Knight Frank launches The Wealth Report 2020
We provide a whistle-stop tour of the current trends inside the latest edition of The Wealth Report and predict the…
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JP Morgan's Ward: 'Enormous ramifications' if China does not get 'back to work'
If China fails to get "back to work" and is unable to cushion the impact of the coronavirus by April…
UAE lowers interest rates in line with US move
The Central Bank of the UAE has it will lower interest rates applied to the issuance of its Certificates of…
Coronavirus impact: Investments in Dubai's DGCX spike over demand for safe assets
The Middle East’s largest derivatives bourse, the Dubai Gold & Commodities Exchange has seen a huge influx of investments, as…
Qatar’s share of foreign investments in Kuwait amounts to 40%: Official
Qatar and Kuwait have one of the strongest strategic relations and bilateral trade and investment alliances in the Middle East…
Mideast Stocks: Gulf bourses gain as stimulus hopes offset virus
Major stock markets in the Gulf opened higher on Tuesday, extending gains from the previous session, on hopes that central…
QSE snaps six days of bearish spell to climb 43 points, lifted by real estate, telecom sectors
The Qatar Stock Exchange on Tuesday snapped six days of bearish spell and its key barometer rose 43 points, mainly…
Abu Dhabi-based banks report Dhs40.3bn net income in 2019
Abu Dhabi-based commercial and Islamic banks reported a net income of Dhs40.3bn in 2019, reported news agency WAM. The…
Sharia council issues fatwa on coronavirus
On Tuesday, UAE’s Sharia Council issued a fatwa that prohibited those infected with or suspected of coronavirus from attending congregational…
UAE rules out any VAT increase
The UAE ruled out any increase the value added tax (VAT to be accordance with recent IMF recommendations. “We…
UAE, Saudi and Bahrain lower interest rates in line with Fed move over virus outbreak
Policy makers in the Gulf followed the US Federal Reserve’s emergency move on Tuesday, lowering interest rates in response to…
Dubai launches data-based Economic Platform
The ‘Dubai Economic Platform’ has been launched, offering an integrated source of global and local economic data and relying on…