Articles
Bank of England says UK economy could shrink 30% in first half of year
Unemployment to surge to about 9% in the second quarter – the highest since 1994
UAE Central Bank says 75% of Dh50bn pandemic liquidity facility drawn down
A total of Dh37.2bn from the targeted economic support scheme has been used to date
Lebanon's private sector witnessed 'record deterioration' amid Covid-19 lockdown
PMI data shows lockdown measures caused more pain for nation's struggling businesses
Saudi Arabia's central bank reaffirms commitment to US dollar peg
Maintaining the link is 'a primary driver for monetary stability and sustainable economic growth', SAMA says
Wiping zeroes off currency won't fix Iran's underlying economic issues, analysts say
Lower oil prices and the Covid-19 outbreak have added to the challenges faced by a sanctions-hit country
Gulf Marine Services rejects takeover approach from shareholder Seafox
The company described the offer from Seafox International as 'wholly opportunistic'
NMC Health: UK watchdog launches probe into audit
Financial Reporting Council is investigating EY's handling of the company's last set of full-year accounts
US law firms file class action suits against NMC Health
The filings make a number of allegations, including that the company lacked effective internal controls
NMC Health founder BR Shetty says he's a victim of fraud and vows to clear his name
Executive blamed actions on 'a small group of current and former executives' at a number of his companies
NMC founder BR Shetty claims to be victim of a fraud
Former executives set up bank accounts, transferred funds and even started companies without his knowledge, he claims
ENBD Reit to reposition its portfolio by focusing on 'alternative' assets
Logistics and healthcare properties should offer longer leases and more stable revenue streams, manager says
Contractors incur extra costs and face delays due to Covid-19
Builders call for introduction of standardised contracts and fear that project owners may not take responsibility for additional risk
Covid-19 outbreak will have long-term impact on commercial real estate, says BlackRock head
Larry Fink says return to fully staffed offices unlikely amid permanent change to working patterns
New global debt deal needed to help poorer countries avoid 'economic disaster' after pandemic
Developing countries face $3.4tn debt servicing bill over the next two years
Travelex up for sale amid woes at its parent firm Finablr
Struggling currency business owned by BR Shetty's Finablr Group invites offers from potential bidders
