#finance

Dubai’s DIFC says employers can reduce pay during Covid-19 crisis without employee consent

The new directives will remain effective from April 21 – July 31, 2020

Saudi wealth fund seeking ‘any opportunity’ amid virus

The Public Investment Fund has stepped up deal-making in a bid to become the world’s biggest manager of sovereign capital

Expired Emirates IDs will be valid for banking transactions in the UAE

The country’s central bank also instructed all banks to consider entry permits issued to expats in the UAE from March 1 – December 31, 2020 to be valid

Abu Dhabi GDP hits Dhs620bn for first nine months of 2019

The emirate’s GDP grew 4.6 per cent, up from around Dhs592.9bn in the first nine months of 2018

Abu Dhabi’s ADIB looks to save Dhs500m by cutting jobs, shutting branches – report

Abu Dhabi Islamic Bank is reportedly planning to close local and international branches

Revealed: Top 10 companies in Kuwait in 2017

The biggest listed companies in Kuwait by market capitalisation

Revealed: Top 50 GCC banks

Gulf Business reveals the 50 biggest banks in the GCC as ranked by total assets

Revealed: Top 100 most powerful Arabs 2017

Prince Alwaleed Bin Talal Alsaud, founder and chairman of Saudi’s Kingdom Holding Company, topped the list

Top 50 GCC Banks 2015

The GCC banking sector had a good year in 2014 with higher profit growth and…

Egypt Requests $4.8bn IMF Loan

The country made a formal loan request to the International Monetary Fund during a visit to Cairo by IMF chief Christine Lagarde.