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Insights

MATTA believes that Malaysia’s Aid to the Tourism Industry will not Benefit in the Long-Run

The Government of Malaysia has announced a financial aid package for tourism’s most vulnerable operators. The one-off payment of MYR 600 (USD 139) will be provided to registered tour bus drivers, taxi...
IM Insights | April 03, 2020

Moody’s: Kuwait could Witness a Downgrade of its Aa2 Long-term Issuer Rating

Moody's Investor Service (Moody’s) has positioned Kuwait under review for a downgrade of the country's sovereign long-term issuer ratings, significantly limiting the ability of the Kuwait Govern...
IM Insights | April 03, 2020

Economists Expect the UAE and KSA to Fare better than the Broader MENA Region during Challenging Times Ahead

Although the economies of United Arab Emirates (UAE) and Kingdom of Saudi Arabia (KSA) have slowed-down in response to the ongoing macroeconomic challenges, financial experts forecast positi...
IM Insights | April 02, 2020

Remittance Inflow in Bangladesh to fall sharply

Remittance Inflow in Bangladesh to fall sharply
According to a report by United News Bangladesh (UNB), in addition to the hit on export earnings, Bangladesh’s economy is likely to experience another major shock in future d...
IM Insights | April 02, 2020

S&P: Coronavirus Pandemic would negatively Impact the Gulf Insurers’ earnings

S&P Global Ratings (S&P) stated that the spill over effects from the Coronavirus outbreak and plummeting oil prices are likely to affect earnings of Gulf insurers, hin...
IM Insights | April 02, 2020

Selangor Zakat Board’s Covid-19 Special Aid Fund to be Fully Distributed on 3rd April 2020

On Friday the 3rd of April 2020, Malaysia’s Selangor Zakat Board (LZS) will be fully distributing the Covid-19 special charity aid fund, set up with a value of...
IM Insights | April 02, 2020

Pakistan’s Federal Cabinet Approves PKR 700 Billion Domestic Sukuk Issuance

The Pakistani federal cabinet approved a domestic Sukuk issuance valued at PKR 700 billion on Tuesday (the 31st of March 2020), with the objective&nbs...
IM Insights | April 02, 2020

RAM Ratings: Malaysian Banks have Capacity to Withstand Stresses on Asset Quality

The Banking Scoreboard and Islamic Banking Scoreboard of RAM Rating Services Berhad (RAM Ratings) indicated that banks in Malaysia have capacity to wi...
IM Insights | April 02, 2020

Tadawul to be Open for Listing of Government Assets

On Tuesday 31st March 2020, the government of Saudi Arabia issued the green-light for privatising government assets by listing them on the Saudi Stock Exchange, Tada...
IM Insights | April 02, 2020

UAE’s ADIB Increases Foreign Ownership Limit to 40%

Shareholders of the United Arab Emirates (UAE)-based Abu Dhabi Islamic Bank (ADIB) have given approval to increase the foreign ownership limit (FOL) from 25% to 40%, in response to...
IM Insights | April 01, 2020