Global countries’ economic outputs painful but uneven. How will the UAE fare?
The International Monetary Fund is downgrading its forecasts for next year, and warning of a long, slow recovery that will…
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More firms to default on debt due to business slowdown
More companies could default on their borrowings before the end of the year as business activities remain well below pre-pandemic…
Dubai's Arabtec asks banks for debt standstill for subsidiary, sources say
Arabtec Holding asked banks this week for a three-month standstill on debt repayments for its subsidiary Target, sources said, as…
Abu Dhabi Pension Fund, ADQ invest $2.1bln in ADNOC energy infrastructure deal
Abu Dhabi Pension Fund and ADQ, one of the region’s largest holding companies, will invest $2.1 billion into select Abu…
Major Gulf markets dip as financials decline
Major stock markets in the Gulf fell in early trade on Thursday, hurt by losses in banking shares, with Dubai…
Qatar’s digital industry poised for rapid growth fueled by $80bn investments
Qatar’s digital industry is poised for rapid growth fueled by strategic projects envisaging investment of over $80bn in the next…
Self-employed can take unemployment pay from pension
Israel's Ministry of Finance is to allow the self-employed to withdraw up to one third of the savings in their…
Allinial, Integra, Nexia and Russell Bedford expand in MENA
Global professional services groups Allinial Global, Integra International, Nexia and Russell Bedford have expanded their coverage in the Middle East…
QIB posts nine-month net profit of QR2.22bn
Qatar Islamic Bank has reported net profit of QR2.22bn during the first nine months of this year, which is in…
Appetite for ESG accelerates during pandemic: Royal Bank of Canada survey
Institutional investors are also increasingly turning their attention towards impact investing Key Highlights: 75% of institutional investors incorporate…
First Abu Dhabi Bank denies merger talks with Abu Dhabi Islamic Bank
First Abu Dhabi Bank said on Wednesday it was not in merger talks with Abu Dhabi Islamic Bank. The…
Al Masraf accepts the resignation of its CEO
The Arab Bank for Investment and Foreign Trade has announced that the Bank’s board of directors accepted the request for…