Dubai's DFSA Fines La Tresorerie For 'serious Breaches'
According to the Dubai Financial Services Authority, the firm was involved in 'systematic' illegal cash services for a t... Read more
World Bank Warns Remittance Payments To Plunge Amid Pandemic
Remittance flows are expected to fall 19.6% from Middle East and North Africa Read more
UAE's FTA Extends Deadline For VAT Filings, Payments
The move is valid for the tax period ending March 31 Read more
MPs In Lebanon Approve $120m Loan From World Bank To Fight Covid-19
Three-day parliament sitting held in Beirut conference hall amid anti-government protests outside Read more
NMC Health Backer Weighs Strategic Options, Debt Revamp
Abu Dhabi-based KBBO Group is being advised by KPMG on ways to restructure its debt, according to reports Read more
Saudi Stocks Lead Gulf Bourses Down After Oil Slump
US crude prices made a partial recovery on Tuesday after trading at historic lows Read more
Saudi's ACWA Power Plans $1bn Bond Sale
Company in talks with local banks about potential deal that would be denominated in Saudi riyals Read more
Bahrain Announces 30% Budget Cuts, Projects Rescheduled
It has also been agreed to reschedule a number of construction and other projects to meet emergency costs of curtailing ... Read more
Dubai's Deyaar To Go Ahead With Capital Restructuring Plans
Capital restructuring plan will see the cancellation of 21.3 percent of the company's shares Read more
Emirates NBD's Q1 Profit Drops As It Sets Aside $700m In Covid-19 Provisions
Emirates NBD, Dubai's largest bank, reported a 24% drop in its first-quarter profit Read more
Market Devouring Record Gulf Bonds Won't Touch Oman, Bahrain
Oman and Bahrain are all but shut out from bond funding, waiting for their yields to retreat before wading into the mark... Read more
The World Has Shifted, The Future Has Already Begun, And It's Online, Says HyperPay CEO Muhannad Ebwini
HyperPay's CEO Muhannad Ebwini on HyperPay's role during Covid-19, and what the future looks like Read more
NMC Health Goes Into Administration After Succumbing To Creditors
The Middle East's largest hospital operator will be run by administrators Alvarez & Marshal Read more
Saudi Wealth Fund Said To Take Stakes In European Oil Majors
Stakes in Equinor, Royal Dutch Shell, Total and Eni were bought by the Public Investment Fund on the open market in rece... Read more
Saudi Fund's Bargain Buy Of Carnival May Turn Out To Be Pricey
Saudi Arabia's $320 billion sovereign wealth fund has made a series of bold investments in recent years Read more