Monday 6 April 2020

Standard Chartered launches $50m Covid-19 assistance fund

Standard Chartered is launching a $50 million global fund providing assistance to those affected by the Covid-19 pandemic.   "The group will immediately donate $25 million to support emergency relief in our most affected markets. The additional $25 million


Al Arrayed named new NBB board member

The National Bank of Bahrain (NBB) has appointed Edamah CEO Amin Al Arrayed as its newest board member replacing Khalid Al Rumaihi who has requested to depart the board due to his new role and bigger responsibilities.   Al Rumaihi was appointed as a non-executiv


UAE likely to see GDP growth of 2.5pc in 2020: report

The UAE's non-oil economy will likely see stagnation in the first half of 2020, according to the latest Economic Update from chartered accountancy body ICAEW.    This is due to the ramifications of the escalating Coronavirus pandemic and the slump in oi


ADX sees 93pc in disclosure compliance of financial reports

Abu Dhabi Securities Exchange (ADX) has achieved a compliance rate 93 per cent regarding the disclosure of the annual financial statements 2019 of its listed public joint stock companies and private listed companies within the deadline of 90 days from the end of the financial period annual.


Bahrain repays $1.25bn bond under fiscal plan

Bahrain’s Ministry of Finance and National Economy announced yesterday (April 1) it had repaid an international $1.25 billion bond that reached maturity on March 31, a media report said. The ministry said that the successful repayment demonstrates the strength and robustnes


DGCX contract trading hits $45bn in March

Dubai Gold & Commodities Exchange (DGCX) said the total volumes of contracts for March stood at 1.8 million, valued at $45.133 billion. The Average Daily Volume (ADV) for the same month hit 81,850 contracts.   As the Covid-19 pandemic causes volatile swings


ADGM launches support measures for registered businesses

In keeping with Abu Dhabi’s robust economic stimulus package to support the economic activity and facilitate business in the emirate, Abu Dhabi Global Market (ADGM), has launched a set of financial and support measures to mitigate the adverse impact of the coronavirus, Covid-19, pandemi


8.3m will fall into poverty in the Arab region

An additional 8.3 million people will fall into poverty in the Arab region, according to a new policy brief issued by the United Nations Economic and Social Commission for Western Asia (ESCWA) on the impact of Covid-19.   Increased poverty could raise the number


Azizi takes preventative measures to tackle Covid-19

Azizi Developments, a leading real estate developer in the UAE, said it has implemented an array of preventative measures across its offices, sales gallery and projects in bid to tackle Covid-19 outbreak.    Through VCM, its community management provider, A


World craves for better capitalism: Survey

Around the world, people are not satisfied with today's model of capitalism and believe businesses can play a key role in addressing issue areas like the environment and access to job opportunities, finds a survey report.   An eye-opening survey by Salesforc

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