Turkey’s Central Boosts Short-Term FX Borrowing to a Record
The Turkish central bank brought its short-term borrowing of hard currency from local lenders to a record as it looked…
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Lebanese MPs await IMF remarks on capital control law – MP
Lebanese lawmakers are awaiting recommendations from the IMF to include in a draft law which blocks capital transfers from Lebanon…
Fitch affirms National Bank of Ras Al-Khaimah at 'BBB+'; Outlook Stable
(The following statement was released by the rating agency) Fitch Ratings-London-28 May 2020: Fitch Ratings has affirmed National Bank of…
Fitch revises Burgan Bank Turkey's outlook to negative
Fitch Ratings has revised the outlook on the long-term foreign-currency issuer default ratings (LTFC IDRs) of nine Turkish foreign-owned banks,…
Remote workers present a new security threat in the age of COVID-19
The onset of the COVID-19 pandemic has created unprecedented challenges for organizations as many employees have transitioned to working out…
Leumi Reports First Quarter 2020 Results
Net loss in the first quarter of 2020 totaled NIS 232 million ($65 million). The loss stems from a substantial…
Union Properties subsidiary announces $408.4m legal figh
A subsidiary of Dubai-based developer Union Properties has launched a $408.4 million (AED1.5 billion) legal action against an unnamed company…
Covid-19 job losses will be replaced as entrepreneurs emerge, says Shehab Gargash
Widespread job losses in the UAE and GCC caused by the economic impact of the Covid-19 pandemic will eventually be…
OECD recognises UAE's efforts in fighting coronavirus
The Organisation for Economic Cooperation and Development, OECD, has recognised the determined efforts of the United Arab Emirates in fighting…
Kuwait MP set to grill finance minister over fund corruption
Kuwait’s MP Riyadh Al Adsani has vowed to reveal any details related to the Malaysian Fund in his question put…
Dubai is building a city just for online shopping
E-commerce is the future of all things retails. And those he did not believe in the former now stand corrected…
Egyptian government prepares new economic stimulus package
The Egypt government has introduced a new economic stimulus package in light of the economic setbacks caused by the coronavirus…