07/11/2019
“In a modest stress case, the UAE banking system displays the highest resilience in the GCC. There are no funding gaps for the UAE banks and they have a strong net external asset position,” Benjamin J Young, director at S&P Global Ratings
07/10/2019
For someone unschooled in the events of the last decade, yields at these levels would seem to indicate the onset of a recession of note or at least some other systemic event of dire consequence.
07/09/2019
On the potential implications for banks and sovereigns in the GCC in a hypothetical scenario, the global ratings agency assumes that 25 percent of total foreign interbank deposits and 40 percent of foreign customer deposits would leave the GCC countries.
07/08/2019
Forbes Middle East releases its 7th annual ranking of the region's most impactful Indian leaders
07/08/2019
Entrepreneurship continues to be a growing trend in MENA.
07/07/2019
Growth is likely to be led by Warba Bank, which is projected for a 35 percent surge in profits, Al Qamr added.
07/07/2019
The bank, owned by the Iraqi government and with assets of around $30 billion, helps fund about 80 percent of the trade finance business in Iraq.
07/06/2019
The global financial services community is also keenly aware of climate change, and many professional money managers are now looking for ways to integrate environmental, social and governance
07/04/2019
Could a recent US-sponsored meeting on Middle East business help relations between Israel and Palestine?
07/03/2019
Common ownership of financial institutions has driven most mergers and acquisitions in the region so far
07/03/2019
The UAE banking system has the largest value of assets in the Mena region, and at the end of March 2019, their total assets stood at some Dh2.9 trillion.
07/03/2019
Khatija Haque, head of Mena Research at Emirates NBD, said the recent PMI surveys indicated that growth in the UAE's private sector has accelerated in second quarter 2019.
07/03/2019
The government, still the main employer for the kingdom’s nationals, has added more than 20,000 jobs for Saudis since the third quarter of last year, when the statistics service started reporting the breakdown by sector.
07/03/2019
Critics of the recent economic summit in Bahrain—at which White House adviser Jared Kushner presented the Trump administration's "Peace to Prosperity" plan—pointed to the absence of key Palestinian and Israeli politicians
07/02/2019
See who is in – and who is out of – the 7 per cent Club
07/02/2019
As competitors pull out of emerging European, Middle Eastern, and African markets, Bank of America Merrill Lynch is cementing its status as the region’s top research provider.
06/26/2019
Buying a home in the UAE can save you money in the longer run as property prices drop
06/26/2019
The Middle East however was the only region worldwide not to have witnessed slowed growth against the 2013 to 2017 figure.
06/25/2019
The luxury Airlander 10 can accommodate 19 people for trips of up to three days
06/25/2019
The growth of banking assets has also slowed down in almost all core Islamic finance markets.