Turkey to add $3bn to state banks’ capital over virus
Turkey’s sovereign wealth fund will inject 21bn liras ($3bn) into three state lenders to strengthen their capital positions and minimise…
Coronavirus
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COVID-19 relief: Dubai family-owned businesses want 50 per cent cuts on utility bills, VAT reduction
Business leaders of some of the biggest Dubai-based companies have requested customs duties should be cut by 50 per cent…
Dubai businesses ask for more state help to survive coronavirus
Dubai’s private sector has proposed government interventions including state subsidised loans, assistance in covering salaries and lower taxes, to help…
Pandemic shock leads to ‘overhaul’ of Saudi finances
The full scale of the economic shock from the coronavirus pandemic has been revealed in radical measures taken by Saudi…
IMF approves $2.77 bn in emergency pandemic aid for Egypt
The International Monetary Fund on Monday said its executive board approved $2.77 billion in emergency financing to help Egypt grapple…
COVID-19: Saudi governorate put under total lockdown
Saudi authorities announced Tuesday imposing a 24-hour curfew in the governorate of Beesh in the south-western region of Jizan until…
Virus crisis highlights potential role of Islamic finance in reaching sustainable development goals
Amid an ongoing severe global healthcare crisis caused by the relentless spread of Covid-19 across the world, some research institutions…
A guide to relief and stimulus measures for businesses in Dubai amid COVID-19 crisis
Given the economic slowdown caused by the COVID-19 pandemic, businesses in Dubai have been subjected to a variety of relief…
GCC arbitration centre gets $5.5m claims in Q1
The GCC Commercial Arbitration Centre has received arbitration claims worth $5.5 million during the first three months despite the current…
Coronavirus crisis changing public attitudes in the Middle East, polls suggest
Public opinion surveys conducted in Saudi Arabia and the UAE are revealing a mix of sharp changes in attitudes and…
Free self-care tips that can help you manage stress during the coronavirus pandemic
May is Mental Health Awareness Month and experts say living through the pandemic makes self-care especially important. Yes, whether you…
GCC banks face 'earnings shock' from lower oil price, Covid-19
GCC banks will see significantly reduced revenue and credit growth in 2020 as they face an earnings shock from the…