The United Arab Emirates will allow small and medium-sized businesses to use assets including tools and raw materials as collateral to back loans, in order to encourage lending to them. ( read original story ...)
Dubai non-oil private sector growth slows in August – PMI
Dubai's non-oil private sector expanded marginally in August for the second straight month, although at a slower pace than in July as weak demand led to a sixth month of job cuts, a survey showed on ... ( read original story ...)
UAE reports 883 new coronavirus cases, highest since late May
The United Arab Emirates recorded 883 new coronavirus infections on Wednesday, its highest daily increase in over three months. Daily infections in the Gulf Arab state have risen in recent weeks, ... ( read original story ...)
H.E. Obaid Humaid Al Tayer participates in the United Nations Finance Ministers meeting
That, in addition to launching a large-scale, coordinated, and comprehensive multilateral response to the COVID-19 emergency ... ( read original story ...)
Kazakhstan’s budget lost 610 bln tenge due to quarantine and a drop in tax payments
Kazakhstan’s budget lost 610 bln tenge due to quarantine and a drop in tax payments. NUR-SULTAN. Sept 9 (Interfax-Kazakhstan) – The government budget of Kaz ... ( read original story ...)
Pandemic Has Doubled Growth of Kazakh Retail Investors, According to Kazakh Stock Exchange
The world has seen a sudden increase in the numbers of retail investors amid the pandemic and Kazakhstan has followed a similar trend. The growth rate of new accounts has doubled, reaching 4.5 percent ... ( read original story ...)
Sri Lanka Considers Offering Hedging Options to Attract Foreigners
Sri Lanka is planning incentives to attract overseas investors into local-currency bonds in a bid to reduce the nation’s reliance on foreign debt amid the coronavirus pandemic. ( read original story ...)
Possible war crimes in Yemen fuelled by arms flows from West, Iran – UN
Weapons provided by Western powers and Iran to the warring sides in Yemen are fuelling the six-year-old conflict, marked by deadly Saudi-led coalition air strikes and Houthi shelling, U.N. ( read original story ...)
Saudi Arabia’s Financial Woes Mean It’s Squeezing Cash Cow Aramco
The world’s biggest oil company is getting squeezed by its main shareholder, the Saudi Arabian government.Even with crude dropping below $40 a barrel this week and its cash flow plunging, Saudi Aramco ... ( read original story ...)
Saudi Binladin to Hire More Advisers for $15 Billion Debt Revamp
Saudi Binladin Group plans to hire more advisers to accelerate one of the Middle East’s biggest corporate-debt revamps and tackle its estimated $15 billion debt pile. ( read original story ...)