IMF bailout may be half what Lebanon sought when the talks began
Lebanon may only count on the International Monetary Fund for as little as half the bailout it had originally sought…
Comment & Analysis
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UDC posts net profit of QR101m in H1 2020
Doha: United Development Company has announced its financial results for the first half of 2020, reporting net profit of QR101m…
Aamal reports gross H1 profit of QR154.8m
Aamal Company announced yesterday its half-yearly financial results for the current year reporting a gross profit of QR154.8m, down 31.6…
Turkey to Increase Censorship on Social Media Content
Turkey’s parliament passed a law regulating social media on Wednesday, that critics said will increase censorship and help authorities silence…
Morocco patient forced to go to bank by ambulance to pay for surgery
A Moroccan patient was forced to go to the bank by ambulance in order to pay her surgery expenses. …
Bahrain to allow private employers to hire foreigners after four-month suspension
After a four-month suspension due to COVID-19 restrictions, Bahrain will allow private companies to resume hiring foreign workers, the state…
Kuwait can become an important destination for foreign investments – UN
Kuwait can become an important destination that attracts foreign investments in the region, Dr. Tarek Al-Sheikh, UN Secretary General's Representative…
Turkey under pressure as inflation forecasts rise
Turkey’s central bank, under pressure from rising prices and a volatile drop in the lira, ratcheted up inflation forecasts on…
NBB H1 profit down 27.3% on Covid-19 impact
National Bank of Bahrain has reported a 27.3% decrease in its net profit attributable to equity shareholders to BD29.1 million…
Gulf banks are weathering the pandemic storm — for now
A shiver went through the UAE’s financial community last week when Emirates NDB, the champion of the Dubai banking business…
Qatari Commercial Bank Says The Worst Oil Shock Is Over
The worst of the shock to oil markets and economies stemming from the COVID-19 pandemic is already behind us, the…
First Abu Dhabi Bank joins Middle East lenders in raising provisions
Abu Dhabi’s biggest lender joined its regional Gulf competitors in setting aside higher provisions to cover a spike in bad…