VAM Funds Announces Registration of Funds in UAE
VAM Funds has announce that it has obtained the approval of the Securities and Commodities Authority (‘SCA’) to register…
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Kuwaitization gathers momentum: 50% of expats working for subcontracting firms to be laid off
Pink slips are already out for many expatriates working on contracts in Kuwaiti ministries, especially those employed in non-technical fields,…
Egypt's local bank deposits increase to EGP 3.268trn in June: CBE
The Central Bank of Egypt has reported that local bank deposits increased by about EGP 77.319bn during June 2020, to…
'Brexit will bring us closer to the Gulf', says UK Middle East Trade Commissioner
The UK’s withdrawal from the EU will allow British companies to forge a more direct and closer relationship with governments…
Kuwaiti lessor halves Boeing 737 MAX order after ending legal claim
Kuwaiti aircraft leasing company Alafco has halved its order for 40 Boeing 737 jets after reaching an agreement to end…
Dubai landlord lists 400 properties on Urban platform
More of Dubai’s property leasing is getting onto digital platforms. Dubai Asset Management has struck a partnership with Urban,…
Dubai attracted Dh12b in foreign direct investments in first-half 2020
Dubai attracted foreign direct investments of Dh12 billion in the first six months of 2020, split across 190 projects. …
Gold rises above $2,000 mark on stimulus bets, weaker dollar
By Gold rises above $2,000 mark on stimulus bets, weaker dollar, Reuters News Gold scaled an all-time peak on…
Total collapse: Lebanon’s currency crisis explained
Lebanon’s current economic catastrophe is epitomised by one factor more than any other: The free fall of its currency. Since…
Ed appoints Assad Ulhaq as senior broker for EMEA
Ed, the global reinsurance, wholesale and specialty broker, has appointed Assad Ulhaq as senior broker and producer, with immediate effect. …
JPMorgan revamps shareholder activism defense practice -sources
JPMorgan Chase & Co is revamping its shareholder activism defense practice by promoting David Freedman to oversee the business globally…
JPMorgan Sees Virus Fallout Stoking Middle East Deals Into 2021
The financial fallout from the coronavirus pandemic will keep fueling debt issuance from the Middle East into 2021, while also…