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…
Hedge Funds & Alternative Investments
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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…
Too much oil, nowhere to put it: US crude plunges to 1 cent a barrel
American crude faced wipeout on Monday as US traders confronted the reality of a world awash with oil and nowhere…
Salman Faqeeh, managing director of Cisco Saudi Arabia
Salman Faqeeh has been the managing director of Cisco Saudi Arabia since October 2018. Cisco has been identified as…
Development bank APICORP increases callable capital to $8.5bln
The general assembly of Arab Petroleum Investments Corporation’s has ratified an increase in callable capital to $8.5 billion, from $1…
Booz Allen Hamilton expands MENA leadership team
Booz Allen Hamilton, a leading consulting firm, has announced senior leadership team expansion to deliver high-impact solutions for clients in…
Nasser Social Bank launches 15.5% savings certificate for medical staff
Nasser Social Bank approved the issuance of a new savings certificate for doctors and nurses. A one-year certificate with…
Qatar temporarily allows e-voting during AGMs of listed companies
Qatar has temporarily allowed public and private joint stock companies to allow remote e-voting during the general assembly meetings as…
US Data Residency Platform, InCountry, selects Hub71 for Middle East Headquarters
Abu Dhabi’s Hub71 has been selected by the top US data residency hosting platform, InCountry, to be the home of…
UAE, GCC equity markets plunge over US oil price fall
The UAE and other Gulf equity markets plummeted on Tuesday after an unprecedented fall in the US oil price the…
Middle Easterners Apply for Citizenship by Investment From Dominica
Citizenship by Investment from the Commonwealth of Dominica remains in demand in the Middle East. Earlier this month, Ambassador…