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Comment & Analysis

Bahrain to allow private employers to hire foreigners after four-month suspension

July 31, 2020

After a four-month suspension due to COVID-19 restrictions, Bahrain will allow private companies to resume hiring foreign workers, the state…

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Comment & Analysis

Morocco patient forced to go to bank by ambulance to pay for surgery

July 31, 2020

A Moroccan patient was forced to go to the bank by ambulance in order to pay her surgery expenses.  …

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Comment & Analysis

Turkey to Increase Censorship on Social Media Content

July 31, 2020

Turkey’s parliament passed a law regulating social media on Wednesday, that critics said will increase censorship and help authorities silence…

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Environment and Sustainable Investments

Advisory City: An ecosystem for consulting firms in Sharjah

July 31, 2020

In order to help consulting firms to grow in the Middle East, Advisory City has launched in Sharjah. The ecosystem…

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Comment & Analysis

Aamal reports gross H1 profit of QR154.8m

July 31, 2020

Aamal Company  announced yesterday its half-yearly financial results for the current year reporting a gross profit of QR154.8m, down 31.6…

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Comment & Analysis

UDC posts net profit of QR101m in H1 2020

July 31, 2020

Doha: United Development Company has announced its financial results for the first half of 2020, reporting net profit of QR101m…

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Environment and Sustainable Investments

Upbeat non-hydrocarbons sector helps Qatar post gain in Q1 real growth: PSA

July 31, 2020

Strong growth in non-hydrocarbons overcame the flat course in the hydrocarbon sector as Qatar reported an increase in real (inflation-adjusted)…

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Comment & Analysis

IMF bailout may be half what Lebanon sought when the talks began

July 31, 2020

Lebanon may only count on the International Monetary Fund for as little as half the bailout it had originally sought…

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Comment & Analysis

Outlook: Weakening capital buffers could trigger negative rating on GCC insurers: S&P

July 31, 2020

The GCC insurance players avoided negative rating action due to strong capital buffers during the first wave of COVID-19. However,…

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Hedge Funds & Alternative Investments

UAE oil trader GP Global files complaints over employee fraud

July 31, 2020

UAE-based oil trader GP Global has uncovered fraud within the company and filed criminal complaints against some of its employees,…

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FinTech

EFG Hermes concludes advisory role in $50m sale of Fawry shares

July 31, 2020

EFG Hermes has successfully concluded its advisory role on the follow-on sale of $50m worth Fawry shares, representing about 7%…

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Comment & Analysis

Travellers using Abu Dhabi and Dubai hubs will require a negative Covid-19 test

July 30, 2020

From August 1 all passengers travelling to and from Abu Dhabi and Dubai, or transiting via the UAE hubs, are…

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