03/03/2022
UAE Central Bank approves creation of 5,000 jobs for Emiratis in banking, insurance sectors by 2026
During the meeting, Sheikh Mansour was briefed on the progress of the implementation of plans
Research, Comment and Analysis
03/03/2022
UAE's business sentiments show 'marked improvement' in Feb on rising customer demand
Latest PMI numbers show businesses citing higher orders coming through
03/03/2022
CEO Mally Bitzur-Parnes on Tefen’s 40 years in business
In the past year and a half of the corona pandemic, Bitzur-Parnes has seen first-hand how successful companies and individuals have adapted to the challenges presented by the pandemic.
03/02/2022
Saudi Arabia’s public debt sees quarterly decrease
The fall in public debt was driven mainly by the $5.52bln repayment of external debt
03/02/2022
Emirati's passion for modern technology surpasses global markets
According to a study conducted by Toluna
03/01/2022
PwC reports hightlights trend in Qatar’s real estate sector
The Real Estate Price Index (shown in the figure below) reached 223.54 in October 2021.
03/01/2022
Dubai tops 100 international cities in luxury homes price rise: Knight Frank
Dubai saw seven years of negative price growth with overall prices still 30 percent below their 2014 peak.
03/01/2022
Saudi Arabia's actual budget deficit in 2021 narrows to $19.6bn
The deficit for the fourth quarter alone was SR68.1 bn as the results were little changed from what the government announced in December.
03/01/2022
Large UAE banks to attain pre-pandemic level profitability in 12-18 months: Moody’s
"The four largest banks’ profitability rebounded to near pre-pandemic levels in 2021, largely reflecting robust non-interest income and softening loan loss provisions."
03/01/2022
Turkey’s banks may need capital increase, Fitch Ratings says
The capital injections may be needed for more of the country’s banks
02/28/2022
US-listed Brookfield to buy 60% of First Abu Dhabi Bank’s payment subsidiary
Proceeds from the sale will be used to support the Abu Dhabi lender's growth plans
02/28/2022
Return of margins: UAE banks see good times ahead
Rising interest rates and higher loan demand to boost loan yield
02/28/2022
GFH's rating affirmed and outlook revised to positive by S&P
Ratings supported by resilient revenue generation and improved business performance
02/25/2022
Qatar’s strong banking sector
QIIB’s total revenues rose to QR2.45bn by the end of the year, total assets reached QR61.8bn and total deposits at QR38.4bn, with a growth rate of 6.3 percent.
02/25/2022
Tamkeen Strategic Partner For IFID
The remainder of the Forum will comprise two dynamic and interactive panel sessions, with the first looking at the Forum’s theme.
02/23/2022
73% of Saudi Arabia's HNWI's want to buy a new home in the next 12-months
50% will be looking for a villa
02/23/2022
Why Middle East clients are turning to Guernsey for philanthropy
Charitable giving in the Middle East is part of the fabric of society.
02/22/2022
Banks post impressive growth last year
Banks’ strong growth during last year was driven by improvement in economic condition.
02/21/2022
Boursa Kuwait plans to list 8 family-owned firms to expand trading
Several companies are expected to list this year and family-owned companies are rearranging their investments for the purpose of listing in two years: Boursa Kuwait CEO
02/21/2022
Fintech Investments in Egypt Surged Over 300% in Past Year: Report
The report revealed that FinTech in Egypt has “grown at a rapid pace over the last few years.”