Funds
News and insights into the region's funds industry, mutual funds, ETFs and other investment vehicles
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$100,000 grant to boost business development in Sharjah
Access Sharjah is a global platform that connects digital start-ups to relevant public and private entities in Sharjah and across the United Arab Emirates
WAM (Emirates News Agency)
Saudi Telecom Company launches $26.7mln health care initiative
22 health care centers provide services to more than 5 million beneficiaries and patients since their launch
Arab News
Central Bank of Kuwait announces stimulus package to fight COVID-19
The fresh package aims at reducing liquidity and capital adequacy requirements for banks
Kuwait News Agency (KUNA)
CME pushed to change gold delivery rules amid coronavirus lockdown -sources
Traders feared shutdowns of air travel and precious metal refineries due to the coronavirus outbreak
Reuters News
UAE's ADIB contributes $6.8mln to Ma'an 'Together We Are Good' programme
‘Together We Are Good’ programme to provide the community with the chance to support Abu Dhabi Government’s efforts to address the current health and economic challenges
WAM (Emirates News Agency)
Egypt’s $6.34bln coronavirus emergency fund part of 2019/20 budget: MP Hussein Eissa
So far, the situation is safe and under control, and death rates as well as confirmed cases are much lower than in other surrounding countries
Daily News Egypt
UAE's Aldar pledges $27.2mln support for residential, retail partners
The developer will be allocating $1.08bln towards the timely payment and fulfilment of its commitments to its contractors, consultants and suppliers
TradeArabia
Bahrain annouces $11.3bln package to back economy
The majority of these initiatives will be funded through the CBB initiatives
Gulf Daily News
Saudi Arabia unveils $13.3bln economic stimulus package to offset coronavirus impacts
SMEs will be granted concessional loans of up to $3.5bln from banks and finance institutions
The Saudi Gazette