05/31/2022
Dubai’s housing supply to hit nearly 700,000 by end of year: JLL
Over 40,000 flats, villas scheduled for completion over remainder of 2022
Research, Comment and Analysis
05/30/2022
Dubai’s creative economy ranks top in FDI draw in 2021
These results reflect the maturity and stability of the investment environment in the emirate’s creative economy.
05/30/2022
Luxury retailers ramping up new store openings in Dubai and Saudi
After seeing over €50 billion wiped off from its market value in 2020, last year the market rebounded to a total spend of €283 billion – a new record.
05/26/2022
UAE, Gulf economies will be relatively insulated from any global recession
Hikes in interest rates will be a dampener and so will inflation
05/24/2022
Saudi billionaire prince to sell 16.87% of firm to sovereign fund
He was rounded up with more than 300 other prominent Saudis in the anti-graft campaign and held at the Riyadh Ritz-Carlton.
05/23/2022
Fitch affirms Bank of Sharjah's 'BBB+' rating; outlook stable
Affirming Bank of Sharjah's rating reflects the bank's strong market position and franchise that is supported by access to Sharjah-government businesses and projects, according to a press release on Sunday
05/20/2022
Egyptian banks’ net foreign assets to recover after devaluation
Higher interest rates will support the banks’ profitability but, along with high inflation, could put pressure on asset quality
05/19/2022
Here’s what you need to know before Tadawul trading on Thursday
Saudi Real Estate Co. received shareholders’ nod to raise capital to SR3.7 billion
05/19/2022
Saudi business leaders honored at the Top CEO forum in Dubai
Around 100 CEOs from the Gulf Cooperation Council listed companies received the Top CEO awards
05/18/2022
Al-Rajhi Bank tops YouGov’s Biggest Brand Movers of Ramadan 2022 in KSA
Communication from finance and insurance brands seem to have widely reached the public with brands noting great improvements to their Ad Awareness scores this festive season
05/17/2022
Gulf Steam: economies in the region gather pace
Emerging markets are having a tough 2022. Soaring food and energy prices, higher US interest rates, and slowing global growth and trade have come hot on the heels of Covid-19.
05/16/2022
Gulf International Bank achieves 62% increase in first quarter net profit
GIB reported a net profit of $12.8 million for the first quarter of 2022 attributable to the shareholders of the parent
05/15/2022
How consumers can protect themselves from buy now pay later fraud
Fake account set-up using stolen card details and identities is one of the most common fraud used in buy now pay later payment methods
05/14/2022
Key role for Bahrain’s banking sector in driving ESG agenda
Jean-Christophe Durand, CEO, National Bank of Bahrain said would strengthen NBB’s plans to further extend its reach into other GCC countries, including Saudi Arabia and the UAE.
05/11/2022
How post-Covid economic recovery is improving the profitability of Saudi Arabia’s top 10 banks
All of the top 10 Saudi banks reported growth as the aggregate loans and advances (L&A) grew 14.2 percent year-on-year in FY 2021
05/11/2022
87% of UAE IT decision-makers agree their organizations’ enterprise data strategy is key to effective hybrid workforce
Senior business decision-makers cite next-gen technology & infrastructure will help meet existing & emerging data strategy & hybrid needs
05/11/2022
President Kenyatta Calls for Enhanced Cooperation Between Kenya and the UAE
The UAE delegation was led by the Gulf nation’s Minister of State Sheikh Nahyan bin Shakhboot Al Nahyan who was accompanied by the Crown Prince’s Economic Adviser Abdul Rahman Neyadi among other UAE Government officials.
05/11/2022
Higher lending drove Saudi top banks' profitability in 2021: Report
The profitability ratios in financial year 2021, such as return on equity and return on assets, increased by 11.4 percent (from 10.9 percent) and 1.7 percent (from 1.6 percent), respectively.
05/10/2022
Saudi Arabian Banks Recovering Well from Pandemic Pressures
The sector’s economic activity is recovering well, supported by soaring oil prices that underpin government spending.
05/09/2022
UBS Investor Sentiment: Investors Concerned About the War Yet Stay the Course with their Portfolios
The survey found business owners tempering their hiring and investment plans and are focusing on increasing their employee benefits, IT spending and upgrading talent.