Coronavirus Pandemic
Coronavirus, Low Oil Prices Set To Speed Up Gulf Bank Mergers
Middle East Business News - Published date: .
Moody's Investors Service says financial concerns in the region will play a larger role in encouraging deals Read more
IMF Chief Warns Global Economic Crisis 'far From Over'
Middle East Business News - Published date: .
There are currently 128 coronavirus vaccines under development across the world Read more
Rise In Indian Remittances From The Gulf Hides Tales Of Coronavirus Heartbreak
Middle East Business News - Published date: .
Indian banks see jump in remittances from the GCC by as much as 20% but the global pandemic still spells misery for many... Read more
GCC Investor Sentiment Rebounds After Q2 Coronavirus Hit
Middle East Business News - Published date: .
Iridium Advisors' research shows how Saudi Arabia took a 34 point battering to investor sentiment in the second quarter ... Read more
Deflation Set To Linger Across Gulf Economies
Middle East Business News - Published date: .
Downswing in oil is another challenge for the region's $1.6trn economy, putting it on course for what could be its worst... Read more
Dubai Investments Reports 42% Drop In Half Yearly Profits
Middle East Business News - Published date: .
Dubai Investments revealed H1 profits decreased to $55.78m as a result of Covid-19 impact Read more
JPMorgan Sees Virus Fallout Stoking Middle East Deals Into 2021
Middle East Business News - Published date: .
The first six months saw $72 billion of bond issuance from the region, the busiest start yet Read more
First Abu Dhabi Bank Joins Middle East Lenders In Raising Provisions
Middle East Business News - Published date: .
Banks in the Gulf region are raising provisions to offset an expected increase in sour loans due to the twin shock of pl... Read more
Emirates NBD Receives Approval To Double Foreign Ownership Limit
Middle East Business News - Published date: .
Dubai's largest bank earlier reported a 45% slump in first-half profits Read more
Emirates NBD Reports 45% Slump In Profit After $1.1bn Provisions
Middle East Business News - Published date: .
Emirates NBD continues to have a good underlying operating performance, said CFO Patrick Sullivan Read more
Middle East Wealth Funds Plan More European Bargain Hunting, Says Invesco
Middle East Business News - Published date: .
Over the next 12 months, about 43% of sovereign funds in the region will buy equities with lower valuations Read more
Dubai FDI Continues Investment Push Online Amid Pandemic
Middle East Business News - Published date: .
A total of 34 webinars have been scheduled in 13 markets to woo investors through the end of the year Read more
Saudi Arabia Spends $57bn To Soften Economic Blow Of Covid-19
Middle East Business News - Published date: .
Over 650,000 people have directly benefited from the measures, according to the kingdom's Ministry of Finance Read more
UAE's Network International Plans Saudi Expansion Post-Covid
Middle East Business News - Published date: .
The company expects yearly revenues to be down 17% to 20% in the 2020 fiscal year Read more
Saudi's Samba Group CEO Expects U-shaped Recovery After 'triple Jeopardy' Of Crises
Middle East Business News - Published date: .
Samba Financial Group CEO Rania Nashar expects a fully recovery by the end of 2021 Read more
Emirates NBD Said To Slash Workforce By As Much As 10%
Middle East Business News - Published date: .
In a statement, the bank said it had been severely impacted by the impact of the Covid-19 pandemic Read more
Saudi Central Bank Affirms Commitment To Currency Peg Against Dollar
Middle East Business News - Published date: .
Saudi Arabian Monetary Authority to maintain exchange rate at 3.75 riyals to the dollar Read more
World Bank Warns Remittance Payments To Plunge Amid Pandemic
Middle East Business News - Published date: .
Remittance flows are expected to fall 19.6% from Middle East and North Africa Read more
Emirates NBD's Q1 Profit Drops As It Sets Aside $700m In Covid-19 Provisions
Middle East Business News - Published date: .
Emirates NBD, Dubai's largest bank, reported a 24% drop in its first-quarter profit Read more
Covid-19: Bahrain To Support 100,000 Citizens In Private Sector With $570m Relief Package
Middle East Business News - Published date: .
Employers can apply for assistance for the aid via an online portal that has been launched Read more