Turkey wealth fund to get takeover powers in battle against coronavirus
Turkey’s sovereign wealth fund will be given special powers to buy stakes in companies under steps proposed by the government.…
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Looking Beyond COVID-19: How Companies Can Prepare for the Post-Pandemic Economy
As COVID-19 continues to sweep across the world, it is has undoubtedly taken the global financial markets by storm. Despite…
UAE central bank urges commercial lenders to use stimulus scheme
The United Arab Emirates central bank has urged commercial lenders to use the $70 billion-worth of capital and liquidity measures…
Egypt postpones Banque du Caire stake sale due to coronavirus: chairman
Egypt has postponed its plans to sell a minority stake in state-owned Banque du Caire in an initial public offering …
Commercial Bank launches products for digital payments and remittance
Commercial Bank announced yesterday the launch of two new innovative products that provide digital payment and remittance solutions for all…
How COVID-19 is Affecting the World’s Sovereign Wealth Funds
Global sovereign wealth funds have been severely impacted by the COVID-19 virus. Several sovereign wealth funds have seen a dramatic…
Jordan's banks to cut rates by 1.5% to spur economy hard hit by COVID-19
Jordan's responded to central bank calls to cut interest rates charged to small and medium sized firms and individuals feeling…
Gulf sovereigns likely to tap bond market amidst global recession
The virtual 2020 Spring meetings of the IMF and the World Bank Group is happening this week. On account…
MENA Q1 startup investments at $277mln; March sees huge drop over coronavirus
A strong start in 2020 led to startup investments worth $277 million in the Middle East and North Africa during…
Saudi regulator revises initiatives to help banks fight COVID-19 challenges
The Saudi Arabian Monetary Agency has either postponed or temporarily eased many initiatives in its efforts to enable financial institutions…
EFG Hermes partners with PayTabs over cashless payment in Egypt
Egyptian Financial Group Hermes Holding Company EFG Hermes has teamed up with PayTabs to launch PayTabs Egypt, according to an…
Foreign, Gulf funds’ outlook extends bearish run on QSE
Foreign and Gulf funds’ bearish outlook yesterday extended the bearish run on the Qatar Stock Exchange for the third straight…