Financial Services MENA Edition
Latest News
Fitch affirms United Arab Bank's IDR at 'BBB+'; downgrades VR to 'B'; Outlook Stable
Fitch's view of support factors in the sovereign's strong ability to support the banking system
Prudent for EU insurers to suspend dividends - watchdog
EIOPA has asked the sector to suspend dividends to preserve capital
HSBC says “respects and supports” laws that stabilise Hong Kong
The comments posted on the bank's Chinese social media channel on Wednesday are the most outspoken yet
SoftBank launches $100mln fund investing in 'people of colour'
SoftBank's management is overwhelmingly male
Singapore to assess COVID-19 impact on digital bank bidders - sources
Singapore is issuing up to two digital retail and three wholesale bank licences, and bidders need $1.1bln in paid-up capital.
Renault finalises $5.60bln state-backed loan
The carmaker announced last week plans to cut about 15,000 jobs worldwide
Bank of America pledges $1bln to address racial, economic inequality
U.S. lender is the first big bank to pledge monetary support following violent protests across the country after George Floyd
Indian carmakers offer teasers as RBI softens stance, sources say
Maruti Suzuki, Hyundai and Daimler's Mercedes Benz have all teamed up with banks to offer purchase schemes involving teaser deals
Companies in GCC states likely to consolidate amid COVID-19: KPMG
SMEs, large corporates need immediate cash to sustain business
Dubai's DIFC companies to benefit from group health scheme
Health scheme will be available for 2,400 registered firms in DIFC
Insights
Hedge funds turn bullish on crude, remain cautious on fuels: Kemp
Portfolio managers have been buyers in eight of the last nine weeks
Rich world's jobs crisis jolts money flows to millions
Roughly one in nine of the global population receives remittances, or about 800mln people, according to the United Nations
On debt-stricken Lebanon, investors see little room for optimism
Four different crisis: creditor