Saudi Arabia to cut 5% of 2020 budget to fight effects of coronavirus pandemic
Saudi Arabia is to cut SAR50 billion ($13.32 billion) from this year’s budget in light of the negative impact of…
Hedge Funds & Alternative Investments
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After Lebanon, where next? Emerging markets look for weak links
In the aftermath of Lebanon's sovereign debt default and with the global economy reeling from its biggest shock in more…
UAE banks' assets hit $842.6bln in February
The Central Bank of the UAE has revealed the country's banking indicator figures for February 2020, noting gross banks' assets…
DriveWealth signs UAE-based WealthFace
DriveWealth has announced a new partnership with Wealthface. The agreement marks DriveWealth's first initiative in the Middle East and…
UAE's SHUAA forecasts $13.6mln annual synergies from ADFG merger by Q2 2021
UAE-based financial services group, SHUAA Capital, expects to realize 50 million dirhams ($13.6 million) in annual synergies by Q2 2021…
Aion Digital, Qarar team up to boost digital banking in Middle East
Fintech firms Aion Digital and Qarar have joined forces to accelerate the growth of digital lending growth across the Middle…
NMC Health reassures staff on salary payments
UAE’s largest hospital operator, NMC Health, is close to securing a deal with its creditor banks for the release of…
Govt's financial package announcement lifts QSE above 8,400 levels
The government's proposed financial package on Monday substantially lifted sentiments on the Qatar Stock Exchange, whose key index rose above…
Dubai Holding and Meraas announce $270mln coronavirus relief package
DubaiHolding and Meraas Dubai has launched a 1 billion dirhams ($270 million) economic relief package aimed at supporting existing business…
Oman Insurance considers bid for AXA's Middle East operations
Oman Insurance Company is mulling a bid for the Middle Eastern operations of French insurer AXA, Bloomberg has reported. …
UAE Central Bank issues 'Dormant Account Regulation'
The Central Bank of the UAE has issued the “Dormant Accounts Regulation”, which intends at establishing a framework for the…
Six-Month Deferral On Instalments
Bahrain’s top bank yesterday deployed further regulatory measures and relaxations to cushion the pain inflicted by the coronavirus (COVID-19) on…