Egypt Business Activity Rebounds To 4-month High
While firms cut wages for the third month in a row, optimism for future activity reached the highest so far this year Read more
UAE Shows Signs Of Recovery With Return To Business Growth
Saudi Arabia, by contrast, saw a sustained deterioration in overall business conditions, according to IHS Markit's Purch... Read more
Orient Insurance Postpones Saudi Expansion Plans
Company was due to launch in Saudi Arabia this year, but has delayed for two year as a result of Covid-19 impact Read more
What Saudi Arabia's Big Bank Merger Says About The Kingdom's Economy
The $15.6bn deal to combine National Commercial Bank and Samba would create a banking giant in terms of loans with almo... Read more
Saudi Arabia Extends Some Stimulus Measures For Business
Among the initiatives extended is a pledge to cover 60% of some Saudi salaries in the private sector Read more
Saudi's Amlak International Reveals Share Pricing Ahead Of IPO
Real estate financing firm to offer 30% of its shares on Saudi stock exchange Read more
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