06/05/2022
HSBC says Dubai is ideal base to tap into new growth across the region
The bank’s group chairman met recently with Sheikh Maktoum bin Mohammed, Minister of Finance and deputy ruler of Dubai
Research, Comment and Analysis
06/02/2022
New age banking summit surveys declare National Finance as ‘Best NBFC’
As one of the most sought-after awards in the industry, the survey follows stringent guidelines, thorough analysis of different factors, and require NBFCs to adhere to a host of distinct criteria
06/01/2022
"I will also be focused on furthering our footprint into the non-super sector, including the insurance, endowment and the emerging institutional sectors."
52% of surveyed CEOs in the Middle East say increasing sustainability is a top priority – up 22% since 2021
06/01/2022
Fitch Affirms SAIB at 'BBB+'; Outlook Positive
SAIB's VR reflects the bank's modest franchise, weaker asset-quality metrics than those of peers, high balance-sheet concentrations and an adequate funding profile, albeit less stable than that of peers.
06/01/2022
Dubai Billionaire Sajwani Buys Bankrupt Swiss Diamond Jeweler
The company was founded in 1993 by former Bulgari SpA executive Fawaz Gruosi and is known for its signature black-diamond jewelry.
05/31/2022
The Middle East Leads a Winning Streak in Asset Management, with Retail AuM Shaping Growth in the Region
Middle East exchanges have already shown a strong performance, indicating that investors investing in the regional markets, will comparatively fare better than investors into global markets.
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
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.