Capital Intelligence affirms QIIB rating at ‘A’ with stable outlook
Capital Intelligence Ratings has affirmed its ratings of QIIB at ‘A’ with a stable outlook, which “reflects the strength” of…
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Dubai at Risk as Coronavirus Poses Shock to U.A.E. Economy, Says Moody’s
Dubai’s reliance on real estate, transportation and tourism makes the Middle East business hub the most exposed to the impact…
Mashreq launches initiative to bring in #PositiveChange this Ramadan
Mashreq has announced its commitment to bring in #PositiveChange this Ramadan by encouraging a message of solidarity and positive action…
Blockchain could be a solution to supply chain problems
The World Economic Forum rolled out a guide for adding blockchain technology into supply chains after the pandemic revealed critical…
ING appoints Walker as Head of Compliance, UK & Middle East
Amsterdam-based ING announced the appointment of Lisa Walker as its Head of Compliance, UK & Middle East, where she will…
$1,850 potential upside target: Gold price technical analysis
Gold has been appearing increasingly bullish since last week, after bulls rallied the yellow-metal back towards the $1,930 technical area.…
Saudi-based APICORP hires Citi, Goldman, StanChart for dollar bonds -sources
The Arab Petroleum Investments Corporation (APICORP), a Saudi-headquartered multilateral development bank, has hired banks to arrange investor meetings ahead of…
Review of the Week: Too much oil
Oil prices went negative for the first time ever last week, yet stock markets took it in their stride. …
HSBC to block donations to Palestinian aid charity Interpal
British bank HSBC has told customers in the UK that it will stop processing standing order payments to the Palestinian…
Egypt seeks aid from IMF amid virus downturn
Egypt is seeking an aid package from the International Monetary Fund to offset the economic impact of the coronavirus pandemic,…
Al Salam Bank-Bahrain successfully exits USD 182.5 million US Multifamily Portfolio
Al Salam Bank-Bahrain has announced the successful sale of a portfolio of 7 multifamily assets in the US for a…
Saudi Aramco hybrid engine to cut car pollutants
A new hybrid electric-petrol engine reducing harmful greenhouse gasses by 50 percent could be developed from a study by scientists…