(Bloomberg) — Saudi Arabia and United Arab Emirates banks may have their annual revenue estimates cut by one or two percentage points for every 25 basis...
The wait for 5G ended in UAE when the telecom leader Etisalat launched the country’s first 5G-enabled smartphone ZTE Axon Pro10, on June 4. With speed...
The United Arab Emirates’ sovereign wealth fund boosted its stake in Dubai-based telecom operator Du, snapping up a stake valued at about $630 million. The Emirates...
(Bloomberg) — Attacks on two oil tankers near the entrance to the Persian Gulf on Thursday raised fears the strategic region could be headed toward a...
(Bloomberg) — Abu Dhabi National Oil Co. and Dutch chemical producer OCI NV are in advanced talks to combine their Middle Eastern fertilizer businesses, people with...
(Bloomberg) — Banks in the United Arab Emirates may go through a second wave of consolidation as lenders seek to improve profitability and tackle inefficiencies, according...
(Bloomberg) — Abu Dhabi Investment Authority, one of the world’s largest sovereign wealth funds, plans to buy out Vornado Realty Trust’s 25% stake in the midtown...
(Bloomberg) — Business conditions in Saudi Arabia and the United Arab Emirates improved the most in years, signaling that recoveries may be taking hold in the...
(Bloomberg) — Dubai Islamic Bank PJSC is proceeding with plans to acquire a smaller local rival as the United Arab Emirates’ biggest Islamic lender joins a...
(Bloomberg) — An investigation into a spate of attacks on oil tankers in the Middle East last month has concluded that a “state actor” is to...
