Category: FINANCE

The United Arab Emirates doesn’t spring to mind as an obvious place to farm rice, but the coronavirus is prodding the arid nation to explore new ways of feeding itself.In a pilot project with South ... ( read original story ...)

Dada Nexus Ltd said on Monday it aims to raise up to $280.5 million in an initial public offering (IPO) that could value the Chinese online grocery firm at over $3.72 billion. The company, whose IPO ... ( read original story ...)

The United Arab Emirates on Monday called on Israel to halt a plan to annex parts of the occupied West Bank — joining a long list of Arab nations that have condemned the expected Israeli move. The UAE ... ( read original story ...)

Gross assets of banks operating in Abu Dhabi and Dubai have risen to around AED2.897 trillion ($788 billion), by the end of April, accounting for 92 percent of total banking assets in the country, ... ( read original story ...)

The decree exempts businesses from late fines related to any government service in Dubai as part of government efforts to boost the national economy, ... ( read original story ...)

A senior United Arab Emirates official said on Monday that any unilateral move by Israel to annex parts of the occupied West Bank would be a serious setback for the Middle East peace process. ( read original story ...)

The Saudi central bank said it provided 50 billion riyals ($13.3 billion) to support liquidity in the banking sector, according to a statement on twitter on Monday. ( read original story ...)

Dubai could see a recession of around 5.5% in 2020 as it faces about $10 billion in debt maturities this year while revenues are expected to drop in line with the pattern of the 2009 crisis, Bank of ... ( read original story ...)

The Saudi central bank said it provided 50 billion riyals ($13.32 billion) to support the banking sector liquidity, according to a statement on twitter on Monday. ($1 = 3.7545 riyals) (Reporting by ... ( read original story ...)

The lack of depth and coverage of regional debt and equity markets is well known and documented. We have puny equity capital markets ... and even those cater only to the larger companies. They are ... ( read original story ...)