02/24/2020
While much of the world’s attention is rightly focused on the human toll of COVID-19 – including the 1,873 deaths reported as of 18 February – the economic toll of the outbreak also has potentially disastrous implications.
02/24/2020
This is because we believe the central bank does not want banks to release general provisions, but prefers to keep them as a buffer against potential future risks.
02/23/2020
This was partly owing to its stand-out performance in 2018, when the Middle East recorded by far the most dynamic net worth gains of any region.
02/20/2020
A team of IMF experts will visit Lebanon from February 20-23 to meet with authorities on economic challenges and provide broad technical advice “on policies to deal with the macroeconomic challenges facing the economy.
02/20/2020
The conference will have discussions distinctly on directing the Islamic financial institutions towards investing in sports sector and the mechanisms and controls of financing and investment operations in this important sector.
02/20/2020
The sixth edition of the biennial Financial Secrecy Index sees Switzerland reduce its ranking to the third biggest enabler of financial secrecy in the world.
02/20/2020
Lower oil prices may actually improve the longer-term prospects of redefining the position of the most populous Arab countries in the global division of labor.
02/20/2020
Making sure that money is put to good use is crucial and getting financial advice can be the essential ingredient if a person is to achieve their monetary goals.
02/19/2020
Surgical masks have gone out of stock in supermarkets and pharmacies all over the world, while desperate consumers searching online for masks have reported incidences of profiteering and scams.
02/19/2020
IMF managing director Kristalina Georgieva said that gender equality could add $172bn to the world economy
02/19/2020
The Minister indicated that the government depends on the industrial sector to diversify the economy and bring about real growth to achieve targeted development in the industrial and mining sectors.
02/18/2020
While many of the region’s banks have begun to evolve from conventional banks into wider financial services providers, there is still much work to be done in terms of financial inclusivity.
02/18/2020
PwC stressed that the economic reforms would help achieve more sustainable, inclusive and private sector-led growth which will help create jobs
02/17/2020
Most MENA professionals are focused on improving aspects that have a direct impact on their professional lives
02/16/2020
Under SAMA's proposals, insurance companies and banks will have to enter into a contract with one another to manage these bancassurance arrangements and an insurer will need to obtain approval from SAMA to offer their products through the banking mod
02/16/2020
The number of people with wealth of between $5m and $30m edges up by 1 per cent, says Wealth-X
02/14/2020
They are needlessly harming client interests by drowning them in paperwork
02/13/2020
Business leaders more upbeat about country's growth prospects
02/12/2020
These reforms are expected to have long-term positive impacts on business sentiment, tourism volumes, FDI and the talent pool the UAE can attract and retain.
02/12/2020
Having the right IT support helps businesses avoid the dent in profits and maintain the impression on clients.