Middle East Business News

First Abu Dhabi Bank To Enter Commercial Banking In Saudi Arabia

UAE’s biggest lender by assets approved the distribution of cash dividends of Dh0.70 per share Read more

Bahrains Alba On Track To Complete Debt Financing For Smelter Expansion -official

With Line 6, Alba will become the world’s largest single aluminium smelter complex Read more

Regus Opens New Business Centre At World Trade Centre

The company says it’s the first business centre to cater to offshore and onshore firms Read more

Mubadala Petroleum Eyes Expansion In Indonesia

Abu Dhabi-based firm win bids for the exploration of two blocks Read more

Emaar Pitches The Saffron Town Houses At Dubai South

New three- and four-bedroom units represent a steady expansion of Emaar’s portfolio at the location Read more

Saudi Inflation Jumps In January On Price Hikes

Rates rose three per cent in January compared to the same period the previous year Read more

Dar Al Arkan Meets Bond Investors For Non-deal Roadshow

Dar Al Arkan, which issued $500m of Islamic bonds last April, held the meetings to update investors on the company’s b... Read more

GCC Sovereign Commercial Debts Set Decline 15%

Change in deficit financing strategies and funding needs to impact borrowings Read more

Abraajs Naqvi Cedes Control Of Funds Division In Reshuffle

Naqvi, 57, will remain CEO of Abraaj Holdings and retain a non-executive role on the fund division’s investment commit... Read more

Volkswagen Settles US Emissions Lawsuit Just Before Trial

Case was dismissed on Friday on agreement by the parties, according to a copy of the filing Read more

GFH Shares Shine On DFM Before Stocks Go Ex-dividend

DIB rights acting as a dampener on local markets Read more

PNB Fraud Should Not Halt Corporate Lending, Assocham Says

Industry body says letters of credit and letters of undertaking allegedly misused by diamond traders are legitimate inst... Read more

Austria Seeks Bitcoin Rules Based On Gold, Derivatives Controls

Loeger is meeting his Portuguese counterpart Mario Centeno in Lisbon today and will raise the issue Read more

Cisco Says Most Network Gear Needed For 5G Is Ready Now And Can Cut Costs

Cisco said it is working with more than 20 network operators to offer next-generation 5G services Read more

Indian Equities To Seek Direction From Macro-data, Global Cues Next Week

Provisional figures from the stock exchanges showed that last week foreign institutional investors (FIIs) sold off scrip... Read more