DUBAI: When news broke in January that Saudi Arabia was considering an initial public offering of its state-owned oil company, the first reaction on Wall...
DUBAI: Banks in the United Arab Emirates began marketing to other lenders a $850 million loan made to the Investment Corporation of Dubai for the construction...
DUBAI: Saudi Arabia plans to hold a debt auction next week, its first bond sale of the year, as the world’s largest oil exporter seeks to plug a budget...
DUBAI: Banks in the United Arab Emirates are prepared for deteriorating conditions into next year as oil prices remain lower for longer, leading to a decline...
DUBAI: China and the United Arab Emirates agreed to create a $10 billion co-investment fund to make strategic deals around the world as the Gulf nation seeks...
DUBAI: Dubai’s slowing economy, the rout in commodities and strict debt repayment laws are reviving a phenomenon that symbolized the emirate’s crash in 2009:...
DUBAI: Kuwait is planning to increase spending on infrastructure in 2016 as OPEC’s fifth-largest producer seeks to offset the impact of lower oil prices on...
DUBAI: From Oslo to Doha, Riyadh to Moscow, governments that rode crude’s historic rise to unprecedented wealth are now being forced to start repatriating...
Saudi Arabia is ordering a series of cost-cutting measures as the slide in oil prices weighs on the kingdom’s budget, according to two people familiar with...
Citigroup Inc. has won approval to trade Saudi Arabian equities, its first banking license since exiting the country in 2004, according to two people with...
DUBAI: Fears of a crisis in the United Arab Emirates real estate market are “overblown” because the impact of weaker currencies and slowdown in transaction...
DUBAI: Dubai property prices fell by 12.2 percent during the past year, the largest drop in the world, according to real estate consultancy Knight Frank.The...
Abraaj Group Ltd., the Dubai-based emerging markets buyout firm, raised $375 million for its North Africa private equity fund as investor appetite for the...
Apple Inc. has been granted an exemption from foreign ownership laws in the United Arab Emirates that will allow it 100 percent control of operations in the...
DUBAI: The cost of borrowing between banks in the UAE jumped to the highest in more than 16 months as deposit growth slowed amid the oil price slump.The...
DUBAI: Initial public offerings on Middle Eastern stock exchanges are set to pick up in the rest of the year and into 2016 as oil prices stabilize and market...
Faced with predictions that Dubai home prices may drop as much as 20 percent this year, analysts say the emirate’s real estate developers and lenders are...
DUBAI: Standard Chartered Plc, the British bank that generates most of its revenue in Asia, plans to exit from its small- and medium-enterprise lending...
Investors should sell any equities bought over the past year, hold the proceeds as cash and take a holiday from the market for six months, according to Steen...
The United Arab Emirates’ stock market regulator is working on rules that would make it harder for startup companies to sell shares in an initial public...
DUBAI: Dubai is spending more than $45 billion on a new airport and another $2.9 billion on a theme park. Then there’s $6.8 billion to put up the world’s...
DUBAI: Dubai’s banks are extending loans to the local diamond industry, boosting the emirate’s ambitions of becoming a top trading hub, at a time when funding...
DUBAI: Local lenders in Saudi Arabia are dominating the market, prompting overseas banks to surrender their licenses as they struggle to compete, the chief...
DUBAI: HSBC Holdings PLC and JPMorgan Chase & Co. are among the banks set to profit after the Riyadh-based Capital Market Authority announced plans this week...
Saudi Arabia’s government and one of the country’s biggest banks plan to start a venture capital fund of up to 1 billion riyals ($270 million) to...