03/22/2021
S&P Global Ratings estimates that rated banks in the GCC can absorb a shock of $31 billion-$45 billion in aggregate with a limited automatic effect on the assessment of capitalisation
03/19/2021
The sultanate also prohibited the entry of passengers who departed from or transited through the UK in the past 14 days
03/19/2021
Financial soundness indicators remain healthy, boding well for future performance
03/19/2021
The Saudi Central Bank came out proactively with the stimulus programme to support borrowers and simultaneously helped banks to accelerate their digital journey for ensuring continuation of all banking services without physical interaction with customers.
03/18/2021
While overall value of tenders dropped 14%, Ministry of Health spending soared in fight against COVID-19
03/18/2021
But also an important factor is the need to respond to the rising threat and competition of fintech companies, says Samih Abutaleb, group head of digital transformation at AUB in Bahrain.
03/18/2021
Data has evolved dramatically in recent years in type, volume, and velocity which led to new ways of collecting and storing this data.
03/17/2021
Rising demand for wealth management services among Middle Eastern women
Founded in Singapore in 2016, StashAway has clients in 145 countries and has so far raised $36.4 million in four funding rounds
03/17/2021
After a Down Year, Dubai Sees Few Luxury Building Launches in Coming Months
The desert city pins hope on 2021 to be a better year for the real estate industry
03/17/2021
UAE gross bank assets up to $863.6bln by end of January
Gross credit in the banking system grew in January 2021
03/17/2021
GCC holds a positive outlook on the future of work - PwC Middle East survey
COVID-19 has accelerated digital upskilling and the growing impact of technology on workforce in the GCC
03/16/2021
The KPMG report answers to post-pandemic era questions, reflecting on lessons learned in the field of operational resilience, digital transformation and internal control.
03/16/2021
In particular family businesses and small and mid-sized businesses are said to be facing the brunt.
03/15/2021
Most HNW families want to set up structures in jurisdictions with an excellent reputation and compliance framework.
03/15/2021
Will Gulf banks suffer from ‘long-COVID?’
The regional real estate sector is likely to remain subdued with Dubai’s supply overhang preventing any short to medium term recovery.
03/14/2021
These factor swill weigh on bank's asset quality with non-performing loans expected to increase, as well as on profitability, with some banks expected to post losses in 2021.
03/12/2021
Banks have to comply with an 'individual’ request / consent to share their bank account details.
03/12/2021
The changes in the investment portfolio have also alleviated previous pressures on capital adequacy and liquidity.
03/12/2021
In its report on the UAE’s sovereign credit profile, Moody’s pointed out that the country’s credit strength is supported by a high GDP per capita, as well as by its internal stability and strong and broad international relations.
03/11/2021
The reforms were championed by the UAE’s Federal Competitiveness and Statistics Authority in collaboration with the Gender Balance Council, Ministry of Justice, Ministry of Human Resources and Emiratization, and Ministry of Community Development.