Businessweek ME

434 Flips | 1 Magazine | 3 Likes | 2 Following | @BusinessweekME | Bloomberg Businessweek Middle East provides new perspectives on business, politics and society in the Middle East and North African (MENA) region.

Emirates NBD Seeks to Boost Foreign Ownership

Emirates NBD PJSC plans to open up for more foreign shareholders as Dubai’s biggest bank prepares a bid for Turkey’s DenizBank AS. The shares …

United Arab Emirates

Egypt Picks Banks to Manage International Bond Sale

Egypt selected four European banks to manage its first euro-denominated bond sale, taking advantage of lower borrowing costs in Europe as it looks to …

Budget Deficit

View: Markets Are Trapped as Policy Experiments Collide

The wide swings in equity prices recently and the rise in bond yields may just be a prelude of what’s to come as 2018 shapes up to be a very …

Egypt to Loosen Monetary Policy After ‘Reigning In’ Inflation

Egypt’s central bank plans to start easing monetary policy “soon,” once it’s convinced inflation has been reined in, Governor Tarek Amer said on …

Bitcoin Breaks Below $6,000 as Cryptocurrency Exodus Accelerates

The rout in cryptocurrencies intensified, sending Bitcoin to its lowest level since October, as worries over tighter regulation by U.S. authorities …

Don’t Panic. It’s No Taper Tantrum, JPMorgan Tells EM Investors

Emerging-market investors shouldn’t expect a repeat of the 2013 taper tantrum as Treasury yields climb, JPMorgan Asset Management said.Local-currency …

Gold Jewelry Demand Hits 20-Year Low in UAE

Gold jewelry demand in the United Arab Emirates sank to a 20-year low last year, the fourth consecutive annual decline, the World Gold Council …

Dubai Holding Appoints Amit Kaushal as CEO

Dubai Holding LLC appointed Amit Kaushal as CEO replacing Edris Alrafi, who left the investment firm owned by the emirate’s ruler after less than a …

Saudi Arabia Pumps $32 Billion Into Subsidised Home Loans

Saudi Arabia plans to spend 120 billion riyals ($32 billion) on subsidised home loans for borrowers, as it seeks to create conditions for an expanded …

Saudi Wealth Fund Closes In On ACWA Power Stake

Saudi Arabia’s sovereign wealth fund is nearing an agreement to buy about a 10 percent stake in ACWA Power International ahead of an initial public …

Saudi Economy Takes a Hit From VAT

A measure of business activity in Saudi Arabia’s non-oil economy dropped sharply to a record low in January, as the implementation of a new …

Daesh and al-Qaeda Targetting West Africa

Islamist militant groups in West Africa’s Sahel region are using increased support from al-Qaeda and Daesh and enhanced cooperation among themselves …

Cloud Computing Synopsis

BBW Cloud Computing SynopsisThe post Cloud Computing Synopsis appeared first on Bloomberg Businessweek Middle East.

Global Equity Slump Deepens as Rate Fears Grow

Asian equities fell and U.S. stock futures headed lower, extending the biggest selloff for global stocks in two years as investors adjusted to a …

May Under Fire as Brexit Reality Sparks Conservative Civil War

The hard choices of Brexit have tipped Theresa May’s Conservative Party into open warfare. It’s not clear the prime minister will survive the …

Hasbro to Launch Monopoly Made for Cheating

As Hasbro Inc. passed GO, collected $200, and lapped Mattel Inc. to become the No.1 toymaker in terms of sales, it also threw some gasoline on the …

Egypt Foreign Reserves Climb to Record Ahead of Bond Sale

Egypt’s foreign-currency reserves climbed to a record in January just as as the government prepares to raise as much as $5 billion from an …

Dubai’s Al Ghurair Finds Sweet Spot as Refining Profits Fall

Jamal Al Ghurair, a member of one of Dubai’s richest families, is investing in a sugar beet processing plant in Egypt as a global glut squeezes …

Saudi Hospital Operator to Hire Goldman, JPMorgan on Merger

Saudi Arabian hospital operator Al Hammadi Co. for Development & Investment is close to hiring Goldman Sachs Group Inc. to advise on merger talks …

How Worried Should You Be? Traders Confront Inflation’s Reality

For almost a decade, investors have waited patiently for any hint of inflation in the U.S. economy, a sign the recovery can sustain itself without …

Exxon Sees Oil Demand Down 20% in 2040; Or Maybe It’ll Be Up

If climate change curbs live up to their promise, oil demand may fall 20 percent by 2040, Exxon Mobil Corp. says in one forward-looking report. But a …

Bitcoin Ban Expands Across Credit Cards as Big U.S. Banks Recoil

A growing number of big U.S. credit-card issuers are deciding they don’t want to finance a falling knife.JPMorgan Chase & Co., Bank of America Corp. …

Kuwait’s $508 Billion Oil Spending Plan Gets Attention of Banks

Kuwait’s $508 billion energy spending plan and the prospect for juicy profits from financing it is grabbing the attention of some of the nation’s …

Friendly Fire a Growing Risk in Syria as U.S., Turkey Face Off

Turkey says it’s talking to the Americans. The U.S. says it’s talking to the Turks. Politicians and generals in the two countries are in almost …

U.S. Broadens Sanctions Against ‘Iran’s Primary Proxy’ Hezbollah

The U.S. Treasury broadened sanctions on Friday targeting Hezbollah’s financial network in the Middle East and Africa in a bid to crack down on …

Saudis Said to Raise Allowances for Some Royals After Purge

Saudi Arabia increased its payments to some members of the royal family just as officials were wrapping up a controversial anti-corruption campaign …

Harley-Davidson Is Making an Electric Bike, But Will It Rumble?

During a routine earnings call last month, Harley-Davidson Inc. announced it will produce an all-electric motorcycle.The announcement accompanied …

China’s $11 Trillion Bond Market Is Luring Foreign Investors

China’s efforts to open up its domestic bond market, the world’s third largest, are starting to pay off, by pulling in foreign investors drawn to …

Tunisia Set to Return to Pre-Revolution Growth in 2020, PM Says

Tunisia expects its economy to turn a corner by 2020, Prime Minister Youssef Chahed said, as his administration faces a wave of protests over living …

Egypt With Eni to Fast-Track Zohr Gas Output, Minister Says

Egypt is working with Eni SpA, operator of the giant Zohr gas field, to fast-track output and end the country’s need to import liquefied natural gas …