European bank loans Turkey’s QNB Finansbank $108M
The European Bank for Reconstruction and Development (EBRD) is providing a €100 million ($108 million) loan to a Turkish lender…
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Linklaters Plans Third Middle East Office
Linklaters is planning to expand its Middle Eastern offering with a new office in the region, two people close to…
Coronavirus has not changed the Middle East
The coronavirus pandemic does not respect borders. Middle Eastern countries have reacted differently and at different times. Eventually, however,…
Turkey crunch would pack only weak punch for emerging markets
Turkey could be heading for another financial crunch but its diminished importance for investors in developing economies and changes in…
Fitch Revises Arab Banking Corporation's Outlook to Negative; Affirms IDRs
Fitch Ratings has revised Arab Banking Corporation B.S.C.'s Outlook to Negative from Stable, while affirming the bank's Long-Term Issuer Default…
Emirates Post records 45% increase in last-mile delivery volumes in UAE
Emirates Post has registered a 45% growth in last mile delivery volumes since the beginning of 2020 compared to Q4…
Al Salam Bank-Bahrain’s ASB Global REIT Fund posts record 25.75% total return in 2019
Al Salam Bank-Bahrain has announced that its ASB Global REIT Fund achieved a record 25.75 percent total return for the…
EMEA emerging market banks face rising risks amid lockdown, oil shock – Fitch
European, Middle East & African emerging market banks face rising risks due to weaker economic activity triggered by coronavirus and…
GCC outlook: Should we worry about inflation after COVID-19 bailouts?
It's a rough ride for the Gulf states. The pandemic is cratering businesses and people are losing their jobs, creating…
Dubai leads GCC stock market decline in early trade
The UAE and other GCC stock markets fell on Thursday morning, in line with decline in other global markets. …
Egypt's Suez Canal Bank to sell entire stake in Midor
Egypt’s Suez Canal Bank will sell its entire stake in Middle East Oil Refinery (Midor) for $30.6 million. The…
UAE expats 'exempt from all fines' for 3 months
The United Arab Emirates announced this morning that all expats residing in the country who have breached the terms of…