Dubai prime house market records $8.03bln deals in 2020
Dubai’s prime residential market recorded Dh29.54 billion worth of transactions in 2020 notwithstanding the challenges posed by the pandemic. …
Coronavirus
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Bahrain-GCC trade hit $5.7bln in 2020 despite COVID-19 restrictions
Bahrain-GCC trade reached $5.7 billion in 2020, accounting for 25 per cent of Bahrain’s global bilateral trade for the year…
COVID has worsened inequality even as the rich thrive: Oxfam
The 1,000 richest people on the planet recouped their COVID-19 losses within just nine months, but it could take more…
Why global restructuring firms are embarking on Gulf hiring spree
The world’s biggest restructuring firms are boosting their presence in the Gulf region, anticipating a spate of turnaround work as…
The ultra rich are lining up to pay $55,000 to fly in a private jet to the UAE or India and get the Covid vaccine way before all of us
If 2020 was the year of the coronavirus pandemic, 2021 is the year of the coronavirus vaccine. The super-rich…
EBRD provides US$ 58 million loan to Turk Ekonomi Bankasi
EBRD US$ 58 million loan to TEB for on-lending to local businesses Loan follows €1.7 billion of EBRD investment in…
Cryptocurrency, Blockchain and Digital Transformation in the Middle East and Africa
Much of the Middle East and Africa region has various levels of embracing cryptocurrency and blockchain as is the rest…
Improved GCC equity outlook amid Covid-19 vaccines rollout: NBK
GCC equity markets will likely continue to be influenced by their global peers, geopolitical factors, oil market stability, implementation of…
KPMG in Bahrain and the region continue its' growth despite the COVID pandemic
The aggregated revenue of KPMG member firms in the Middle East & South Asia (“MESA”) region grew by 3.7% in…
Saudi Arabia generates $382.9m in investment banking fees
Saudi Arabia, along with the UAE, generated two-thirds of the investment banking fees in the Middle East and North Africa…
Bahrain’s GDP shrinks 6.9% due to pandemic
The coronavirus pandemic has significantly decreased the contribution of various economic sectors to the GDP of Bahrain last year, shows…
EBRD reports record 2020 investment in response to Covid-19
The European Bank for Reconstruction and Development responded to the coronavirus pandemic with record investment of €11 billion in 2020…