Credit profile of GCC banks to weaken over COVID-19, lower oil prices
Standalone credit profiles of GCC banks are set to weaken following the coronavirus pandemic and the drop-in oil prices, Fitch…
Hedge Funds & Alternative Investments
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Saudi Arabia gets a new oil customer in Belarus
Belarus, which has long relied on Russian oil, has purchased its first crude from Saudi Arabia, according to state refiner…
Fall in demand for oil and pandemic squeeze Saudi finances in first-quarter
The COVID-19 crisis and the resulting fall in demand for oil hit Saudi Arabia’s finances in the first quarter of…
QSE gains more than 100 points on buy interests of domestic, Gulf institutions
The increased buying interests of domestic and Gulf institutions on Wednesday lifted the Qatar Stock Exchange more than 100 points…
Gold prices going to "pop" to $2,700, easily – Frank Holmes
Despite a weakened economy, stocks continue to rise on the back of monetary stimulus, which is bound to push gold…
UAE Needs To Make “Major” Reforms To Tackle Money Laundering, Says Global Watchdog
The world’s main anti-money laundering watchdog, the Financial Action Task Force, has said the United Arab Emirates needs to make…
Dubai to Avoid Glare of Public Markets and Raise Bonds Privately
Dubai is in talks to raise billions of dollars of debt privately instead of following Gulf neighbors by tapping public…
ADGM aims to use AI to automate licence application
Abu Dhabi Global Market has partnered with RegTech startup Nexus FrontierTech in its move to use artificial intelligence to automate…
Global reinsurance capital growth seen to decline after 15% gain in 2019
The global reinsurance industry’s capital growth is expected to decline this year as stocks and bonds are hit by the…
Qatar Petroleum places big LNG carrier order with Chinese shipyards
QATAR Petroleum has signed an agreement to reserve LNG ship construction capacity at Chinese yards, in order to ensure that…
Saudi Arabia’s first-quarter budget slips into deficit at $9.1 billion as oil revenue slides
Saudi Arabia on Wednesday reported a first quarter budget deficit of $9.09 billion, as oil revenue was hit hard by…
Dubai at Risk as Coronavirus Poses Shock to U.A.E. Economy, Says Moody’s
Dubai’s reliance on real estate, transportation and tourism makes the Middle East business hub the most exposed to the impact…