Lebanon banks reject rescue plan as govt asks IMF for help
An economic rescue plan that will form the basis of Lebanon’s talks with the International Monetary Fund (IMF) was panned…
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UAE sees 78% surge in contactless payments: report
Contactless payments such as mobile wallet transactions have risen in hypermarkets across the region by 78 percent in Q1 2020…
GCC bank credit profiles to weaken despite massive economic stimulus
The credit profiles of GCC banks are set to weaken due to the coronavirus pandemic and lower oil prices despite…
Dubai Gold and Commodities Exchange records 'extraordinarily busy' April
The Dubai Gold and Commodities Exchange (DGCX) witnessed a 653.45 percent year-on-year growth in trading of its G6 currency portfolio…
Higher Shariah Authority at Central Bank issues guidelines for COVID-19 relief
The Higher Shariah Authority for financial and banking activities recently met and reviewed COVID-19 pandemic’s effects on the economy and…
EFG Hermes maintains buy rating for Emaar Malls on long-term business prospects and solid business model
EFG Hermes maintained its buy rating for Emaar Malls Group based on the long-term prospects of Dubai’s global positioning as…
GCC's road to recovery amidst the Covid-19 pandemic
Oil prices have declined massively since March, as Russia and Saudi Arabia could not reach an agreement at that time…
Israel Enlists Money Managers to Help Fund Struggling Startups
Israel’s largest institutional investors manage a hoard of more than 1.9 trillion shekels ($543.4 billion) that has long drawn interest…
Digital technologies to play key role in fighting COVID-19: Al Mansoori
Digital technologies play a major role in accelerating the global response to the spread of the coronavirus disease (COVID-19) pandemic,…
Dubai-based insurance aggregator Yallacompare raises $4.25 million in new funding
Dubai-based financial comparison platform and insurance aggregator Yallacompare has $4.25 million in fresh funding from Kuwaiti insurance company Gulf Insurance…
Saudi Arabia wealth fund builds team to hunt for global bargains
Saudi Arabia’s $320bn sovereign wealth fund has reassigned some staff to finding quick trading wins in global markets battered by…
Saudi fiscal adjustment preferable to a devaluation
A currency devaluation would be too costly for Saudi Arabia and the better option is to adapt to the oil…