Saudi Arabia, UAE send relief aid to flood-stricken Iran

Saudi Arabia and the UAE send 95 tons of humanitarian aid after at least 76 people have died in Iran floods...
18 Apr 2019

Third senior Abraaj executive said to have been arrested

Sev Vettivetpillai, a former Abraaj managing partner, has reportedly been arrested for extradition to the US and is due to appear in court in London...
18 Apr 2019

Kuwait-backed firm buys 50% stake in UK shopping mall

Cale Street Investments, a firm backed by the Kuwait Investment Office, has announced a 50/50 joint venture for the Intu Derby shopping centre...
18 Apr 2019

Three firms set to end 17-month IPO drought on Dubai's DFM

Dubai Financial Market says companies are preparing initial public offerings for trading...
18 Apr 2019

Dubai mega project to deliver 5,000 extra homes by end-2019

The 750-acre Town Square Dubai will be home to over 18,000 people by the end of this year, says CEO Fred Durie...
18 Apr 2019

UAE expert says cybercrime is $8trn threat to global economy

Dr Karim Sabbagh, CEO of DarkMatter Group, outlines vulnerabilities of UAE websites as cyber attacks increase...
18 Apr 2019

Dubai residential property prices said to fall 12.4% in past year

ValuStrat Price Index for the first quarter of 2019 shows that prices dropped by 3.2% compared to the previous quarter...
18 Apr 2019

UAE's GDP forecast to grow to $460bn in 2019

International Monetary Fund says growth reflects economic diversification efforts made by the country...
18 Apr 2019

Saudi mining giant says to make first international acquisition

Ma'aden says deal for an 85% stake in the Mauritius-based Meridian Group is due to be completed by September...
18 Apr 2019

How Khorfakkan's epic tale of resistance became a movie

Film has been produced to tell the story of the resistance put up by Khorfakkan's inhabitants during a Portuguese invasion over 500 years ago...
18 Apr 2019

UAE developer Binghatti to open sales offices in Saudi Arabia

CEO Muhammad Binghatti says company is eyeing the launch of an office in Riyadh and Jeddah within two months...
18 Apr 2019

Bahrain's Investcorp inks commercial property deal in Frankfurt

The acquisition is Investcorp's third real estate investment in Germany in the past 12 months...
18 Apr 2019

Dubai fit-out firm wins major Saudi hotels deal

MMAC Design Associates has been appointed as interior designer on two large multiple brand 5, 4 and 3 star hotel projects in Saudi Arabia...
18 Apr 2019

Saudi Aramco hype meets reality as bonds drop after unprecedented sale

Aramco is integral to the economy of Saudi Arabia, which has been ramping up debt sales in recent years as falling oil prices left it with budget deficits...
18 Apr 2019

Nestle reports strongest first quarter since 2016 on pricing

Nestle Middle East and North Africa saw 'mid-single-digit organic growth'...
18 Apr 2019

Amazon launches Arabic version of text-to-speech service at Dubai summit

Dubai's Emirates NBD is using AWS' Amazon Polly in its automated call centre...
18 Apr 2019

UAE real estate sector performance subdued in Q1

Residential sale and rental prices are expected to continue to decline, according to a report from Cavendish Maxwell...
18 Apr 2019

Lebanon's PM Hariri warns of unprecedented austerity in 2019

Lebanese Prime Minister Saad Hariri said the country would be heading to an economic catastrophe if the government fails to implement harsh reform measures in this year's spending plan....
18 Apr 2019

Etihad assisting Jet Airways passengers in wake of airline's collapse

The State Bank of India-led consortium is looking to sell a controlling stake in Jet and has shortlisted four potential buyers, including Etihad Airways, which already owns 24%...
18 Apr 2019

Saudi Arabia to host G20 Leaders' Summit in November

G20 Leaders' Summit will mark the first time a G20 summit takes place in the Middle East or North Africa...
18 Apr 2019