economic slowdown
IMF Chief Warns Global Economic Crisis 'far From Over'
Middle East Business News - Published date: .
There are currently 128 coronavirus vaccines under development across the world Read more
Deflation Set To Linger Across Gulf Economies
Middle East Business News - Published date: .
Downswing in oil is another challenge for the region's $1.6trn economy, putting it on course for what could be its worst... Read more
Abu Dhabi Returns To Dollar Bond Market With Multi-tranche Deal
Middle East Business News - Published date: .
UAE capital is among the list of many selling bonds to bolster their finances in the face of lower oil and gas prices Read more
Dubai's Shuaa Pauses Some Deals As Virus Causes Strategic Shift
Middle East Business News - Published date: .
Shuaa Capital is focused on its main businesses and on becoming more efficient, chief executive officer Jassim Alseddiqi... Read more
Saudi's Samba Group CEO Expects U-shaped Recovery After 'triple Jeopardy' Of Crises
Middle East Business News - Published date: .
Samba Financial Group CEO Rania Nashar expects a fully recovery by the end of 2021 Read more
Oman Offers Emergency Interest-free Loans For Firms Hit By Virus
Middle East Business News - Published date: .
The Gulf nation has already trimmed its budget spending and announced liquidity support Read more
Kuwait's Stimulus Package Offers $16.5bn In Additional Lending, KBA Chairman
Middle East Business News - Published date: .
Adel Al-Majed has said the global crisis posed by coronavirus is worse than the financial meltdown of 2008 Read more
HSBC To Embark On Job Cuts Across Middle East, North Africa
Middle East Business News - Published date: .
HSBC employs 4% of its total workforce in the region - about 9,600 full-time staff Read more
UAE Unveils Plan To Ease Debt Woes For Emiratis
Middle East Business News - Published date: .
The plan targets loans that cost citizens more than 50% of their monthly salary Read more