Islamic Development Bank launches $2 bn coronavirus response package
The package will help member states to cope with the impact of the Covid-19 pandemic
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Egypt grounds all flights till mid-April amid coronavirus pandemic
Egyptian airports will also remain closed during the period
Dubai real estate market ‘will tremendously improve after Covid-19’
Despite Dubai’s real estate market’s positive outlook ahead of the Expo 2020, the onset of Covid-19 has slowed down its growth
Singapore VC Expara to support startups fighting Covid-19
The VC firm is now accepting applications for its Expara VirTech Global Accelerator
Jazeera Airways to suspend 2019 dividend distribution for shareholders
Jazeera Airways to suspend 2019 dividend distribution for shareholders
Zain launches fibre broadband services in Bahrain
The new service is being launched in partnership with Bahrain’s National Broadband Network
UAE’s Aldar allocates $27.2 mn to protect stakeholder interest
Aldar Properties has allocated $27.2 million as part of its long-term efforts to protect stakeholder interest in the real estate market, media reports said. The
Oman announces $20 bn extra liquidity amid Covid-19 outbreak
Oman’s central bank asked local banks to cut banking fees, adjust capital and credit ratios, and allow repayment postponements up to six months for SMEs
UAE central bank’s foreign assets reach Dh405.94 billion in February 2020
The central bank's total foreign assets increased 13 percent compared to the same period last year
Nigeria-based Zenith Bank denies merger speculations with Union Bank
Merger speculations erupted in Nigeria after central bank announced recapitalisation of the banking sector