Saudi Arabia Posts $38.1B Budget Deficit In H1 2020
TOPLINE Saudi Arabia posted a deficit of $38.1 billion in the first half of 2020 as low oil prices…
Comment & Analysis
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Take a look inside this $33 million Dubai mansion that has two cinemas, infinity pools and is sold with a Ferrari and Rolls Royce
Barbie had her dream house with an overdose of pink which made it easy for us adults to label it…
Where Is All That Gold Being Stored?
We’re in the midst of a modern-day gold rush. The precious metal has reached record high prices in recent…
What Dh1m can buy you on the UAE's property market
If you're looking to invest in the UAE's property market, then what can Dh1 million buy you in the current…
M&A benefits the Saudi banking sector
Last year two local banks (SABB and Alawwal bank) legally completed their historic merger. It was a transformational event for…
Global sukuk issuances up 18% to reach $145.70bn in 2019
Global sukuk issuances rose 18 per cent to reach $145.70 billion (Dh535bn) in 2019 as the governments and private companies…
MENA fund managers to increase Saudi investments with eye to recovery: Reuters poll
Middle Eastern fund managers plan to increase investments in Saudi Arabia in the current quarter, according to a Reuters poll,…
First Abu Dhabi Bank raises impairments to Dh1.06b
Abu Dhabi’s biggest lender joined its regional Gulf competitors in setting aside higher provisions to cover a spike in bad…
COVID-19 disruptions hit DP World's first-half 2020 container volumes
Disruptions caused by the COVID-19 pandemic resulted in DP World handling 5.3 per cent lower container volumes in the first…
Alliance Global supports the MenaLabs in Dubai in the fight against COVID-19
Alliance Global has successfully installed and commissioned a PCR samples automation system at MenaLabs in Dubai. The system will greatly…
Sharjah developer Arada bucks UAE property downturn with 10% rise in H1 sales
UAE developer Arada has announced a 10% increase in sales during the first half of 2020, a set of results…
Gold may correct to $1,700 near-term, but bounce back to $2,500
Gold prices, which touched an all-time high of $1,944.66 an ounce on Monday afternoon, will see a correction in the…