Aramco unit gives $2m to help fight virus
A Saudi Aramco unit has given $2 million to aid the fight against the coronavirus. Aramco Trading Company donated…
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Firms given extra 6 months to implement seismic UAE regulation
The UAE’s Insurance Authority has decided to extend its commission capping regulation for six months. The succinctly-named Insurance Authority…
Al Ramz Capital expands market-making activities on Nasdaq Dubai
Al Ramz Capital, a subsidiary of Al Ramz Corporation Investment and Development, has expanded its market-making activities in Nasdaq Dubai…
UAE Exchange customers keep waiting for their money
Some UAE residents have become victims of the ongoing shutdown of operations at UAE Exchange Centre, with their funds getting…
Abu Dhabi bank taps Lazard to advise on NMC, Finablr exposures
Abu Dhabi Commercial Bank hired Lazard Ltd. to advise on its exposure to NMC Health Plc and Finablr Plc, as…
Coronavirus Poses Downside Risks to Jordanian Banks
The spread of the coronavirus will add pressure to Jordanian banks and to the challenging domestic operating environment that was…
Gulf Banks Put Brakes on Lending as Dollar Liquidity Crunch Looms
Gulf banks are limiting their lending to minimize potential losses from the coronavirus crisis and an expected squeeze in dollar…
COVID 19: How Dubai banks can make your life, businesses easier this April
Emirates NBD, Dubai Islamic Bank, Emirates Islamic Bank, Mashreq Bank and Commercial Bank of Dubai have rolled out a series…
Bahrain pays back $1.25bln in bonds – statement
Bahrain has paid back $1.25 billion in bonds that matured on March 31, the Ministry of Finance and National Economy…
UAE Central Bank discusses Targeted Economic Support Scheme to contain coronavirus
The Board of Directors of the Central Bank of the UAE, CBUAE, held its third meeting this year via video…
Saudi Arabia pumps 12m barrels of oil for the first time
Saudi Arabia pumped more than 12 million barrels of oil on Wednesday for the first time in its history. …
Coronavirus, low oil prices threaten GCC insurers’ earnings- S&P
The coronavirus pandemic and the oil price shock threaten earnings of GCC insurers, possibly leading to negative rating actions in…