Middle East expected to see more investment from China and east Asia, Savills says
The Middle East is expected to receive further investment from China and countries in east Asia, largely driven by funding…
Comment & Analysis
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Edita subsidiary obtains $8.2mln from Arab Bank
Edita Food Industries (Edita) has announced that its Moroccan subsidiary obtained a seven-year MAD 80m loan (EGP 133.2m) from Arab…
Dubai World Fulfils Obligations to Creditors Totalling USD 18.9 Billion
Dubai World has announced the repayment of the final tranche of debt to its original creditors, completing the refinancing program…
Dubai GDP records 3.5% decline in first three months
Dubai’s GDP (gross domestic product) recorded a 3.5 per cent dip in the first three months of the year, just…
Gulf economies to shrink by 7.6% this year, says IMF
Gulf Cooperation Council (GCC) countries will see their economies shrink by 7.6 percent this year, an International Monetary Fund (IMF)…
Egypt's Mansour Group tops list of Arab family businesses. Which are the rest?
Forbes Middle East has posted its ranked list of the most powerful Arab family businesses in 2020. The list…
Lebanese banks raise USD withdrawal rate to 3,850 pounds/dollar
Lebanese banks raised the exchange rate to 3,850 pounds per dollar for withdrawals from U.S. dollar accounts, bankers said on…
Qatar banking sector challenges to be cushioned by system’s resilience and strength: KPMG
The financial year 2019-2020 has been a “challenging” one for banks operating in Qatar, KPMG said and noted the “overall…
Qatar participates in 20th meeting of GCC Committee of Capital Markets Authorities
The State of Qatar participated in the 20th meeting of the GCC Committee of Heads of Capital Markets Authorities originating…
Saudi net foreign assets rise for first time since January
Saudi Arabia’s net foreign assets rose in May, reversing three months of declines. The stockpile climbed by about SAR3bn…
COVID-19: UAE banking sector could see more job cuts this year
Banks in the UAE could see more job cuts as the pandemic-related economic slowdown, the postponement of Expo 2020 and…
Here is why the UAE will become the number one global fintech hub
Financial technology, better known as fintech, has been a burgeoning sector for a few years now. It is the…