ABK Egypt's profit grows 22% in Q1-20
Al Ahli Bank of Kuwait - Egypt (ABK-Egypt) reported a 22% year-on-year (YoY) growth in its net profits to EGP…
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This Challenged World by Gary Dugan
Unprecedented rise in government deficits and indebtedness globally New Zealand announces a budget worth a staggering 17% of GDP Global…
Sovereign debt risk after the virus
The global health crisis triggered by the coronavirus pandemic has firmly put the spotlight on how well countries will be…
Egyptian pound forecast to drop by single digit percentage
As Egypt seeks foreign funds to mitigate the impact of the global pandemic on its balance of payments, economists expect…
Majority of startups in MENA see negative impact from COVID-19
The coronavirus pandemic has had a negative impact on the startup ecosystem across the Middle East and North Africa, a…
Turkey’s public banks increase profit by 111% in Q1
Turkey’s public banks, which have kept their credit channels open in a bid to ease the economic burden the coronavirus…
Impoverished Jordan holds $3bn of foreign aid in offshore accounts
Jordan has come first in a list of countries that appear to have siphoned huge amounts of foreign aid into…
QSE seen built on a strong base of profitable companies
Qatar’s Covid-19 relief package for the private sector will give visibility for the local businesses in the short term and…
Islamic trade finance body spent $5bn for development last yearMay
The International Islamic Trade Finance Corporation, an institution created in 2008 as a member of the Islamic Development Bank Group…
UAE Securities And Commodities Authority Discusses With The Capital Markets Advisory Committee Initiatives To Regulate The OTC Market And Its Precautionary Measures To Contain The Consequences Of COVID-19
As part of the efforts of the UAE government to counter the consequences caused by the coronavirus outbreak and support…
Investment power shifting east to Gulf and Asia
The Covid-19 crisis has sent asset prices plunging, and cash-strapped companies are desperate for any capital injection – which makes…
WeWork and Virtuzone announce UAE partnership
WeWork have exclusively partnered to bring companies and aspiring entrepreneurs the best in flexible workspaces and company licensing. Over…