06/10/2020
Majority of UAE banks plan to enable open banking in one year
94% of respondents agree or strongly agree that collaboration has been a driver for success in their organization
Research, Comment and Analysis
06/10/2020
GFH Group completes $500mln sukuk issuance
The proceeds from the Sukuk issuance will be used to further strengthen GFH’s balance sheet
06/09/2020
Northern Trust Whole Office To Accelerate Growth
Last month Northern Trust announced an alliance with BlackRock as part of this Whole Office strategy of working with other firms.
06/09/2020
Qatar- Banks 'key enablers' to successful restart of local economy: QIB chief
The necessary preventative measures put in place to protect the public health and stop the spread of the virus are naturally having a negative impact on businesses, making it difficult for some of them to meet critical short-term payments and commitments.
06/09/2020
Revealed: Top 10 companies in the Middle East in 2020
In this year’s Forbes list of the Middle East’s Top 100 Companies 2020, Saudi Arabia led the pack with 33 entries
06/08/2020
Turkey’s Yapı Kredi bank to impose limit on forex deposit accounts - Reuters
The bank easily achieves its asset ratio, but this limit was raised due to profitability pressure.
06/08/2020
UAE is the safest Arab country and 11th globally amid COVID-19 pandemic
The UAE Health Ministry conducted 52,000 new COVID-19 tests and revealed 626 coronavirus cases on Saturday.
06/08/2020
Former Jumeirah CEO confident Dubai's tourism industry will bounce back
Gerard Lawless said there is plenty of opportunity for investors during current crisis
06/08/2020
DIFC posts 17.4% growth in reinsurance during 2019
The premiums cover different areas including marine, aviation, transport, health, property damage and liability
06/08/2020
Coronavirus impact: UAE banks plan 10-15% cut in workforce
Four out of five people in the global workforce are affected by full or partial workplace closures: ILO
06/08/2020
Shrinking interest margins hurt UAE bank profits
Operating income fell due to lower net interest income
06/05/2020
Abu Dhabi's economic priorities will not be influenced by COVID-19 hit
Oversubscription of $3b 'tap issue' follows an equally successful $7b offering
06/05/2020
EBRD announces winners of the 2020 Sustainability Awards
Sustainability underlies all EBRD operations and the Sustainability Awards recognise clients that the Bank works with that are also committed to ensuring sustainability is at the heart of their operations.
06/04/2020
Qatar is now a self-sufficient nation in different sectors'
What was clearly evident, however, was how quickly the country, and its citizens and expatriates worked together towards ensuring the sustained economic continuance of Qatar, Loayon stressed.
06/04/2020
Emirati unemployment in UAE stands at over 12,600
Hessa Bint Essa Huhamaid, UAE Minister for Community Development, said that 3,245 unemployed nationals have benefited social allowances since 2017
06/04/2020
Worst may be over for biggest Arab economies as businesses adapt
Non-oil private sector activity improved in Saudi, Arabia, Egypt and the United Arab Emirates
06/04/2020
UAE firms continued to reduce employment numbers in May - survey
"Input prices have begun to creep up, leading firms to make further cuts to staffing as sales revenues remain low," said David Owen, Economist at IHS Markit
06/04/2020
COVID-19 is turning many UAE expats with jobs into supersavers
Personal finance priorities have changed, and people now make a conscious effort to cut down on expenditures
06/03/2020
The Gulf’s sovereign wealth funds ‘need to be deployed’ amid coronavirus crisis, expert says
“Sovereign wealth funds have multiple objectives, but one of them is that they are rainy day funds, and this is a rainy day,” Tarek Fadlallah told CNBC.
06/03/2020
How MENA's largest broker EFG Hermes is coping with remote working
Egypt-based investment bank, which operates across four continents, started working remotely from mid-March 2020