Financial Services MENA Edition
Latest News
Goldman Sachs commits $250mln to CDFI loans for small businesses
Solomon also said that this own employees' "jobs are safe" during this crisis.
Islamic trade finance body ITFC launches $850mln coronavirus financing
$300mln would be immediately available
Coronavirus compounds Lebanon's woes, many struggle for food
Cash-strapped state has little means to help
UAE MoF organises remote workshops on automated budget preparation system
The workshops also went through requesting a replacement for retirement or resignation, and employee promotions procedures
Japan investors urge extra bond issuance to fund stimulus on coronavirus
Major Japanese investors saw room for additional government bond issuance
Britons to receive 'stop-gap' loan relief to weather pandemic - financial regulator
"Stop-gap" package complements relief already announced by the government to support mortgage-holders, furloughed staff, renters and the self-employed
Britain's Saga asks for debt relief as casts doubt on 2020 holidays
Applying to waive some debt covenants
Moody's places 2 Kuwaiti banks on review for downgrade
Ratings agency cites weakening of Gulf state's capacity to provide support
Abu Dhabi Commercial Bank in talks with NMC Health over $981mln debt exposure
ADCB, one of more than 80 local, regional and international banks that gave credit to NMC, said it was provided through a combination of loans from the bank
SMEs in Egypt operate with $4.9bln capital: CAPMAS
SMEs operate through nearly 1.7mln institutions.
Insights
China's PMI rebound is more likely the outlier than the template: Russell
PMI isn't a sign that the Chinese economy has recovered and is now back in growth mode.
Coronavirus forces bankers from 'dire' IPO market to emergency capital raises
Stock market listings abruptly stopped this month
Hedge funds trim short oil positions as prices hit crisis point: Kemp
U.S. crude and distillate prices have been hit harder than Brent or gasoline