Pandemic Causes Bahrain's GFH H1 Profits To Slide By Almost 58%
Profits fell from $48.43m last year to $20.39m as a result of Covid-19 and slower markets Read more
UAE's Mubadala Invests In US Pharma Business
Senior Mubadala exec says outsourced pharmaceutical services has been a key investment theme for the sovereign investor Read more
Bahrain's GFH Inks Deal To Hold Majority Share In Sharia Investment Firm
Global Banking Corporation offers a range of Sharia compliant investment banking services in Bahrain Read more
Bahrain's Ithmaar Holding Reveals 43% Drop In H1 Profits
Half yearly profits have fallen to $7.40m as a result of Covid-19 economic impact Read more
UAE's Waha Capital Eyes Latin America Tourism Boost After $50m Investment
CEO Amr Al Menhali says confident that investment will help put Waha on a firm footing post COVID-19 Read more
Banks Reduce Exposure To Dubai-based Oil Trader
BNP Paribas, Natixis and Middle Eastern lenders including Emirates NBD, Emirates Islamic Bank and National Bank of Fujai... Read more
How UAE Small Businesses, Consumers Have Changed Behaviours Amid Covid-19
Nine out of 10 consumers in the UAE have changed how they pay for purchases due to Covid-19, according to Visa Read more
NMC Administrators Say They've Uncovered Most Of The Hidden Debt
NMC will focus on its operations in the UAE and Oman, while considering the sale of the non-core international subsidiar... Read more
Fitch Follows Moody's By Downgrading Oman
Even before the virus outbreak and declines in oil prices, Oman was already among the most vulnerable economies in the s... Read more
Abu Dhabi Investment Office Transfers $145.7m Ventures Fund To ADQ
Collaboration aimed at strengthening Abu Dhabi's digital economy and start-up ecosystem Read more
UAE's Network International Reveals 15.3% Drop In Middle East Revenues For H1
Covid-19 lockdowns and reduced customer spending saw company report $150,000 loss for half year Read more
BR Shetty Steps Down As Co-chair And Director Of Finablr
UK's HMRC has moved to suspend business registrations of UAE Exchange UK Ltd. and Xpress Money Services Ltd Read more
Bahrain's Mumtalakat And Acrapita Exit NAS Neuron Investment
Stake has been sold to a leading US-based Fortune 500 company Read more
Saudi Sovereign Fund Said To Hire Ex-Morgan Stanley Risk Officer
PIF received an injection of $40bn from the kingdom's reserves in March and April as it sought investment opportunities ... Read more
Saudi's PIF Ditches Blue-chip Stocks, Adds ETFs
Kingdom transferred about $40bn to the PIF from its central bank in March and April to boost its financial fire power Read more