Coronavirus: Saudi Arabia forced to boost borrowing as oil glut slams virus-hit economy
Saudi Arabia could be forced to borrow around $26bn more this year and will draw down up to $32bn from…
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UN, European Union warn Israel against West Bank annexation
The United Nations, the European Union and several European states, including the United Kingdom, Germany and France, have warned Israel…
Gulf lenders can absorb up to $36bn shock, says S&P
The Covid-19 pandemic and the collapse of oil prices will test the earnings of Gulf-based lenders but overall they could…
Real estate, insurance equities drag QSE
The Qatar Stock Exchange yesterday fell below 8,500 levels, mainly dragged by real estate and insurance equities. The increased…
Al Khaliji posts net profit of QR177mn in Q1
Al Khaliji has reported a flat year-on-year net profit of QR177mn in the first three months of this year. …
DMCC hosts virtual briefing with UAE Ambassador to China
Ahmed Bin Sulayem, Executive Chairman and Chief Executive Officer of DMCC joined a virtual briefing call this morning with His…
Rothschild Hires Former Goldman Sachs Banker Calleja in Dubai
Rothschild & Co. hired former Goldman Sachs Group Inc. deal maker Ken Calleja in Dubai as the boutique bank readies…
Apifiny Adds Arthur Wiseberg as Head of Institutional Sales, Europe Middle East and Africa, Bringing Experience from Huobi, Blackrock, and Barclays
Apifiny has announced a new key hire to lead its European market development. Arthur Wiseberg has joined Apifiny as Head…
Turkish government targets private banks during pandemic
The Turkish government's struggle to mitigate the economic damage from the COVID-19 outbreak has failed. It has now adopted a…
Dubai’s CBD reports weaker first quarter profit on higher provisions
Commercial Bank of Dubai reported a 7 per cent drop in its first-quarter net profit as impairment allowances rose and…
GCC banks’ strong earning capacity to help them navigate current downturn
The strong earning capacity of banks in the Gulf will help them navigate the current downturn, S&P Global Ratings said…
German companies optimistic about investment in Saudi Arabia
The year 2020 will always be associated with the coronavirus. The effect on the worldwide economy is currently difficult to…