10/05/2020
Why the rich and the famous invest in the UAE
Nation among top 10 that witnessed highest inflows of millionaires last year, also becomes wealthiest country in region
Research, Comment and Analysis
10/02/2020
Qatar Centre for Global Banking and Finance at King’s College London launches new executive education programme for QCB
The centre was formed following a “generous” donation from the QCB with the aim of developing cutting-edge research and research-led education to address the challenges faced by central banks around the world.
10/02/2020
GCC Islamic asset managers stay resilient
According to the Global Islamic Finance Markets Report, Shariah-compliant assets represent a significant portion of total banking assets of the GCC.
10/01/2020
Qatar expected to retire debt using accumulated contingency reserve funds, says Moody’s
The increase in government debt during 2018-19, prior to the coronavirus shock, Moody’s noted “was exclusively due to the government’s decision to borrow in excess of its budget financing needs.”
10/01/2020
Deep Dive: Why The Pandemic Is Pushing MENA Regulators To Upgrade Open Banking, Privacy Laws
The Dubai International Financial Centre ratified the original version of its Data Protection Law (DPL) in 2007, for example — about a year earlier than Europe’s official General Data Protection Regulation (GDPR) and first Payment Services Dir
09/30/2020
Bringing the money back home
Safeya Mounir looks into the cause of higher-than-expected remittances from Egyptian expatriates abroad
09/30/2020
UAE still among most preferred destinations for ultra-wealthy
But there could be exodus of millionaires in short term due to COVID-19, says New World Wealth
09/30/2020
UAE banks target Lebanese peers' units in growing Egyptian market for M&A
The banking sector is seen as having sizeable potential, with a vast unbanked population
09/29/2020
UAE consumers expect a cashless society by 2030
Almost two-thirds of people in the UAE (64% in the UAE and 64% globally) expect the country to go fully cashless
09/29/2020
Fintech Professional Claims that Digitization of the UAE Economy is Being Led by Individual Consumers, Not Service Providers
As reported by Gulf News, Iyer also mentioned that the UAE’s modern infrastructure has created the ideal environment for launching a digital banking platform.
09/28/2020
Slippage in September By Gary Dugan
The global economy and markets continue their correction from the strength seen earlier in the summer.
09/27/2020
The European nobleman behind Dubai's new invite-only business club
Count Oliver of Wurmbrand-Stuppach launches Ambassadors Club in Dubai after months of delays caused by the coronavirus pandemic
09/27/2020
UAE private bank deposits rise by $4.2mln in 3 months amid COVID-19 uncertainty
Consumers have become 'thriftier' due to pandemic, says UAE central bank
09/25/2020
Turkey hikes interest rate for first time since 2018
Economists attribute the current downturn to the coronavirus pandemic and a drop in Turkey’s foreign currency reserves.
09/25/2020
Sharjah issues new guidelines for travellers, residents can now return without prior approval
Travellers must present negative Covid-19 results prior to boarding and take another test upon arrival in Sharjah
09/25/2020
Female employment in top Mena companies low but improving, JP Morgan says
Women form only 4% of total board members in the top 50 Mena companies compared to about 35% in an index of European listed companies
09/24/2020
UAE's GDP growth for 2020 to contract by 5.2% - Central Bank
The non-hydrocarbon GDP in Q2 is estimated to have declined by 9.3% Y-o-Y, after a drop of 2.7% in Q1
09/24/2020
Singapore among countries likely to recover first; global economic recovery slated to stretch to 2023 and beyond: S&P Global Ratings
Singapore, along with China, Canada, Hong Kong, South Korea, and Saudi Arabia are among the banking systems that are likely to recover first from the Covid-19-induced economic downturn, says S&P Global Ratings. The ratings agency, in a report dated S
09/23/2020
What Are The Go-To Jurisdictions for Wealthy Middle Easterners and Why?
As a result Cayman remains a favourable jurisdiction providing substantive offshore structuring solutions for the region.
09/22/2020
Fund raising for Lebanon: Julius Baer Cares and Julius Baer Foundation support emergency relief efforts
The funds will be equitably distributed among the Lebanese Red Cross, the Lebanese Hospital Geitaoui, the Saint George Hospital University Medical Center and the Assameh Birth and Beyond Pediatric Unit in Karantina Hospital.