05/19/2020
Majority of startups in MENA see negative impact from COVID-19
Out of the e-commerce startups, 54.2 percent have a cash runway of less than six months
05/18/2020
Pandemic may force GCC banks to cut dividends, drive future M&A
First Abu Dhabi Bank PJSC posted a slight decrease in its first-quarter total capital ratio, according to S&P Global Market Intelligence data.
05/15/2020
GCC outlook: Should we worry about inflation after COVID-19 bailouts?
"The driver of inflation is money in the hands of the public, not money in the books of the central bank."
05/14/2020
UAE stimulus to help SMEs, says Abdulla Al Saleh
World trade is expected to fall by between 13 per cent and 32 per cent in 2020.
05/14/2020
Standard Chartered donates USD11,8m for immediate COVID-19 relief efforts across Africa and the Middle East
The donations will contribute to programmes providing urgent medical support and the protection and education of vulnerable children
05/13/2020
COVID-19 relief: Dubai family-owned businesses want 50 per cent cuts on utility bills, VAT reduction
Companies have also requested VAT to be reduced to 2 per cent from 5 per cent
05/12/2020
COVID-19: Saudi governorate put under total lockdown
24-hour curfew, ban on entry and exit in force in Beesh
05/11/2020
A guide to relief and stimulus measures for businesses in Dubai amid COVID-19 crisis
Developed by Dubai Government, the stimulus package includes 15 initiatives focused on the commercial sector, retail, external trade, tourism, and the energy sector.
05/04/2020
GCC bank credit profiles to weaken despite massive economic stimulus
Asset-quality issues and lower profits to put pressure on capital buffers in medium term
05/01/2020
Post COVID-19 scenario: Setting UAE banks on the recovery path
It’s time they accepted digital-led ways to control costs and reach clients
04/30/2020
MENA businesses should review insurance policies to cover COVID-19 losses
Marsh recommends organisations to work closely with their brokers, counsel to overcome challenges
04/30/2020
Fall in demand for oil and pandemic squeeze Saudi finances in first-quarter
Total revenue for the quarter amounted to SR192 billion, down 22 percent year on year
04/28/2020
Fintech sector poised for long-term gain from the Coronavirus pandemic
The forced exposure of consumers to digital products and services due to the lockdown will give a fillip to the fintech sector in the long-run
04/27/2020
COVID-19 response: DIFC announces Presidential Directive to protect firms, employees
Companies have the flexibility use emergency measures to deal with business conditions
04/27/2020
Coronavirus curfew in Saudi Arabia has been partially lifted
A 24-hour curfew still remains in Makkah and its isolated districts.
04/26/2020
Donations flow into Abu Dhabi’s campaign “Together we are good”
“The program will be a channel for the community to demonstrate the strength of their solidarity, cohesion and collaboration,” Ma’an announced.
04/26/2020
COVID-19 exacerbates challenges for GCC insurers' profitability and capitalisation
Virus and oil price slump to weaken profitability and capitalisation of regional insurers
04/26/2020
This is what the coronavirus recession could look like, according to global CEOs
The survey found that 11% of chief executives see coronavirus as a risk to the survival of their firm, while a further 40% say the pandemic poses a severe threat.
04/24/2020
A robot is helping medical staff fight COVID-19 in Saudi Arabia
The Arab region may not be Japan and its student-controlled robots accepting diplomas during lockdown but it's acting quick enough to catch up with the trends.
04/23/2020
Earth Day 2020: a worldwide call to boost climate action
The first Earth Day boosted environmental awareness and legislation.