UAE L&T Finance Holdings Ltd (L&TFH) on Friday said it has decided to wind up its Dubai-based subsidiary L&T Capital Markets (Middle East) Ltd, after the proposed sale plan didn't materialise. In ... ( read original story ...)
Saudi economy likely worse in second quarter despite June improvement – central bank governor
Saudi Arabia's economy likely deteriorated more in the second quarter than in the first three months of the year, the Saudi central bank governor said on Saturday. ( read original story ...)
Iran’s rial hits new low on unofficial market; virus, sanctions weigh
The Iranian rial fell to a new low against the U.S. dollar on the unofficial market on Saturday and has now seen its value fall by almost half in 2020 as the economy comes under pressure from the ... ( read original story ...)
Global finance professionals to hold virtual event in August
Financial advisors worldwide are set to gather in a five-day virtual conference next month to help clients cope with the COVID-19 pandemic. ( read original story ...)
Macao Could Give Gambling Stocks a Big Boost
Gambling stocks with exposure to Macao had a great start to the week this week on hopes that fewer travel restrictions from China and the rest of the world will be good for business in the long term. ( read original story ...)
Fitch Solutions ‘more optimistic’ about Qatar growth in 2021
Fitch Solutions is “more optimistic” about Qatar’s growth in 2021 due to favourable base effects, preparations for the 2022 FIFA World Cup and higher natural gas output. ( read original story ...)
QNB Group bags ‘Best Bank in Qatar’ award from Euromoney
QNB Group’s presence through its subsidiaries and associate companies extends to some 31 countries across three continents, providing a comprehensive range of advanced products and services QNB Group ... ( read original story ...)
Turkmenistan identifies measures for private sector dev’t
President Ilham Aliyev: This operation, military confrontation of recent days, is yet another glorious victory for us Politics 13:24 Twitter says attackers downloaded data from up to eight non ... ( read original story ...)
UAE opens business incubators, accelerators for entrepreneurs
The UAE government has launched a pioneering project, the Fazaa centre for Business Incubators and Accelerators,that provides logistical support, training, qualification, studies and consultancies for ... ( read original story ...)
Covid slams brakes on school transport business in UAE
School transport companies are passing through a critical phase and facing an uncertain future if the government doesn't come to rescue them through a bailout package, industry officials say. Analysts ... ( read original story ...)