Dubai's Economy Declined By 3.5% In Q1 Amid Covid-19 Crisis
Real estate, finance, manufacturing and government sector all recorded growth despite global pandemic Read more
Saudi Arabia 'less Pessimistic' Than IMF As Economy Shrinks Again
Non-oil GDP, which is a better gauge of economic health and an engine of job creation, grew 1.6% in the first quarter, t... Read more
Saudi Retailers Report Surge In Sales Ahead Of VAT Increase
Shopping malls in the kingdom have drawn large crowds in recent days as retailers offered 'pre-VAT sales' and discounts ... Read more
Dubai World Pays $8.2bn Early To Complete Debt Revamp
Payment was made using funds from asset sales, dividend payments and the delisting of port operator DP World Ltd Read more
No Plans For Mulk Holdings IPO For Now, Says Founder Shaji Ul Mulk
Mulk Holdings set to start manufacturing Covid-19 face masks by mid-July this year Read more
Japan's SMBC Nikko To Open Abu Dhabi Branch
SMBC Nikko's overseas operations earned $143m in year ended March - it aims to double the amount by the year ending Marc... Read more
How Saudi Arabia's $15.6bn Bank Merger Would Stack Up
The National Commercial Bank-Samba merger would create a banking giant in terms of loans with almost a 30% market share... Read more
Ten People Killed In Attack On Pakistan Stock Exchange
Four security guards, a police officer and a bystander were killed in the melee Read more
Shares Of Saudi Samba Surge After $15.6 Billion Takeover Bid
The kingdom has been taking steps to shore up its banking sector from the coronavirus shock and lower oil prices Read more
Middle East Inks $25bn Of Deals Defying Covid-19 Gloom
Sovereign wealth funds including Saudi Arabia's Public Investment Fund are deploying billions of dollars to buy stakes i... Read more
ECB's Lagarde Says 'probably Passed Lowest Point' Of Economic Crisis
European Central Bank chief Christine Lagarde said the hardest hit industries - such as airlines, hospitality and entert... Read more
Saudi Bank NCB Plans $15.6bn Takeover Of Rival Samba
The combined bank would have total assets of about $210 billion, making it the third largest in the region Read more
Abu Dhabi-based KKBO Said Set To Hire PwC, Trussbridge To Restructure Debt
KBBO, a privately-held investment firm with assets in healthcare and finance sectors, also plans to appoint a chief rest... Read more
Saudi's Samba Group CEO Expects U-shaped Recovery After 'triple Jeopardy' Of Crises
Samba Financial Group CEO Rania Nashar expects a fully recovery by the end of 2021 Read more
Credit Suisse Hires New CEO For Saudi Commercial Bank Unit
Credit Suisse is expanding after receiving a full banking license for the kingdom in April 2019 Read more