Economic downturn may see outflow of expats from GCC
Experts expect an outflow of expatriate workers from Gulf states as a result of the economic shock delivered by the…
Hedge Funds & Alternative Investments
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IMF warns ‘vulnerabilities high’ in the Middle East hit with dual shock of coronavirus and oil plunge
The International Monetary Fund forecasts a dramatic contraction for Middle Eastern and North African economies this year, predicting a worse…
Reputation of financial advisers in the UAE deteriorates: MEIP report
The tenth edition of Middle East Investment Panorama (MEIP) was released today. The report includes findings from two separate surveys,…
Egypt postpones Banque du Caire stake sale due to coronavirus: chairman
Egypt has postponed its plans to sell a minority stake in state-owned Banque du Caire in an initial public offering …
Gulf sovereigns likely to tap bond market amidst global recession
The virtual 2020 Spring meetings of the IMF and the World Bank Group is happening this week. On account…
MENA Q1 startup investments at $277mln; March sees huge drop over coronavirus
A strong start in 2020 led to startup investments worth $277 million in the Middle East and North Africa during…
EFG Hermes partners with PayTabs over cashless payment in Egypt
Egyptian Financial Group Hermes Holding Company EFG Hermes has teamed up with PayTabs to launch PayTabs Egypt, according to an…
Foreign, Gulf funds’ outlook extends bearish run on QSE
Foreign and Gulf funds’ bearish outlook yesterday extended the bearish run on the Qatar Stock Exchange for the third straight…
Oman Insurance fast-tracks $27.2mln payments to medical providers
Oman Insurance Company has announced that it will fast-track claims payments amid mounting financial strain on hospitals across the region.…
GFH Annouces the Appointment of Ali Murad and Ahmed Alahmadi to Its Board of Directors
GFH Financial Group has announced the appointment of two new Directors to it Board - Mr. Ali Murad and Mr.…
UAE ranks world's third largest gold purchaser
The UAE increased its gold reserves this year, becoming the world's third largest buyer of the yellow metal in the…
Property prices in UAE continues to drop
In Dubai, residential property prices fell by 4.05% during 2019, following y-o-y declines of 8.22% in 2018, 5.23% in 2017,…