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          Business

          News, stories and insights from the Gulf, Middle East and the world, including updates on oil, markets, finance, industry and banking

          Oil tanks at Saudi Aramco's Ras Tanura oil refinery. The company received more than $60bn worth of orders for its first US dollar-denominated sukuk. Bloomberg

          Aramco raises $6bn through first US dollar sukuk

          MarketsJune 21, 2021, 5:52 AM
          Aerial view of Abu Dhabi. Energy sector deals helped to grow foreign direct investment into the UAE last year. Courtesy: DCT Abu Dhabi

          UAE was the world's 15th-biggest recipient of foreign investment last year

          EconomyJune 21, 2021, 5:51 AM
          The Kingdom Tower in Riyadh. Saudi Aramco closed a $12.4bn deal for its oil pipelines business. Photo: Bloomberg

          Aramco closes $12.4bn pipelines deal with EIG-led consortium

          BusinessJune 21, 2021, 5:51 AM
          The Riyadh skyline. Saudi Arabia Watheeq is launching a $26.7m VC fund to invest in PropTech start-ups. Reuters

          Saudi Arabia's Watheeq launches $26.7m PropTech venture capital fund for Mena investments

          BusinessJune 21, 2021, 3:30 AM
          Sultan bin Sulayem, DP World Group chairman and other executives speaking during the virtual event. Photo: Dubai Customs

          Dubai’s external trade to grow further as economy recovers from the pandemic

          BusinessJune 20, 2021, 5:41 PM
          The Concourse D at Terminal 1 at the DXB, which will be opened for passengers from June 24. Photo: Dubai Airports

          Dubai to reopen Terminal 1 ahead of ‘huge’ surge in passenger traffic

          BusinessJune 20, 2021, 1:15 PM
          Dubai based e-commerce firm The Luxury Closet secured $14 million in new funding. Sarah Dea/The National

          The Luxury Closet raises $14m for expansion

          BusinessJune 20, 2021, 9:18 AM
          People eat a meal at a food court in a New Delhi mall. Inflation is rising in India, driven by higher oil prices. AFP

          Surging inflation complicates India's pandemic recovery

          BusinessJune 20, 2021, 4:00 AM
          A pedestrian walks past residential houses in Notting Hill in London. Britain's stamp duty holiday ends on June 30. Bloomberg

          End of stamp duty holiday unlikely to dent Middle East demand for British homes

          PropertyJune 19, 2021, 5:00 AM
          Shoppers pass the GAP store on Oxford Street in London. Consumers scaled back their shopping in May as they chose to eat out instead. Getty Images

          UK retail sales fell 1.4% in May as spending switched to eating out

          BusinessJune 18, 2021, 11:24 AM
          The country’s economy is expected to grow 2.4 per cent in 2021 and non-oil economy by 4 per cent, according to UAE central bank. Ryan Carter / The National

          UAE’s economy is expected to grow 2.4% in 2021, central bank says

          BankingJune 17, 2021, 4:05 PM
          Emirates will resume services to a number of cities in July. Photo by Justin TALLIS / AFP

          Emirates aims to recover close to 90% of its pre-pandemic network by end of July

          BusinessJune 17, 2021, 12:30 PM
          FILE PHOTO: Saudi woman walks at the Saudi stock market (Tadawul), in Riyadh, Saudi Arabia March 9, 2020. REUTERS / Ahmed Yosri / / File Photo

          Saudi Arabia to merge its insurance and pensions funds to create entity with $29bn in holdings

          BusinessJune 17, 2021, 12:03 PM
          The Central Bank of the UAE raised its base rate applicable to the Overnight Deposit Facility by 5 basis points on Thursday.

          The Central Bank of UAE raises base rate by 5 basis points following Fed move

          BusinessJune 17, 2021, 11:49 AM
          Pump jacks operate at sunset in Midland, Texas. Global oil traders are bullish about crude prices amid higher demand and supply constraints. Reuters

          Why oil could hit $100 a barrel

          BusinessJune 17, 2021, 10:27 AM
          Egypt put on a mummies parade to the National Museum of Egyptian Civilisation in April in a bid to boost tourism and the economy. Photo: AFP

          Egypt's economy could stage a China-like rebound, analysts say

          EconomyJune 17, 2021, 7:55 AM
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