Middle East Business News

UAE Banks Set For Strong Asset Growth And Higher Profitability In 2018

NPLs to decline on implementation of IFRS 9 and collateralised lending to SMEs Read more

UBS Sees Business As Normal As It Contests Hong Kong Suspension

UBS discloses the suspension by Hong Kong’s securities regulator, the SFC, in its annual report released on Friday Read more

United Arab Banks Rights Issue Successfully Subscribed By 124%

The bank plans to increase its capital by Dh687.5 million to Dh2.06 billion from the earlier capital of Dh1.38 billion Read more

Egypt Picks 4 European Banks To Manage International Bond Sale

The government plans to issue $3 billion-$5 billion in international bonds in fiscal 2018-2019 Read more

Dubais Majid Al Futtaim Hires Banks For Perpetual Dollar Bond

The potential subordinated perpetual bond will be non-callable for eight years and will be of benchmark size Read more

Thomson Reuters Launches Bitcoin Sentiment Gauge For Crypto Traders

Bitcoin’s price gained more than 1,300 percent last year as investors piled in Read more

US Oil Export Surge Means Opecs Output Cuts May Be Doomed

US flows that are gaining a bigger slice of the prized Asian market may prompt some nations to boost supplies Read more

Mideast E-tailers Need To Get Their Returns Under Control

More so as these can eat away into their precious margins, and that is high-risk Read more

The Downside For The US From Its Shale-driven Boom

It could be that the country will be superseded by China in green energy sweepstakes Read more

Tesla Temporarily Suspended Model 3 Production In Late February

Model 3 production was idled from February 20 to February 24 before resuming, in a move to address bottlenecks and ramp ... Read more

China Seen Slowing Spending On Belt And Road Energy Projects

Beijing has invested about $128b in energy projects in Belt and Road countries since 2001 Read more

Baby Fashion Brands Expect A Lift From The Kardashians

Many of these retailers have been struggling of late — hit by flatlining birth rates and Amazon’s disruptive busines... Read more

Food Delivery Apps Are Not To Everyones Taste

Freedom Pizza founder says these are getting in the way of true customer experience Read more

Customers Have Final Word In Dubais F&B Scene

They get to decide whether there are far too many restaurants heating up market place or not Read more

Supermarket Food Counters Sour UAE Restaurant Prospects

Growing popularity of concept piles pressure on a sector that has already seen many businesses close Read more