Kuwait banks yet to decide on distribution of cash dividends for 2020
Banks in Kuwait are yet to take a decision on the distribution of cash dividends this year as the global…
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Saudi Arabia triples taxes, cuts $26B in costs amid pandemic
Saudi Arabia announced Monday it was tripling taxes on basic goods, raising them to 15%, and cutting spending on major…
Banking equities help Qatar bourse cross 9,200 level
The Qatar Stock Exchange on Thursday gained more than 47 points to once again cross the 9,200 level, mainly lifted…
Turkish banks' short-term funding fix poses risks in COVID-19 aftermath
Turkish banks’ reliance on short-term foreign currency debt is proving a concern for investors as it risks piling on pressure…
Oman's Taageer Finance shareholders approve up to $25.97mln bond issuance
Shareholders of Oman’s Taageer Finance Company have approved the issuance of up to 10 million Omani riyals ($25.97 million) unsecured…
Saudi Arabia considers cancelling hajj for first time in modern history
Saudi Arabia is considering cancelling the hajj pilgrimage season for the first time since the kingdom was founded in 1932,…
Winning investments: UAE Mubadala's 2019 income surges to $14.43bln
Abu Dhabi's state investor, Mubadala Investment Company, has seen a big surge in its comprehensive income at 53 billion UAE…
Commercial Bank of Dubai allows foreign ownership of its shares
Commercial Bank of Dubai, which counts Investment Corporation of Dubai as its biggest shareholder, became the latest lender in the…
Lockdown could trigger exodus of expats from UAE
Lockdown measures worldwide have helped slow the spread of coronavirus, but some of the fallout has been more acute for…
Spotlight on ADGM: Structural Advantages and-Benefits for Investors
The Middle East remains a key centre for private equity and venture capital activity. While some investors have shied away…
UAE Sees More Economic Pain Before a Fourth Quarter Recovery
The United Arab Emirates expects its non-oil economy to contract 4.1% this year due to the coronavirus pandemic, with a…
Seven Bahraini firms among top 100 companies in Middle East
Seven Bahraini companies have been listed among the top 100 companies in the Middle East. Forbes Middle East has…