'Qatar has flattened the curve, reduced virus impact by 75%'
Three months into the Covid-19 outbreak, Qatar has succeeded in flattening the curve and reducing the impact of the virus…
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Foreign institutions sustain bullish run on Qatar bourse
Foreign institutions’ substantially stronger buying interests yesterday sustained the bullish run in the Qatar Stock Exchange for the fourth consecutive…
Oman to set up an investment authority to manage government assets – state TV
Oman is setting up the Oman Investment Authority to own and manage most of the country's sovereign wealth fund and…
Dubai Islamic Bank to revive Islamic bond deal postponed amid market turmoil – sources
Dubai Islamic Bank has revived plans to issue a U.S. dollar-denominated sukuk, or Islamic bond, sources familiar with the matter…
Kuwait plans to drastically reduce expat population
As COVID-19 and low oil prices continue to rattle Gulf economies, the Prime Minister of Kuwait, Sheikh Sabah Khalid Al…
Tunisia cbank allows resident firms to borrow from abroad in foreign currencies
The Tunisian Central Bank said on Thursday it would allow locally based firms to borrow from abroad in foreign currencies…
Saudi banks face tough few quarters but are well capitalised, say CEOs
Saudi Arabia's banks face a tough few quarters as the coronavirus crisis and weak oil prices put pressure on profitability…
BACB makes double appointment in Côte d’Ivoire
British Arab Commercial Bank have made two new appointments to its Côte d’Ivoire team, both based in Abidjan. Patrick…
Authorities “may be sowing seeds of Turkish economy’s downfall” by pumping money at fastest rate for more than decade
An analyst on June 3 responded to data showing Turkey’s policy makers are pumping money into the economy at the…
EBRD TFP Awards recognise successful partner banks from three continents
EBRD recognises special achievements in trade finance by partner banks Banks in 27 countries honoured To date, TFP exceeds €5…
Banking on the unbanked
Two UAE-based fintech startups are expanding their service offering and targeting the underbanked migrant population in a push across the…
Pepperstone Secures Lucrative DFSA License in Dubai
Pepperstone has secured a license from the Dubai Financial Services Authority (DFSA), a few months after it has already incorporated…