Middle East Business News

Al Fares To Invest Dh60m In Dubai Industrial Park

The UAE-based supplier of tents and mobile structures is expected to create 500 jobs at the new premises Read more

Adnec Signs Sponsorship Agreement With Abu Dhabi Ports

The agreement aims to enhance Abu Dhabi’s position as a prominent leisure marine luxury yachts tourism destination Read more

Cybercriminals Shift To Coinmining As A New Revenue Source

Saudi Arabia is ranked first and the UAE third in the region for cryptominers Read more

China Warns Against Trade War, Appeals For Cooperation

Global financial markets have sunk on fears Chinese retaliation might prompt other governments to raise import barriers,... Read more

Saudi Dairy Firm Nadec To Buy Danone Unit Via Capital Increase

Nadec will fund the acquisition of privately held Al Safi Danone through a capital increase of 536 million riyals ($143 ... Read more

DIB Launches MyHome, A New Home Finance Product

Customers to get more choice and flexibility Read more

UK To Order Facebook, Google To Redo Data Policies: Report

The government has summoned executives from Facebook, Google and Twitter to a meeting in April to discuss data managemen... Read more

Sinopec Lifts Capex After Best Posting Annual Profits Since 2013

Sinopec net income up 10.1% in 2017 on higher oil prices Read more

S. Korea, US Reach Agreement In Principle On Trade: Minister

Seoul’s trade minister said Seoul was able to defend its ‘red line’ on farm goods and no additional concessions we... Read more

China Will Steadily Advance Financial Reforms, Open Sector -c.banks Yi Gang

China to push forward financial reforms, says new central bank governor Yi Gang Read more

Emaar Properties Shares Hit 52-week Low

DFM bellwether has shed 32% of its value from a high of more than Dh8.43 hit in September 2017 Read more

Dana Gas AGM To Approve Dividend Distribution

The AGM will be held on April 18 Read more

Qantas Sets Aviation Milestone As Perth Flight Lands In London

Flight QF9, which originated in Melbourne, landed at London Heathrow at 5:02am Sunday following a 14,498-km trip from Pe... Read more

Bitcoin Slumps After Japan Warns Major Cryptocurrency Venue

Japan’s Financial Services Agency issued a warning to Binance for operating cryptocurrency exchange services with Japa... Read more

Fed Keeps Stress-test Clamp On Banks Amid Dodd-Frank Rewrite

As business gets better for the banking industry, the tests are meant to get even harder to make sure the lenders don’... Read more