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
Video: India Is Promised $1 Billion To Fight Covid-19 Pandemic As Deaths Rise
The World Bank has pledged one billion dollars to India to help tackle the coronavirus pandemic there. The city of Mumba... Read more
Dubai Islamic Bank, Noor Bank Exposure To NMC At $541m
Abu Dhabi Commercial Bank has requested NMC be placed in administration Read more
Abu Dhabi Commercial Bank Requests NMC Be Placed In Administration
Embattled NMC has said such a move would endanger lives during coronavirus pandemic Read more
Dubai Chamber Donates $2.7m To Coronavirus Solidarity Fund
Chamber has already received a 'considerable number' of pledges from multinationals and family businesses in the emirate Read more
NMC Health Executive Chairman Calls For Patience From Creditors
NMC board has appointed PwC to advise on liquidity and operational matters Read more
NMC Convertible Bondholders Tap PJT Ahead Of Debt Restructuring
PJT is advising a group of investors in NMC Health's $360 million of convertible bonds due 2025 Read more
NMC Convertible Bondholders Tap PJT Ahead Of Debt Restructuring
PJT is advising a group of investors in NMC Health's $360 million of convertible bonds due 2025 Read more
Inaugural $9.5m Emirates Loto Draw Rescheduled For April
First jackpot draw was due to take place on Saturday, tickets will be carried forward Read more
Lulu Exchange App Sees Surge In Downloads
LuLu Money has over 350,000 downloads to date, 15,000 of which were in the last 10 days Read more
Coronavirus: Bahrain Orders All Bank Notes To Be Disinfected
Central Bank of Bahrain has issued directive to all money changers in the kingdom Read more
Covid-19: Saudi Delivery App Raises Funds As Virus Lockdown Boosts Demand
Nana raised $18 million from investors including venture capital fund STV and Middle East Venture Partners Read more
Gulf Sovereign Wealth Funds Could Shed $300bn Amid Covid-19 Chaos
Hedge funds and private-equity firms on Wall Street could lose a substantial piece of business as Gulf funds channel wea... Read more