EDINBURGH, UK: LendingCrowd, the fintech SME lending platform, has closed a funding deal with Barclays Bank and a large global investment firm to support SMEs across Britain as they recover from the coronavirus pandemic and return to growth, a bourse filing said. The funding will be delivered via the British Business Bank’s Recovery Loan Scheme…
All posts tagged Pandemic
UAE market remains optimistic on an economic recovery in 2021
DUBAI: The global reopening theme bode well for hard hit UAE indices as Dubai Financial Markets (DFM) index finished January up 9.4% while its Abu Dhabi peer rallied 12.2% over the same period. “We remain optimistic on an economic recovery in 2021, especially as the country continues to handle the pandemic crisis with vigilance,” Al…
AM Best-rated debt issuance surges over 30% from 2019 amid pandemic
OLDWICK: Total debt issued among AM Best-rated insurers increased 31% to $56.0 billion during the 12-month period that concluded Sept. 30, 2020, as insurers responded to the potential negative impacts from the COVID-19 pandemic. Debt issuance among this group in the first half 2020 vastly outpaced that same prior-year period, with the period between March…
Shell Pakistan’s quarter results impacted during pandemic
ISLAMABAD: The Board of Directors of Shell Pakistan Limited (‘SPL’) announced the first quarter results for the company on 20th May. The company posted an after tax loss of PKR 4,332 million compared to the profit of PKR 257 million made in the same period last year. The quarter has been greatly affected by the…