

Aldar Awards Dh1.3b Contract For Waters Edge Project

The project comprises studios, one, two and three-bedroom apartments Read more

Are UAE Workers Getting A Bonus In 2018?

Salary experts asked what their organisations' plans are when it comes to bonuses and wage hikes Read more

Mild Buying Continues On UAE Bourses As Saudi Index Declines

Saudi Arabia’s Tadawul index closed 0.72 per cent lower to 7,814.54, extending losses for another session Read more

Mohammad Bin Rashid Partially Amends Law Regulating Security Industry

The new Law amends Article (21) of Law (12) of 2016 Read more

Market Shake-up Deepens In Kuwait In Bid To Draw Stock Investors

The bourse will divide its stocks into three sections, based on criteria including their market capitalisation and the v... Read more

Bitcoin Breaches $7,000 In Downbeat End To Dismal Quarter

The moves took the token’s losses in 2018 to a whopping 50 per cent, and other digital assets, including rivals Ripple... Read more

$1.5tr Fund Dares Active Crowd To Prove Its Worth

Only if they outperform their benchmarks will the active managers see increased fees Read more

Iraq Brings Forward Awarding Of New Oil Contracts To April 15

The new contracts will exclude oil by-products from the companies’ revenues Read more

Gulf General Investment Company In Talks With Lenders To Restructure Debt

The Sharjah-based firm is in the process of negotiating with its lenders to restructure certain existing loan and credit... Read more

Chinas Yuan To Post Biggest Quarterly Rise Against Dollar In A Decade

Yuan appreciated around 3.7 per cent during the March quarter Read more

Saudi Arabias Emerging Market Status Comes With Sobering History

The Saudi stock benchmark advanced to the highest since 2015 Wednesday before FTSE Russell’s decision Read more