07/09/2020
Kuwait’s budget crunch may push it to tap fund for life after oil
The nation is running a deficit that could reach 40% of its economy this year
Research, Comment and Analysis
07/08/2020
Qatar Airways now requires passengers to wear face shields as well as masks
Only those in business class will be exempt
07/08/2020
Top 10 Arab Family Businesses in 2020
The group’s founder, Abdullah Hamad Al Zamil, first established his trade and services business in Bahrain in 1920.
07/07/2020
GCC banks’ profitability to decline by 20% this year: Moody’s
Strong capitalization will support solvency, cost management to remain in focus
07/07/2020
Now What? by Gary Dugan
That said many an equity investor is taking a positive view of developments.
07/07/2020
Could The UAE Replace Hong Kong As Asia’s Financial Center?
A large number of financial transactions to the mainland have been routed through Hong Kong.
07/06/2020
$800bn plan to turn Riyadh into cultural hub for the Middle East
It’s a significant plan and the whole city is working to make sure this happens.
07/05/2020
Gold Funds Underpin Pandemic Price Rally as Jewelers Vanish
The shift underscores the global push-and-pull for gold between western investors looking for a safe haven and traditional demand centers for physical gold in Asia.
07/03/2020
UAE's 47 billionaires control $163bln wealth, says report
The number of billionaires worldwide rose 8.5% to 2,825 in 2019
07/03/2020
Saudi Arabia can bridge budget gap through debt, says Citi Bank chief
Citi has been involved in some of the big bond issues Saudi Arabia has raised, including the record-breaking $12bn Saudi Aramco bond last year.
07/02/2020
Pandemic prompts 'thousands of expats' to bid goodbye to Dubai
Oxford Economics has forecast the UAE risks losing up to 900,000 jobs due to the covid-19 pandemic and its strictly-enforced lockdowns.
07/01/2020
Gulf economies to shrink by 7.6% this year, says IMF
He said oil-producing countries in other regions were likely to see even larger drops.
06/30/2020
Egypt's Mansour Group tops list of Arab family businesses. Which are the rest?
The list included 10 companies more than a century old, and 13 companies formed between 75 and 100 years ago
06/30/2020
COVID-19: UAE banking sector could see more job cuts this year
Cost pressures and digitization will cause shift in post-COVID hiring as well
06/30/2020
Here is why the UAE will become the number one global fintech hub
2019 saw fintech deals and funding spread to emerging and frontier markets. South America, Africa, Australia, and Southeast Asia (SEA) all saw funding top annual highs.
06/30/2020
Revealed: The UAE's most powerful business families
Forbes Middle East issues list of 100 Most Powerful family businesses in the region.
06/30/2020
Global Business Barometer Improves
This put it ahead of other options such as direct fiscal stimulus to consumers and tax cuts.
06/29/2020
Renewed activity observed across global residential markets: Savills
Once travel restrictions into Singapore are eased, Cheong expects ultra high-net-worth Chinese buyers to snap up properties in the city-state.
06/29/2020
Founder of first Islamic bank Saeed Lootah dies at 97
The businessman founded Dubai Islamic Bank and co-founded S.S.Lootah Contracting Company with his brother Sultan
06/26/2020
Turkish central bank unexpectedly halts easing cycle
Fallout from the pandemic brought Turkey’s economy to a near stand-still in the second quarter.