COVID, low oil prices and the liquidity crisis have all come together in a perfect storm
Move can incentivise 'greater business participation'
Kuwaiti companies will enter the popular emerging-market stocks benchmark compiled by MSCI Inc this month.
MSCI is due to unveil its semi-annual index review on Tuesday
Kuwaiti companies will enter the popular emerging-market stocks benchmark compiled by MSCI Inc. this month.
MR Raghu pointed out that Islamic banks still entered the current pandemic in a very good position in terms of asset quality, profitability and capitalization...
Some economists predict that Democrats and Republicans are unlikely to agree on a stimulus deal before the November 3 elections.
The cash-strapped govt said last month that from January it will no longer renew work...
Like its Gulf neighbours, Kuwait depends heavily on cheap foreign labour, mainly Middle Eastern and Asian workers.
Times of India
Financial institutions' performance to largely depend on economic rebound
The Lebanese pound has already lost more than 80 per cent of its value since October last year.
The Indian stock markets witnessed choppy trend as they traded in negative in mid-day trading.
GCC-based countries are drawing down their foreign exchange reserves to protect their dollar pegs and tapping global debt markets for record amounts, along with corporates.
UAE and GCC companies will report a significant drop in their second-quarter earnings due to higher provisions and lower revenues in the wake of the Covid-19 crisis, according to experts.
Market insiders and analysts anticipate that hospitality, retail, real estate, construction, banking and commodity-based companies will report up to 50% decline in their second-quarter profits.
Kuwait’s main equity index led losses in the Gulf after the country’s ruler was hospitalized over the weekend and S&P Global Ratings downgraded the prospects for the economy.
The coronavirus-induced market correction is only temporary, reassure wealth managers
M.R Raghu, said that although the GCC construction market continued to remain buoyant, with projects worth $17.5bn announced in February 2020 alone, the supply of materials was bound to face constraints.
Although distress sales and deals abound in the market, beware of price volatility and falling yields
The IMF predicted last week that coronavirus would likely cause the greatest global recession in nearly a century
The Middle East is facing a long and “ugly” recession as the coronavirus pandemic stifles economic activity, experts said.
Economic optimism across the six countries of the Gulf Co-operation Council (GCC) is in short supply going into the second quarter of 2020.
Emerging Markets economies facing severe stress resulting from health crisis: S&P
The evolution of Kuwait’s capital markets has illustrated the country’s economic transformation of the past 10 years.