Britain To Reveal Post-coronavirus Recovery Plan
UK is reportedly set to announce plans to reduce stamp duty, which is levied on real estate transactions, to boost the p... Read more
Egypt's Expats Become Opportunity For $61bn Fund Manager
Azimut's Luxembourg-based fund will initially allocate $50 million between as many as 25 Cairo-traded stocks Read more
Amlak International Completes IPO With Retail Coverage At 2,690%
The IPO is the first to take place in Saudi Arabia since the beginning of the Covid-19 pandemic in March Read more
UAE Central Bank To Launch Overnight Deposit Facility For Banks
Overnight money market rates should hover around the Base Rate under normal markets conditions Read more
Covid-19 Toll On Jobs, Incomes Laid Bare In Egypt Before Reopening
More than a quarter of employed Egyptians lost their jobs between the end of February and May, even as they sought to ke... Read more
Kuwait's Budget Crunch May Push It To Tap Fund For Life After Oil
Lawmakers are rejecting attempts to cut citizens' salaries and subsidies though, which account for more than 70% of spen... Read more
Saudi Central Banker Says 'too Early' To Call Recovery V-shaped
Ahmed Alkholifey said some foreign banks have delayed opening in the kingdom because of the virus Read more
Investment Opportunities Exist In Covid-19 Crisis, Insists Ithmar Capital Founder
Faisal Bin Juma Belhoul said the current economic turmoil is 'deja-vu' from time of financial crash Read more
UAE's Network International Plans Saudi Expansion Post-Covid
The company expects yearly revenues to be down 17% to 20% in the 2020 fiscal year Read more
Egypt Business Activity Rebounds To 4-month High
While firms cut wages for the third month in a row, optimism for future activity reached the highest so far this year Read more
UAE Shows Signs Of Recovery With Return To Business Growth
Saudi Arabia, by contrast, saw a sustained deterioration in overall business conditions, according to IHS Markit's Purch... Read more
Orient Insurance Postpones Saudi Expansion Plans
Company was due to launch in Saudi Arabia this year, but has delayed for two year as a result of Covid-19 impact Read more
What Saudi Arabia's Big Bank Merger Says About The Kingdom's Economy
The $15.6bn deal to combine National Commercial Bank and Samba would create a banking giant in terms of loans with almo... Read more
Saudi Arabia Extends Some Stimulus Measures For Business
Among the initiatives extended is a pledge to cover 60% of some Saudi salaries in the private sector Read more
Saudi's Amlak International Reveals Share Pricing Ahead Of IPO
Real estate financing firm to offer 30% of its shares on Saudi stock exchange Read more