Business, but not as usual: a new era of more corporate responsibility?
The last few weeks have seen extensive turmoil as the ongoing Covid-19 outbreak sweeps across the world. While much of…
Hedge Funds & Alternative Investments
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Qatar Central Bank lowers interest rates
Qatar Central Bank announced yesterday that it reduced its deposit rate by 50 bps to 1.00 percent, lending rate by…
Coronavirus: bars, clubs and lounges to close in Dubai – restaurants to remain open
The Government of Dubai and Dubai Tourism has announced that all bars, pubs and lounges in the emirate will be…
Kamco records 18.57% profit increase in 2019; dividends proposed
Kamco Invest achieved a net profit of KWD 3.03 million in the fiscal year 2019, compared to KWD 2.5 million…
Emaar suspends entertainment at all its attractions across Dubai
Emaar Entertainment which operates major tourist attractions across Dubai, has announced the temporary closure of all of them until the…
Abu Dhabi details measures to shore up economy amid global coronavirus impact
Abu Dhabi detailed a plan to stimulate economic growth through strategic investments and 16 initiatives to support the private sector,…
Gulf Bond and Sukuk Association announces key appointments
The Gulf Bond and Sukuk Association has announced that it has made appointments to key officer positions for 2020. …
Oil giant Saudi Aramco sees 2019 profits drop 20% to $88.2B
Oil giant Saudi Aramco said Sunday its profits dropped 20% in 2019 to $88.2 billion, a sharp decline coming as…
UAE, Saudis reveal $40.6 bil stimulus to support economies hit by coronavirus, oil crash
The UAE and Saudi Arabia revealed $40.6 billion of stimulus packages aimed at supporting their economies hit hard by the…
Coronavirus, oil price collapse to hurt GCC banks’ profitability
A prolonged period of oil price volatility and the impact of coronavirus (Covid-19) on the regional economies will impact the…
UAE Central bank’s Dh100b support to lift liquidity and lending of banks
The UAE Central Bank’s decision to support the UAE banking system through an extraordinary Dh100 billion stimulus package is expected…
Mideast Joins Global Stimulus With $47 Billion to Fight Crisis
Three of the biggest Arab economies pledged almost $47 billion in stimulus to limit the economic damage of the coronavirus…