Low Oil Price
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
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
UAE Commodities Firm Shuts Trading Desks After Coronavirus Blow
Middle East Business News - Published date: .
Sources say GP Global Group decided to stop trading commodities from energy to agriculture after banks withdrew credit l... 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
Abu Dhabi Returns To Dollar Bond Market With Multi-tranche Deal
Middle East Business News - Published date: .
UAE capital is among the list of many selling bonds to bolster their finances in the face of lower oil and gas prices Read more
UAE Energy Trader To Restructure Finances Following Oil's Crash
Middle East Business News - Published date: .
GP Global said it has been 'targeted by vested interests' spreading rumours about its financial standing 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
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
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