The Dubai International Financial Centre (DIFC), the emirate’s offshore financial services hub, said it will reduce the cost of doing business to attract more companies during the economic slowdown.
Kuwait recorded a budget surplus of 6.44 billion dinars ($22.3 billion) in the fiscal year that ended March 31, according to data posted on the Finance Ministry website today.
An investor from the UAE is interested in buying a 10% stake in National Bank of Kuwait, Al-Qabas reported
Moody's downgraded Bahrain's local and foreign currency government debt ratings on Monday by one notch to A3, citing a deterioration in the Gulf state's fiscal flexibility to meet potential banking sector liabilities.
