07/27/2020
GCC economic recovery to be slow and gradual in 2020-21
'A steadily rising oil prices are paramount to ensuring a sustainable recovery'
Research, Comment and Analysis
07/27/2020
Really that Good, or that Bad? by Gary Dugan
The economic data has been good, but it is likely to be more mixed going forward.
07/24/2020
Saudi financial services key to supporting economy, businesses: experts
The topic was discussed at a webinar hosted by Forbes Middle East in partnership with Oracle
07/23/2020
Robust Finance Functions Key For Saudi Arabia’s Road To Recovery
Saudi Arabia started taking preventative measures as soon as COVID-19 hit China at the beginning of the year.
07/23/2020
Saudi Arabia clarifies on income tax after finance minister's comment
This follows finance minister's comment kingdom isn't ruling out such a tax
07/22/2020
NBE, Banque Misr support Egypt's Health Ministry by LE 60M to counter COVID-19
Okasha stressed that the bank’s contributions since the start of the crisis amounted to LE 750 million, which were directed for health purposes by providing the necessary equipment or preparing places for health isolation or supporting medical teams
07/21/2020
Customer trust in UAE banks remains high, at 76%
And 82% of UAE consumers 'strongly agree' their bank is honest and trustworthy
07/21/2020
GCC construction market estimated at $2.5 trillion by end of June
The quarter closed with $11.9 billion worth of new construction announcements with Saudi Arabia contributing 54 per cent and the UAE contributing 31 per cent to the total value of new project announcements.
07/21/2020
QSE gains on buying interests in consumer goods, transport, real estate segments
Trade turnover and volumes were on the increase on the market, where the industrials and banking sectors together accounted for more than 53% of the total trading volume.
07/21/2020
Qatar's business leaders, top bankers optimistic about reigniting economy
In Qatar, you see the life is coming back at a very rapid pace at the moment.
07/21/2020
USD15 trillion to be passed to Millennials, Gen X and Y in the next decade
This equates to more than USD15 trillion – which is higher than China’s annual GDP. Regionally, 41 per cent of this wealth will be transferred from the Americas, 32 per cent from EMEA and 27.5 per cent from Asia-Pacific.
07/20/2020
Is it Hot in the Middle East? A Temperature Check
Acquisitions of high profile assets around the world have been a hallmark of investment activity.
07/20/2020
Sustainable investing gains momentum in wake of Covid-19
In the UAE, 81% of investors said they believe a sense of fear will prevail for a long time
07/20/2020
UAE’s personal wealth shoots past $400 billion mark
A staggering 48.5% of this was held by millionaires in 2019
07/19/2020
Saudi economy likely worse in Q2 despite June improvement - c.bank governor
Saudi Arabia's economy shrank by 1% in the first quarter, as the coronavirus crisis and lower oil prices took their toll.
07/17/2020
Provis sustainability initiatives reduce 10,000 tons of Co2 across 12 managed communities
22 million KWH total energy saved
07/17/2020
Bionic companies pave the way forward for stronger business performance: report
With COVID-19’s economic and business impacts, workforce disruptions, and energy sector shocks, companies in the Middle East face urgent and unprecedented challenges
07/17/2020
Middle East firms expect skills shortages
The Middle East has been through these crises before, and each time the major players have reinvented themselves and come back stronger
07/17/2020
Green banking can transform sector; sustainability-driven strategies important: KPMG
Globally, several voluntary nonfinancial reporting standards are available such as the Global Reporting Initiative.
07/16/2020
Why digitalisation has helped Bahraini banks escape the brunt of Covid-19
As Covid-enforced social distancing measures became commonplace, Bahrainis turned increasingly online to conduct financial services