Articles
Nana lands $18m to fight for bigger share of Saudi grocery basket
Online marketplace set up four years ago completes funding round led by STV
World Bank and IMF call for debt relief to help poorer countries fight coronavirus
Outbreak will have ‘severe economic and social consequences’ for nations with lowest incomes
Saudi contract awards rise 95% in 2019 to 197bn riyals
The oil and gas sector was busiest, with 43% of total awards by value
Fed announces open-ended asset-buying programme
US central bank will buy assets linked to small business loans, credit card loans and student debt as it tries to make sure money flows through the economy
US economic growth to see a ‘dramatic’ decline in second quarter on virus impact
Recovery is expected in second half of the year, however, average annual growth will drop 3.8%, according to Goldman Sachs
Sol Kerzner, creator of Dubai's Atlantis resort, dies
The founder stepped down from Kerzner International in 2014 after the Investment Corporation of Dubai took a majority stake
Generation Start-up: Taking away the HR headache for SMEs
Ayman Badawi is aiming to double the number of users on his platform 1clique, a company that provides tailored HR software to local SMEs, by the end of this year
UAE stock markets halve loss limits to contain volatility
DFM and ADX reduce level at which markets stop trading on instructions from regulator
Shuaa aims to increase asset base to $20bn as it plans to boost operations
Enlarged company is targeting regional growth in investment banking and asset management
GCC central banks cut interest rates following Fed's shock move
Global markets continued to slide on Monday despite the US Federal Reserve cutting rate to near zero on Sunday evening
Dubai Islamic Bank shareholders approve lifting foreign ownership cap
Recent merger with Noor Bank has created an institution with total assets of more than Dh275 billion
ADX closes trading floors as a preventive measure due to the coronavirus
Chief executive urges participants to use digital platform to trade
Value of Mena IPOs in fourth quarter of 2019 hits $30bn
Saudi Aramco's record-breaking market debut leads to 3,000% hike in value of Gulf market listings
NMC now says debt higher than declared at $5bn
Company says current debt stands at about $5bn, compared with $2.1bn stated in previous accounts
Fiscal measures needed to tackle coronavirus impact, UN says
Governments should target any cash payments towards gig economy workers
