04/20/2020
Qatar’s real GDP growth forecast to bounce back in 2021April
Oil producers are not the only economies in the region strained by virus-related shutdowns and struggling to patch up financing gaps.
Alternative Investments
04/17/2020
Kuwait Syrian Holding posts 40% lower loss in 2019
The board of directors did not propose any dividends for 2019
04/17/2020
$7bln Saudi bond sale oversubscribed - MoF
Issuance was more than 7 times oversubscribed with total orders amounting to more than $54bln
04/17/2020
BlackRock AUM drops CHF 1tn, with long-term outflows in EMEA
The world’s largest asset manager’s AUM fell to $6.4tn (CHF 6.2tn), compared to $7.4tn (CHF 7.2tn) at the end of 2019.
04/16/2020
Saudi Aramco in talks with banks to borrow about $10 billion for acquisition of 70% stake in SABIC: Report
A second source said banks involved in the talks included HSBC and JP Morgan as well as lenders in the Gulf.
04/16/2020
Saudi Arabia starts selling three-part bonds
Riyadh increased its debt ceiling to 50% of GDP from a previous 30% in March
04/14/2020
How COVID-19 is Affecting the World’s Sovereign Wealth Funds
The GPFG reported a loss of 14.6% in the first quarter of 2020.
04/14/2020
Gulf sovereigns likely to tap bond market amidst global recession
Now, that number has been turned on its head; we now project that over 170 countries will experience negative per capita income growth this year.”
04/14/2020
MENA Q1 startup investments at $277mln; March sees huge drop over coronavirus
First quarter witnesses 108 investment deals with startup funding rising two percent year-on-year.
04/14/2020
Foreign, Gulf funds’ outlook extends bearish run on QSE
Trade turnover grew amidst lower volumes in the market, where industrials and realty sectors together accounted for more than 67% of the total trading volume.
04/14/2020
Oman Insurance fast-tracks $27.2mln payments to medical providers
Hospitals and medical providers across the UAE have welcomed this step by Oman Insurance
04/14/2020
Property prices in UAE continues to drop
Dubai house prices fell by 4.05% y-o-y in 2019
04/13/2020
Dubai property market sees 5,000 new homes delivered in Q1-20
Slower pace will ensure there will not be a flood of new homes delivered without buyers
04/13/2020
HPE Financial Services Offers $2 billion to Help Customers and Partners Weather COVID-19 in the UAE and across the Globe
“By dedicating $2 billion in financing and leveraging its broad portfolio of flexible payment solutions, HPEFS will help business leaders navigate through the impact of COVID-19 on their markets.”
04/12/2020
Turkey said to seek FX swaps with G20 members including US
Since the Trump call, Turkish authorities have been talking to other G20 central banks to be included in arrangements that allow monetary authorities to exchange currencies, the people said.
04/09/2020
Dubai's Delta Partners on the verge of joining FTI Consulting
As well as concentrating on the TMT sector, Delta is also a functional specialist, with a focus on strategy and management consulting and corporate finance & investment banking.
04/08/2020
Kuwait's wealth fund on standby as oil price, virus hit finances
Kuwait has agreed a stimulus package to protect jobs and stabilise food prices during the pandemic but the Gulf nation is being badly hit by the oil price war between Saudi Arabia and Russia
04/08/2020
Special Report on The COVID-19 Epidemic Forecasts (Issue 2)
The cumulative number of confirmed cases will exceed 2 million around Apr. 15.
04/08/2020
Oman Insurance members staying home get access to doctors using TruDoc 24x7
In partnership with TruDoc 24x7, the access will be available to many of its customers for 30 days starting April 6th, 2020
04/08/2020
National Bonds’ Assets under Management Valued up to AED 7.8 billion in 2019
All of these positive results are a testament to the fact that National Bonds’ strategy is working, and that its competitive rates have proven to be an attractive proposition for the local populace.