Dubai leads GCC stock market decline in early trade
The UAE and other GCC stock markets fell on Thursday morning, in line with decline in other global markets. …
Hedge Funds & Alternative Investments
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GCC outlook: Should we worry about inflation after COVID-19 bailouts?
It's a rough ride for the Gulf states. The pandemic is cratering businesses and people are losing their jobs, creating…
EMEA emerging market banks face rising risks amid lockdown, oil shock – Fitch
European, Middle East & African emerging market banks face rising risks due to weaker economic activity triggered by coronavirus and…
Fitch Revises Arab Banking Corporation's Outlook to Negative; Affirms IDRs
Fitch Ratings has revised Arab Banking Corporation B.S.C.'s Outlook to Negative from Stable, while affirming the bank's Long-Term Issuer Default…
Turkey crunch would pack only weak punch for emerging markets
Turkey could be heading for another financial crunch but its diminished importance for investors in developing economies and changes in…
Dubai registered record property sales in Q1 2020
Dubai’s real estate sector witnessed the best first quarter in 2020 in the past six years until COVID-19 challenges began…
Saudi Arabia ‘Vision 2030’ plan cut by $8bn – report
Saudi Arabian austerity measures included cutting SAR30bn ($8bn) from programmes and mega-projects under the kingdom’s plan to end its reliance…
Turkey to add $3bn to state banks’ capital over virus
Turkey’s sovereign wealth fund will inject 21bn liras ($3bn) into three state lenders to strengthen their capital positions and minimise…
Lebanon to start IMF negotiations in next two days, says minister
Lebanon will start negotiations with the International Monetary Fund (IMF) in the next two days, Finance Minister Ghazi Wazni said…
Dubai watchdog fines two firms and three directors
The Dubai Financial Services Authority has given penalties to two investment firms and three individuals for failing to comply with…
Société Générale joins EBRD in financing Izmir metro
Turkey’s third-largest city raises funds for key infrastructure despite coronavirus pandemic Société Générale’s €25 million loan comes under EBRD’s A/B…
UAE banks disclose Dh412 million exposure to Phoenix and associate firms
First Abu Dhabi Bank, on Wednesday disclosed to the Abu Dhabi Stock Exchange (ADX) that it has about Dh269 million…