Middle East Business News

New US Tax Law Brings Buffetts Firm $29b

The new law, greatly touted by President Donald Trump, lowered the tax rate paid by US corporations from 35% to 21% Read more

Taxi Companies Line Up To Overhaul Japans Staid Cab Sector

Japan’s taxi companies have seen little reason until now to innovate, shunning the upheaval seen across the industry e... Read more

Rise In US Oil Could Disrupt Output Cut Deal

Shutdown of an oilfield in Libya and positive comments from Saudi oil minister support oil prices Read more

Demand Patterns Will Remain Steady For Oil And Gas

Any change will be forced by government interventions or tech disruptions Read more

UAE Insurers Report Strong Results Supported By Gains In Underwriting Income

Last year most insurers reported major improvements in underwriting and technical profitability Read more

Despite Stock Slump, Central Bankers Eyeing Tighter Monetary Policy

Talk of tightening comes just weeks since a rout in stock markets led some to suggest central banks would have to hold b... Read more

Net Interest Income Growth Boosts Profitability Of UAE Lenders

Moodys expects credit growth to positively impact large lenders in 2018 Read more

Economic Rebound Supports UAE Bank Profitability

Top four banks gain from higher core income and business volumes Read more

Saudi Aramco Considers Buying Stake In Indian Refineries

Al Falih said Aramco had already signed an agreement to initiate talks for acquiring stake in the proposed Rs1.8-trillio... Read more

Buffett Warns Investors That Safe-looking Bonds Can Be Risky

He highlighted the risk of bonds and emphasised the importance of sticking with a simple investment strategy Read more

GCC — The Oil-rich Bloc Thats Facing A New Era

For years the GCC successfully turned its natural resources into material economic dividends. But how sustainable is thi... Read more

Achieving Innovation In Islamic Economy

Islamic economy can redirect national economies from risk-taking to sustainability Read more

Abraaj Founder Cedes Control Of Funds Division In Reshuffle

Dubai-based private equity firm undergoes restructuring following reports of misused funds Read more

Revealed: The Best Areas To Invest In Property In Abu Dhabi

Bayut.com publishes report showing the highest returns on investment in the UAE capital Read more

UK Defence Giant Downbeat On Profits As Saudi Jets Deal Stalls

BAE Systems says slowing production of its Eurofighter jet will weigh on profit this year Read more