08/07/2020
‘Saudi Arabia is where the opportunities will happen in future’
Wild Geese: Michael Gilmore, Riyadh
Research, Comment and Analysis
08/06/2020
UAE business conditions improve for the second month in July
Output and new business rose in last month with subdued output growth
08/06/2020
Beirut is scarred forever, says top tech startups UAE investor
This "Hiroshima mushroom-like" explosion has killed and wounded 5,000 persons and has displaced 300,000 others, these are now left without a roof over their head.
08/05/2020
Kuwaitization gathers momentum: 50% of expats working for subcontracting firms to be laid off
Expatriates working as experts in the ministries will be terminated gradually in a way not affecting the workflow
08/05/2020
2020 IBM Report: Average cost per data breach incident in the Middle East stands at $6.53 Million
Healthcare, financial services and technology top the list as the most expensive industries for data breaches in the Middle East
08/04/2020
Global oil demand outlook is improving but downside risks persist, says NBK
The estimate of the year-on-year decline in the second quarter is an eye-watering 16.4mn bpd.
08/04/2020
'Explore financial restructuring options before it is too late'
According to Gilani’s assessment, the challenges faced by organisations can be categorised into three groups, which he refers to as the three pillars of business recovery.
08/04/2020
UAE, Saudi Arabia, Egypt draw $11.2 billion of FDI inflows
The UAE got 41 per cent of the number of projects launched region-wide in 2019, namely 1814 projects, followed by Saudi Arabia, 513, and Egypt, 476.
08/04/2020
RAK Bank to close 25% of its branches next month
The lender will close six branches in Dubai and one each in Sharjah, Khor Fakkan and Abu Dhabi.
08/04/2020
JPMorgan Sees Virus Fallout Stoking Middle East Deals Into 2021
Governments have been tapping debt markets to shore up finances battered by a slump in oil prices and as lockdowns to curb Covid-19 weigh on their economies.
08/03/2020
The 10 richest people in the Middle East, ranked
The Middle East, a region that encompasses many countries, including Turkey, Iraq, Iran, Israel, Egypt, Saudi Arabia, and Qatar, is known for its oil-derived wealth.
08/03/2020
Abu Dhabi’s ADCB to lay off 400 employees, sources say
One source said the bank was looking to close 20 branches.
08/03/2020
Policymakers still Needed
Developed market equities returned 4.7% underperforming emerging markets which were up 8.4% led by that strong performance from China.
08/03/2020
Momentum Builds for ESG Investment Among Global Public Investors, According To OMFIF-BNY Mellon Survey
The findings, also published in OMFIF’s latest Global Public Investor Report
07/31/2020
Advisory City: An ecosystem for consulting firms in Sharjah
Common barriers to entry include special tax benefits to existing firms, strong brand identity or customer loyalty, and high customer switching costs.
07/31/2020
Kuwait can become an important destination for foreign investments - UN
Al-Sheikh said: "The State of Kuwait is highly dependent on energy and oil resources for its economic income, as approximately 91 percent of the total state income for the year 2018 is generated from oil exports only
07/30/2020
Gulf banks are weathering the pandemic storm — for now
As the banker to the Dubai establishment, that would bode ill for the emirate’s financial system and awake fears that it could be facing the kind of crisis that hit in 2009 at the height of the global financial crisis.
07/30/2020
Oman Insurance completes 100% acquisition of subsidiary Dubai Starr Sigorta
OIC had bought 51% stake in the company in 2012
07/29/2020
Allfunds strengthens its social commitment and joins the United Nations Global Compact
Allfunds strengthens its commitment to Corporate Social Responsibility and joins the United Nations Global Compact, the world's largest corporate sustainability initiative.
07/29/2020
Saudi Arabia Posts $38.1B Budget Deficit In H1 2020
Saudi Arabia has raised $12 billion in international markets so far this year and has borrowed 41.1 billion riyals or about $10.96 billion in the domestic market.