Leading stories of the day
After relishing a cocktail of cheap crude mixed with profits from fuel sales, Asia’s oil processors are facing their reckoning over a lack of restraint. Profits from turning crude into fuel in Asia since…
Saudi Arabia’s sovereign wealth fund made its highest-profile deal, investing $3.5 billion in U.S. ride-share company Uber Technologies Inc. as the…
|By Arabian Post Staff| The Dubai Gold & Commodities Exchange (DGCX) witnessed a strong upswing across various segments, which has been…
|By Arabian Post Staff| DP World’s new $1.2 billion 7-year sukuk received strong investor interest and was two times oversubscribed receiving…
|Arabian Post Staff| Banks in Saudi Arabia are coming under fresh pressure over products that allow speculators to bet against the…
|By Arabian Post Staff| The overall tourism spend by visitors to the UAE declined by 6% in the first quarter of…
|By Arabian Post Staff| Emirates Islamic announced the successful closure of its US$ 750 million 5-year Sukuk from its US$ 2.5…
|By Arabian Post Staff| Dubai’s government owned property developer Limitless will make an early payment of 2.07 billion dirhams ($564 million) to banks…
|By Arabian Post Staff| Saudi Arabia ranks among the top dozen foreign holders of U.S. debt, the Treasury Department disclosed, breaking…
|By Arabian Post Staff| Dubai ports operator DP World Ltd. has selected more than a dozen banks for its sale of…
|By Arabian Post Staff|The heads of governments of two tax havens, under spotlight for disclosures of corruption and black money, advised…
|Arabian Post Special|The leaked Panama Papers figure over 7700 offshore entities from the United Arab Emirates, which include more than 180…
|By Arabian Post Staff| The UAE has earned the distinction of being the fastest growing market in the world for card…
|By Arabian Post Staff|In further signs of consolidation by pro-reform Saudi Deputy Crown Prince Mohammed bin Salman, Saudi Arabia’s King Salman…
JPMorgan Chase & Co., Morgan Stanley, Gulf International Bank BSC, National Commercial Bank, Samba Financial Group and Saudi Fransi Capital are…
1Malaysia Development Bhd. defaulted on a $1.75 billion bond this week. It missed a $50 million interest payment amid a dispute…
|By Arabian Post Staff| As the local economy continues to adjust to softening global conditions, overall residential values and rents in Dubai…
Saudi Arabia’s Deputy Crown Prince Mohammed bin Salman unveiled his “Saudi Vision 2030” to reduce the kingdom’s reliance on oil. The…
Saudi Arabia’s plan for the post-hydrocarbon era will have to overcome habits developed over decades of relying on crude sales to…
Oil advanced to a five-month high as declining U.S. crude production provided more evidence that the market is rebalancing. Futures rose…
Saudi Arabia’s Public Investment Fund is seeking to recruit senior bankers to help the kingdom run what may become the world’s…
|By Arabian Post Staff| Dubai Mall recorded 80 million visitor arrivals in 2015. Various Emaar malls together received more than 124…
Oil tumbled after output talks Sunday between the world’s biggest producers ended without an agreement, outweighing the supply impact of strikes…
Top executives at the world’s largest oil-trading houses said the worst of the market’s woes are probably over, with some predicting…
|By Arabian Post Staff| The cut in housing allowances implemented by companies in Abu Dhabi is creating further strain on the…
|By Arabian Post Staff| SAMA’s foreign assets fell by US$9.4 billion in February, which is more than the combined US$1 billion…
|By Arabian Post Staff|The Dodsal Group, a Dubai-based business conglomerate currently operating in countries in MENA and East Africa region and…
|By Arabian Post Staff| Hedge funds which bet on Saudi riyal’s dollar peg are reported to have lost heavily as the…