04/07/2020
Kuwait’s Wealth Fund on Standby as Oil Price, Virus Hit Finances
That leaves the government facing a budget shortfall that needs to be financed.
Alternative Investments
04/07/2020
UAE-based agtech Pure Harvest secures $100 million commitment from Kuwait’s Wafra, raises $20.6 million Series A
In their own words, Pure Harvest designs, builds and operates high-tech, climate-controlled greenhouse systems that convert the region’s abundant natural sunlight into premium quality, pesticide-free fresh fruits & vegetables.
04/06/2020
Are there any safe havens in this global market crash?
Bonds, gold and cash are the traditional stores of value, but even their performance has been erratic amid Covid-19
04/06/2020
QDB launches National Guarantee Program to support private sector
QDB will manage and issue the guide for this program, while banks operating in the country will grant financing with a guarantee from QDB.
04/06/2020
Kuwait to borrow $6.6bln for oil projects
Loan was approved by cabinet
04/03/2020
Aramco unit gives $2m to help fight virus
Aramco Trading Company donated to a health fund set up by the Saudi Ministry of Health
04/03/2020
UAE citizens invest to AED1.65 billion in Abu Dhabi, Dubai stock exchanges
Total transactions in both bourses stood at AED22.36 billion in March, AED12.732 billion of which were conducted at Dubai Financial Market and AED9.63 billion in Abu Dhabi Securities Exchange.
04/03/2020
Invest Bank reports 61% lower losses in 2019
The decrease in net losses is attributed to a decline in operating expenses
04/02/2020
Coronavirus, low oil prices threaten GCC insurers’ earnings- S&P
S&P notes that it is still too early to assess the full financial impact on the insurance sector in the GCC
04/02/2020
Bahrain pays back $1.25bln in bonds - statement
Bahrain has paid back $1.25bln in bonds that matured on March 31
04/02/2020
UAE Exchange customers keep waiting for their money
Some are still waiting for their remittances to be credited despite weeks going by
04/02/2020
Al Ramz Capital expands market-making activities on Nasdaq Dubai
The company seeks to support liquidity trading on the futures contracts
04/01/2020
Adnoc Distribution raises dividend to Dh2.57b
Blue-chip Abu Dhabi company had net profits of Dh2.2 for 2019
04/01/2020
VUMI makes Middle East push with Dubai office
The plan's five variations: allow Insureds to choose from a wide range of coverage levels, deductibles, per visit excess and co-insurance options.
04/01/2020
Survival of the fittest: Good governance and transparency in the workplace
Life in the times of COVID-19 is redefining and pushing the landscape of challenges that businesses face to entirely new levels.
03/31/2020
Ezdan Holding posts QR309.2mn net profit in 2019
Ezdan has also declared that the Investor Relations’ conference will be held via a conference call to review the financial results of the company in 2019.
03/31/2020
Victims reveal huge losses after falling for Dubai property scam
People promised short-term lets at knock-down prices have lost thousands of dirhams on fake Airbnb websites
03/30/2020
Why the stock market crash could be the buying opportunity of a lifetime
While some UAE residents are cashing in on lower equity prices, those new to investing should tread more carefully
03/30/2020
‘Now is the wrong time to be selling,’ says JP Morgan Middle East MD Steven Rees
Technology, health care and high dividend payers like utilities as offering appreciable investment upside.
03/27/2020
UAE govt grants businesses 20% reduction in water, electricity bills as part of coronavirus aid package
Many businesses have been told to close during the coronavirus crisis