04/17/2023
Qatar’s annual inflation surges 4.01% in March 2023
The Consumer Price Index of March 2023, which is a broad measure of inflation, reached 105.55 points, up by 0.20 percent compared to February’s CPI.
Research, Comment and Analysis
04/14/2023
Four new special economic zones to be established in Saudi Arabia
They will support existing national strategies and create new links with international frameworks
04/14/2023
Google survey: About half of company executives say economic headwinds slowing green push
Difficulties in measuring ESG impact and lack of effective organisational structures hampering companies' sustainability efforts
04/12/2023
Saudi, UAE banks rank highest valued in Middle East: Forbes
Gulf Cooperation Council (GCC) countries took 41 places, or 82%, of the list of the 50 highest-valued banks in the Middle East and North Africa.
04/12/2023
Qatar Central Bank foreign reserves surge 11.8% in March
The figures issued by the Qatar Central Bank showed an increase in its official reserves at the end of February, compared to what it was at the end of the same month last year, by about $6.55bln
04/12/2023
The BIBF launches sustainability and climate risk certificate exam preparatory programme
With a focus on Sustainable Finance and ESG Factors
04/11/2023
Middle East is a rare ‘global sweet spot’ for M&A in 2023 – PwC
The Middle East’s transformation story, powered by new technologies, is increasingly compelling for regional and global dealmakers, the global consultant said in a report
04/11/2023
UBS: Middle East Family Offices Eye Hong Kong
The bank’s outreach to clients includes familiarizing them with new local measures including a revamped investment-based migration scheme, tax incentives and upcoming art storage facilities.
04/04/2023
KPMG: Despite increase in cost of funds and liquidity constraints, Saudi banking industry reported robust growth in 2022
Saudi banking sector indicated increase in net profit by 28%, reaching SAR 62.71 billion
03/29/2023
Family businesses contribute 60% of UAE’s GDP: KPMG
It also aims to help them have smooth succession plans to guarantee their growth and sustainability.
03/29/2023
Bahrain's economy grew by 4.9% last year, the highest since 2013
It was led by 6.2% jump in non-oil GDP
03/28/2023
UAE banking sector to remain stable in 2023 – KPMG
Net industry sentiment has also improved, climbing from -14.4% to -7.4%
03/22/2023
UAE launches family office group to support wealth transfer
UAE launches family office association to support wealth transfer
03/22/2023
Moody’s affirms Abu Dhabi’s Aa2 rating, maintains stable outlook
The rating agency expects that Abu Dhabi’s balance sheet will remain very strong and its net creditor position very large for the foreseeable future
03/21/2023
Asia and Middle East family office trade bodies join forces
In a bid to develop the industry across both regions
03/17/2023
Abu Dhabi, Dubai score high in happiness survey
Report finds that residents of the emirates have a 'strong sense of belonging and attachment to their city'
03/16/2023
Pace of hiring at UAE companies to slow this year after a bumper 2022
In face of recession, companies now have to retain talent, keep costs down, says Bayzat
03/14/2023
Saudi Arabia's banking sector soars in 2022, poised for continued growth in 2023
Profit after taxes and payments for the Saudi banking sector grew at 7.9% CAGR driven by strong revenue growth – recorded at 9.1% CAGR since 2016
03/13/2023
Dubai: Over 60% of millionaires prefer to use the emirate as their primary residence
Dubai has been a haven for millionaires in the past few years who migrated in large numbers to the emirate during and post-pandemic
03/09/2023
Moody’s expects rise of M&A activity in GCC
The largest five banks in each GCC economy have a combined market share of 60-90 percent of sector loans as of June 2022.