Articles
China's services sector swings to growth in May for the first time since January
The rate of expansion was the steepest recorded since October 2010, which companies attributed to the easing of lockdown measures
Arab world's three largest economies improve as pandemic restrictions ease
The Purchasing Managers' Indexes of Saudi Arabia, the UAE and Egypt showed an improvement as business activity picks up with the rollback of lockdown measures
Capital flows to emerging markets down 78% in May amid pandemic
Flows to emerging markets dropped to $4.1bn last month, the Institute of International Finance says
Developing world faces risk of long-term economic damage due to Covid-19 , World Bank says
Private investment flows to emerging markets could also take a hit due to the outbreak
Tim Clark: Airlines are not out of the woods and need all the help they can get
Those already bailed out by some governments are still at risk of failing in the short term
ADIB appoints interim chief executive as group CEO steps down
Sandeep Chouhan, ADIB's current group chief operating officer, will oversee the bank until a permanent replacement is found
‘Now is the time to be bold’, Emaar chairman Alabbar tells UAE retailers
Retailers in the UAE need to accelerate the diversification of their businesses and enhance their digital capabilities
France's Natixis enters Saudi Arabia to expand regional footprint
The bank will offer investment banking and capital market products to clients from its Riyadh office
More lay offs in aviation industry as pandemic continues to wreak havoc
Boeing, American Airlines, easyJet and Kuwait Airways are among the latest industry players cutting staff
Boeing cuts 6,770 jobs as it looks to reduce costs
Layoffs in Boeing’s international operations will be communicated separately, company says
Amanat looks to trim costs and continue to eye growth opportunities despite headwinds
Owner of Dubai's Middlesex University site says strengthening its balance sheet is a top priority
Investcorp closes €340m fund to invest in Italian non-performing debt market
Italian NPL Fund II will invest in distressed loans secured by residential and commercial real estate in the European country
Mubadala ties up with Honeywell to make N95 masks in Al Ain
Annual production of 30 million masks will make the country go from importer to exporter after meeting national needs.
Mashreq provides help to a quarter of its retail clients through Covid-19 scheme
The lender says most requests are for payment holidays on credit cards and personal loans
Accor expects UAE and Saudi Arabia to lead tourism comeback in region
The two biggest Arab economies are likely to bounce back within 18 to 24 months once aviation operations pick up
