Qatar- Islamic finance gaining stronger foothold in China
As this year's GDP growth of China, the world's second largest economy and major manufacturing hub, is forecast to reach…
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Saudi Arabia pressured but adequately buffered: MUFG MENA
Despite the twin shocks of steep fall in oil price and the Covid-19 economic impact, Saudi Arabia remains well-positioned to…
NMC Health's audit firm faces UK probe
Britain's accounting regulator has opened an investigation into Ernst and Young's audit of hospital operator NMC Health that was placed…
Saudi Arabia hit with Moody's downgrade, prepares for 'painful' measures — but can likely weather the storm
Saudi Arabia is preparing to enact “strict, painful measures” in the face of its worst growth contraction in two decades…
IMF chief says had 'productive' call with Lebanon on its recovery plan
The head of the International Monetary Fund said on Monday she had a “productive” discussion with Lebanese Prime Minister Hassan…
Saudi Arabia’s Monshaat holds online sessions to support SMEs during pandemic
The General Authority for Small and Medium Enterprises (Monshaat) on Monday said that viewership of the virtual sessions it has…
SABIC cuts capital expenditure after Q1 losses
Saudi Basic Industries Corporation suspended most of its capital expenditure after recording losses of SR950 million ($203.9 million) in the…
Qalaa Holdings moves to losses in 2019
Qalaa Holdings announced turning to losses during 2019, the consolidated financial statements showed. The company incurred net losses of…
Gold is well-positioned as a hedge against inflation risk from expansionary fiscal and monetary policies
Weakening of US dollar could increase demand for gold in other currencies “Against a global backdrop characterised by risk…
Coronavirus: UAE Higher Sharia Authority approves COVID-19 parameters
The Higher Sharia Authority for financial and banking activities in the UAE held its second meeting of 2020 on April…
Thomson Reuters Enhances Strategic Partnership with Path Solutions for ONESOURCE Centralized Tax Solution
Thomson Reuters have enhanced their existing partnership to provide the GCC’s financial services sector with an opportunity to introduce automation,…
Virus may force Kuwait Finance and Bahrain’s AUB to reassess merger
One of the Middle East’s rare cross-border bank mergers may need to be reassessed after the coronavirus delayed the formation…