Rating agencies take closer look at Saudi banks
The recent collapse in crude prices driven by a sharp coronavirus-led drop in global oil demand has prompted major credit…
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ITA announcement 22 March 2020 to postpone mandatory dates for submission of 2019 Israel individual income tax returns
What is the change? Effective immediately, the tax filing deadline for all individuals has been extended to 30 July…
Major Challenges Ahead – EM and eurozone in focus
US equities led by tech continue to climb higher It’s only a matter of time before the scale of the…
United Arab Bank: The Journey Forward
United Arab Bank shines wiser, stronger, taller and more determined on the other side of 2019. As a result of…
BlackRock AUM drops CHF 1tn, with long-term outflows in EMEA
Blackrock’s long term products suffered outflows of $18.7bn (CHF 18.2bn) in Q1 2020, of which $10.6bn (CHF 10.3bn) was from…
Trade Bank of Iraq announces $3bn capital boost
Trade Bank of Iraq has announced a major hike in its capital for 2020 which has risen to $3 billion…
Mena's first quarter Investment banking fees climb 11% boosted by M&A deals
Fees earned by investment banks operating in the Middle East and North Africa climbed 11 per cent year-on-year in the…
UAE banks told not to terminate Emiratis or cut their salaries due to coronavirus
The UAE Central Bank has postponed Emiratisation target in the financial sector for 2020 and also asked banks not to…
Mashreq Bank’s first quarter profit slides amid coronavirus pandemic
Mashreq Bank, the Dubai lender controlled by the Al Ghurair family, reported a 28 per cent drop in its first-quarter…
Abu Dhabi Government ties up with banks to expand SME financing
Abu Dhabi’s department of finance has joined hands with three of the emirate’s top lenders to expand the SME Credit…
Dubai businesses seek rental relief from private landlords
The government backed entities have offered up to three months of rental relief to their retail clients due to slump…
Qatar government debt ‘mitigated’ by ‘credible’ currency peg: Moody’s
Qatar’s high government debt and a relatively high share of foreign-currency debt is “mitigated by a credible” currency peg to…