Rishi Sunak Reveals $37bn Plan To Rescue UK Economy
Raising the stamp duty threshold for purchases of property to 500,000 pounds, until March 31 next year, meaning 90% will... Read more
Hyflux's Middle East Suitor Raises Offer, Extends Deadline Again
Utico said the latest offer gives a chance of a higher recovery for retail investors in Hyflux Read more
Saudi Arabia Spends $57bn To Soften Economic Blow Of Covid-19
Over 650,000 people have directly benefited from the measures, according to the kingdom's Ministry of Finance Read more
Dubai Business Conditions Show Signs Of Improving As City Emerges From Lockdown
IHS Markit's Purchasing Managers' Index said output grew for the first time in four months at 'a solid rate' Read more
Former Saudi Economy Minister Among Eight Contenders For WTO Leadership
Mohammed al-Tuwaijri entered the race to become the next head of the World Trade Organisation Read more
Travelex Lenders To Take Control Of Firm As Part Of New Agreement
The embattled company will be split into two separate platforms, Travelex said in an update Read more
Britain To Reveal Post-coronavirus Recovery Plan
UK is reportedly set to announce plans to reduce stamp duty, which is levied on real estate transactions, to boost the p... Read more
Egypt's Expats Become Opportunity For $61bn Fund Manager
Azimut's Luxembourg-based fund will initially allocate $50 million between as many as 25 Cairo-traded stocks Read more
Amlak International Completes IPO With Retail Coverage At 2,690%
The IPO is the first to take place in Saudi Arabia since the beginning of the Covid-19 pandemic in March Read more
UAE Central Bank To Launch Overnight Deposit Facility For Banks
Overnight money market rates should hover around the Base Rate under normal markets conditions Read more
Covid-19 Toll On Jobs, Incomes Laid Bare In Egypt Before Reopening
More than a quarter of employed Egyptians lost their jobs between the end of February and May, even as they sought to ke... Read more
Kuwait's Budget Crunch May Push It To Tap Fund For Life After Oil
Lawmakers are rejecting attempts to cut citizens' salaries and subsidies though, which account for more than 70% of spen... Read more
Saudi Central Banker Says 'too Early' To Call Recovery V-shaped
Ahmed Alkholifey said some foreign banks have delayed opening in the kingdom because of the virus Read more
Investment Opportunities Exist In Covid-19 Crisis, Insists Ithmar Capital Founder
Faisal Bin Juma Belhoul said the current economic turmoil is 'deja-vu' from time of financial crash Read more
UAE's Network International Plans Saudi Expansion Post-Covid
The company expects yearly revenues to be down 17% to 20% in the 2020 fiscal year Read more