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    Middle Eastern finance

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    • Sunday, 28 May, 2023
      New Development Bank
      Saudi Arabia in talks to join China-based ‘Brics bank’

      Multilateral lender founded as competitor to west has struggled to raise funds because of Russia exposure

    • Friday, 28 April, 2023
      Egypt
      Egypt struggles to lure Gulf buyers in state asset sell-off

      Cairo’s allies have shifted from handing out traditional support to seeking commercial deals and demanding reforms

    • Wednesday, 12 April, 2023
      News in-depthVenture capital investment
      Silicon Valley VCs tour Middle East in hunt for funding

      Liquidity crunch leads investors such as Andreessen Horowitz to sovereign wealth funds in Saudi Arabia, Qatar and UAE

    • Wednesday, 29 March, 2023
      Abu Dhabi
      Sheikh Mohammed bin Zayed names his son crown prince of Abu Dhabi

      UAE leader appoints Sheikh Khaled as heir apparent as part of series of changes at top of Gulf state

    • Tuesday, 28 March, 2023
      News in-depthIPOs
      Middle East on ‘radar’ of global investors as it enjoys IPO boom

      Frenzy of activity across the region contrasts sharply with Europe’s moribund market

    • Thursday, 16 March, 2023
      Money laundering
      Lebanon’s central bank chief in court to face money-laundering allegations

      Riad Salameh for the first time appears in front of European investigators probing the accusations

    • Wednesday, 15 March, 2023
      Iran
      Iran’s top security official to visit UAE as regional relations thaw

      Trip by Ali Shamkhani follows China-brokered deal between the Islamic republic and Saudi Arabia

    • Thursday, 9 March, 2023
      Abu Dhabi Investment Authority
      Sheikh Tahnoon named chair of $790bn Abu Dhabi sovereign wealth fund

      UAE founder’s son — who is both national security adviser and a prominent private sector figure — extends influence

    • Wednesday, 4 January, 2023
      The Big Read
      The new Gulf sovereign wealth fund boom

      Companies are flocking to the Middle East to raise capital just as they did in 2008. But funds say they are being more strategic about investments

    • Thursday, 27 October, 2022
      Egypt
      Egypt reaches $3bn IMF loan deal after agreeing to float currency

      Egyptian pound plunges 14.5% after Cairo moves to flexible exchange rate demanded by fund

    • Wednesday, 26 October, 2022
      Saudi Arabia
      Saudi wealth fund targets $24bn investment in Arab states

      Kingdom’s sovereign fund to set up companies in Middle East and north Africa in attempt to shore up soft power

    • Monday, 22 August, 2022
      United Arab Emirates
      UAE ambassador returns to Iran as regional tensions ease with Islamic republic

      Gulf state’s plan to restore diplomatic relations with Tehran follows similar move by Kuwait

    • Friday, 19 August, 2022
      Middle Eastern economy
      Middle East states set for $1.3tn oil windfall, says IMF

      Bonanza will bolster firepower of Gulf’s sovereign wealth funds

    • Wednesday, 17 August, 2022
      Central Bank of Egypt
      Egypt’s central bank governor resigns

      Official quits as Arab state struggles with foreign currency shortage and economic fallout of Ukraine conflict

    • Tuesday, 5 July, 2022
      News in-depthUnited Arab Emirates
      Gulf oil cash becomes a magnet for global money managers

      Hedge funds look to expand in a region not laid low by inflation and the war in Ukraine

    • Wednesday, 1 June, 2022
      News in-depthSaudi Arabia
      Mortgage boom as Saudis queue up to buy first homes

      Jump in lending and purchases reflects government push and drive to win support among youth

    • Friday, 27 May, 2022
      Special purpose acquisition companies
      First Middle East Spac lists in Abu Dhabi

      Number of businesses in region are considering blank-cheque company option despite it falling out of fashion elsewhere

    • Tuesday, 12 April, 2022
      LexDubai
      Dubai Electricity & Water Authority: emirate invigorates stock market with privatisations Premium content

      Dewa’s monopoly status is one of its most attractive features

    • Tuesday, 12 April, 2022
      Dubai
      Shares in Dubai’s biggest utility surge on market debut

      IPO of Dubai Electricity & Water Authority raises $6.1bn as emirate seeks to revive capital markets

    • Wednesday, 30 March, 2022
      Middle Eastern economy
      Saudi Arabia sends $5bn to help Egypt’s economy

      Kingdom joins other Gulf states in assisting Cairo as prices for wheat, cooking oil and fuel soar following war in Ukraine

    • Wednesday, 2 February, 2022
      Belt and Road Initiative
      China pours money into Iraq as US retreats from Middle East

      Beijing strengthens regional ties despite overall fall in Belt and Road investment

    • Monday, 31 January, 2022
      United Arab Emirates
      UAE to introduce corporate tax rate from 2023

      Resource-rich Gulf state seeks to diversify economy and adapt to international norms

    • Wednesday, 8 December, 2021
      Property sector
      Emirates Reit’s manager fined $210,000 for ‘misleading statements’

      Dubai regulators say Equitativa failed to take reasonable steps to report relevant information

    • Monday, 29 November, 2021
      News in-depthDubai
      Dubai faces up to rivals as it plans stock exchange revival with IPO offerings

      City has come under pressure from regional powerhouses Abu Dhabi and Saudi Arabia

    • Sunday, 24 October, 2021
      The Big Read
      Gulf tensions: Saudi Arabia flexes its economic muscles

      Border tariffs with the UAE and other GCC states viewed as part of efforts to woo companies to base themselves in kingdom

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