Articles
Moody's cuts UK credit rating citing weak economic growth
The agency said the uncertainty amid Brexit could further hamper any economic recovery
G20 to extend debt service suspension to poorest countries by another six months
Group is convening another meeting of finance ministers in November to assess how best to complement initiative
General Atlantic invests $498m in Mukesh Ambani's retail venture
The private equity firm takes a 0.84 per cent stake in Reliance Retail Ventures
G20 energy ministers pledge to contribute to Covid-19 economic recovery
Ministers commit to create conditions to attract investments in the energy sector and endorse the circular carbon economy
Generation Start-up: MoneyFellows is offering the underbanked easy access to quick loans
The Cairo-based FinTech has digitised the informal borrowing and lending model used in money circles
Etisalat rolls out 5G for UAE home users
The regulator's move will help the country deploy applications such as self-driving cars, smart industry and the Internet of Things
Investcorp sets up platform to invest in Chinese healthcare companies
The asset manager invested in Lu Daopei Medical Group and online healthcare platform WeDoctor through its new platform
Unemployment in OECD countries eases in July but still higher than pre-pandemic levels
The jobless rate in the group's member countries fell to 7.7% in July from 8% in June
Delivery Hero acquires online grocery platform Instashop for $360m
Instashop will use the funding to launch in new markets and grow its operations
PIF-backed Saudi Arabian Military Industries appoints new chief executive
Walid Abukhaled, who was promoted from his post as an acting chief executive, has nearly 30 years of experience in military industries
IMF ready to 'redouble' efforts and World Bank set to help Lebanon on 'fast-track basis'
The IMF says the country needs to restore public finances and protect the savings of Lebanese depositors
Generation Start-up: GrubTech is helping Mena restaurants to reduce food delivery times
The company aims to eliminate inefficiencies across back-end operations of restaurants by automating cumbersome administrative processes
Gulf energy ministers see encouraging signs of improvement in global economy
Producers from the region are committed to the Opec+ agreement 'to further speed up the oil market's rebalancing', ministers say
Abu Dhabi's FAB raises Dh1.8bn through Chinese yuan formosa bond
The issue is the largest denominated in Chinese yuan globally, FAB says
DMCC slashes set-up costs by 50% for diamond companies
The free zone aims to attract international companies to set up operations in Dubai
