Kuwait's foreign reserves top $39.12bln in January
Kuwait’s foreign reserves registered an annual rise by 7.6% or KWD 865 million ($2.84 billion) last January, according to recent…
Comment & Analysis
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Kuwait to suspend all flights from Friday over virus
Kuwait will halt all commercial flights to and from the country starting Friday and until further notice, with the exception…
Empowering women pays off, says founder of Dubai-based Millennial Capital
Millennial Capital is a venture capital firm proud to be different, offering its clients an innovative co-investment model. even better,…
Coronavirus: How deep will the new recession be?
The coronavirus outbreak and its economic impact threatens to plunge the global economy into recession if the uncertainty continues beyond…
Prince Alwaleed’s fortune loses a few billions here and there
The networth of Saudi Arabia’s once high-flying billionaire, Prince Alwaleed bin Talal, has plunged $22.3 billion from its peak six…
EY: Five MENA IPOs raise US$30.0b in Q4 2019
According to the EY MENA IPO Eye Report, IPO deal value in the MENA region witnessed a sizeable increase during…
Sovereigns under threat by COVID-19 and oil price shock – Fitch
Sovereign credit fundamentals and ratings already under pressure from the coronavirus outbreak may be further hit by the oil price…
Saudi index, Aramco rebound after oil rout nosedive
Saudi Arabia's main index and oil giant Aramco were both up more than 5% in early trade on Tuesday, rebounding…
Emirates NBD holds its 13th General Assembly Meeting
Emirates NBD held its 13th General Assembly Meeting at the Bank’s Headquarters. At the General Assembly Meeting, a review…
Lebanon’s private creditors face significant losses, Moody’s warns
Moody’s Investors Service warned on Tuesday that private creditors faced significant losses as a result of the government’s decision to…
Lebanon debt default to result in big losses for banks
Lebanon’s decision to defer payment is likely to result in significant losses for private creditors, credit rating agency Moody’s said…
Record number of new firms join DIFC
The total of registered firms in the Dubai International Financial Centre (DIFC) reached 2,437 by the end of 2019 after…