Emirates NBD's Q1 Profit Drops As It Sets Aside $700m In Covid-19 Provisions
Emirates NBD, Dubai's largest bank, reported a 24% drop in its first-quarter profit Read more
Market Devouring Record Gulf Bonds Won't Touch Oman, Bahrain
Oman and Bahrain are all but shut out from bond funding, waiting for their yields to retreat before wading into the mark... Read more
The World Has Shifted, The Future Has Already Begun, And It's Online, Says HyperPay CEO Muhannad Ebwini
HyperPay's CEO Muhannad Ebwini on HyperPay's role during Covid-19, and what the future looks like Read more
NMC Health Goes Into Administration After Succumbing To Creditors
The Middle East's largest hospital operator will be run by administrators Alvarez & Marshal Read more
Saudi Wealth Fund Said To Take Stakes In European Oil Majors
Stakes in Equinor, Royal Dutch Shell, Total and Eni were bought by the Public Investment Fund on the open market in rece... Read more
Saudi Fund's Bargain Buy Of Carnival May Turn Out To Be Pricey
Saudi Arabia's $320 billion sovereign wealth fund has made a series of bold investments in recent years Read more
Finablr Appoints US Investment Bank As Independent Financial Advisor
Earlier in April, Finablr also announced that it appointed former Network International CEO Bhairav Trivedi as CEO Read more
Emirates Airline Said To Seek Billions In Loans, In Addition To Govt Support
Dubai government last week to shield the Emirates airline with new equity Read more
Covid-19: Bahrain To Support 100,000 Citizens In Private Sector With $570m Relief Package
Employers can apply for assistance for the aid via an online portal that has been launched Read more
Coronavirus: Abu Dhabi Announces $4.1bn Tenders For Local Businesses
Abu Dhabi Local Content programme includes 1,244 tenders, aimed at boosting productivity and strengthening supply chain... Read more
UAE-based NMC Heads To Administration After Bowing To Creditor Demands
Most of NMC's senior management has resigned since it revealed more than $4 billion of undisclosed debt. Read more
Saudi Wealth Fund Builds $200m Stake In Norway's State Oil Company
Equinor shares slumped just over 30 percent this year before rising 18 percent last week Read more
Kuwait's Stimulus Package Offers $16.5bn In Additional Lending, KBA Chairman
Adel Al-Majed has said the global crisis posed by coronavirus is worse than the financial meltdown of 2008 Read more
Dubai Islamic Slumps As NMC Exposure Risks Wiping 45% Of Profit
Dubai-based bank had about $425m of exposure at the end of March, while NMC owed its subsidiary Noor Bank about $116m Read more
Saudi-backed Augmented-reality Start-up To Explore A Sale
Saudi Arabia's sovereign wealth fund PIF among Magic Leap's big name investors Read more