Stage is set for government and central bank to come up with immediate incentives
Jobless rates have spiked in the UK despite an earlier move by government to prevent it from happening. But without the furlough scheme, it could have...
They should head back to some semblance of normal within two years
Current oil consumption is at 2013 levels, but there are signs of demand returning, says UAE oil minister
Abu Dhabi: Oil production limits adopted by a group of major...
Even with lockdowns easing, demand gains have not been that substantial to date
Oil demand is likely to record its biggest ever decline through the rest of the year. Even massive production cuts are yet to help stabilise demand.
Abu Dhabi:...
It will offer line-of-credit to meet operating expenses for up to three months
Small and mid-sized Saudi industrial firms will be able to cover their operational expenses for up to three months through tapping the new aid package.
Riyadh: Saudi Arabia...
Ramzi Cheaib reflects on his 38 years in the emirate and its resilience
In the midst of this global pandemic, I have been flooded with articles about Dubai. They often have headlines that echo the phrase: “Dubai is finished”.
I have...
The Filipina, who lost her job last year and received a repayment break for April and May, has still not found a new role
I have a loan with a bank in Dubai and have always made my repayments on time....
Demand for crude is set to drop by 8.1m bpd in 2020 marking the largest decline in history
Global oil demand is not expected to recover until 2022, the International Energy Agency said in its latest oil market report.]
Demand for...
The BOJ kept monetary settings steady, signalling that it has taken enough steps to support growth for now
A man wearing a protective mask walks past the headquarters of the Bank of Japan. The Japanese central bank has increased the...
The two Muscat-based lenders are set to proceed with a deal to create an institution with a combined asset base of over 3.2bn rials
Oman Arab Bank (OAB) will acquire the entire issued share capital of the Muscat-based Alizz Bank...
The combination of fiscal and monetary policy has rallied risk appetite and seen equities move higher
Over the past two weeks, the Dow Jones rallied to 27589, which meant the entire coronavirus sell-off was recovered in early June. Markets were...
