Coronavirus curfew in Saudi Arabia has been partially lifted
The coronavirus curfew in Saudi Arabia has been partially lifted. Residents will have to stay in their homes between…
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Qatar banks post more than 9% jump in total assets in March: QCB
The credit line of Qatar's commercial banks, especially for the private sector, appears to be strong, thus helping in a…
StanChart’s Troubled Loans Top $600 Million on Corporate Woes
Problem loans at some of Standard Chartered Plc’s large clients may top $600 million as a string of corporate scandals…
UAE's Sharjah, Ras Al Khaimah to negative
S&P Global Ratings has lowered its outlook to negative from stable for Sharjah and Ras Al Khaimah, two of the…
UAE, Gulf states can raise billions via asset sales
Gulf nations may turn to asset sales to complement an almost $50 billion debt spree to support economies rocked by…
Egypt lender buys Mayfair Bank stake for Sh3.7bn
Egypt’s largest private lender, Commercial International Bank (CIB), will inject Sh3.7 billion ($35 million) into Mayfair Bank following its acquisition…
UAE is partially lifting its coronavirus lockdown measures
The UAE is partially lifting its coronavirus lockdown measures. From 24 April, residents will be allowed to leave their…
Gulf bonds prove resilience amid virus-induced adversity
As investors dealt with volatility across most of its prized asset classes, Gulf bonds are emerging resilient after yet another…
Peter Kenneth Sells Bank to Ksh2.5 Trillion Egyptian Firm
Mayfair Bank Limited, associated with former Nairobi gubernatorial aspirant Peter Kenneth is on the verge of acquisition following a nod…
COVID-19 response: DIFC announces Presidential Directive to protect firms, employees
Dubai International Financial Centre on Sunday announced DIFC Presidential Directive No. 4 of 2020, which seeks to help limit the…
Solidarity Fund: Dubai Islamic Bank unveils Dh120 million contribution
The Dubai Islamic Bank has announced on Saturday a Dh120 million contribution to the Community Solidarity Fund against COVID-19 launched…
Why gold is the dollar’s only real challenger among global currencies
The US dollar is back to highs not seen in three years, and that means the dollar-linked dirham is also…