IMF urges Lebanon to enact crisis plan that rebuilds confidence
Lebanon’s government needs to enact a rescue plan that rebuilds confidence in the economy and tackles root causes behind the…
Hedge Funds & Alternative Investments
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Blue Prism appoints new head of Middle East & Africa business
Blue Prism has announced the expansion of its investments in the Middle East and Africa Region with the appointment of…
UDC posts QR57mn net profit in Q1
United Development Company, the master developer of The Pearl-Qatar and Gewan Island, has reported a net profit of QR57mn on…
Coronavirus: Abu Dhabi to re-open bus services Saturday
Abu Dhabi will re-open bus services by 6am on Saturday, the Department of Municipalities and Transport said on Wednesday. …
Saudi Arabia and Qatar’s proxy war spills into Premier League
The proxy war between Saudi Arabia and Qatar has spilled over into England’s Premier League, with a Qatari broadcast company…
German companies optimistic about investment in Saudi Arabia
The year 2020 will always be associated with the coronavirus. The effect on the worldwide economy is currently difficult to…
GCC banks’ strong earning capacity to help them navigate current downturn
The strong earning capacity of banks in the Gulf will help them navigate the current downturn, S&P Global Ratings said…
Bahrain follows Saudi Arabia, Oman with budget cuts amid crisis
Bahrain became the latest nation in the oil-rich Gulf to announce drastic spending cuts, an effort to stretch the budget…
Kuwait sees 9% higher foreign reserve in February
The total value of Kuwait's foreign reserves rose by 8.57% year-on-year (YoY) to KWD 12.42 billion ($39.96 billion) in February…
GCC corporate earnings to take a hit from coronavirus outbreak
GCC corporate earnings will be negatively impacted in the first half of the year as businesses and the economy have…
Newcastle owner Mike Ashley to bank £17m even if Saudi-funded takeover collapses
Newcastle United owner Mike Ashley could earn up to a staggering £17m even if the proposed sale to a Saudi…
UAE telco Du reports 4.8% drop in year-on-year revenues for Q1
Emirates Integrated Telecommunications Company (EITC), Du, has announced a 4.8 percent drop in revenues to AED2.99 billion for the first…