05/13/2020
UAE banks report exposure to commodities broker in liquidation
Emirates NBD and Mashreq both report Dh130m exposure to the business that began as a rice trader
Research, Comment and Analysis
05/13/2020
Egypt’s growth to slow sharply in 2020 because of coronavirus pandemic
The report says the deceleration led by the Covid-19 pandemic reflects a slowdown in the tourism sector, disruptions in global value chains and a slowdown in demand from trading partners and in foreign direct investment.
05/13/2020
EBRD expects Turkey’s economy to bounce back by 6 per cent in 2021
Likewise, the lower oil price, alongside the sharp slowdown in domestic activity, will help offset the inflationary impact of the weakening lira.
05/13/2020
Abu Dhabi per capita income substantially higher than its peers: Moody's
Moody's estimated Abu Dhabi ran a modest budget deficit of 0.3 per cent of GDP in 2019.
05/12/2020
The United Arab Emirates: A Key Piece in the Gobal Money Laundering Puzzle
The UAE’s booming construction and real estate sector emerges as another major weakness.
05/12/2020
Oman expected to meet its funding needs, keep support for dollar peg
But other Gulf countries could extend support in the event of extreme liquidity crunch
05/12/2020
Saudi Arabia slashes fuel prices in the kingdom
The prices have been reduced almost by half
05/11/2020
V versus U by Gary Dugan
The headlines don't read well, but some economists do point to some good news.
05/11/2020
ADX gains, real estate banks weigh on DFM
Dubai index fell over one per cent, led by fall in shares of Emaar Properties, Emirates NBD, Dubai Islamic Bank, Amanat and Air Arabia.
05/11/2020
Four in 10 rich UAE investors plan to invest more in next 6 months, UBS says
The world’s wealthy are largely optimistic about the long-term economic outlook for their region despite Covid-19, according to the findings of a survey by the Swiss bank
05/11/2020
Gulf banks can absorb up to $36B shock
23 GCC banks have assets worth $1.5T at end- 2019 and are among most profitable worldwide
05/10/2020
Coronavirus crisis changing public attitudes in the Middle East, polls suggest
Persistent fear of the illness continuing to dominate daily life
05/10/2020
Real estate sector development panel to help boost realty market: Ezdan
These rapid changes impose on the market the necessity to develop a specific and clear strategy, aimed at improving real estate products in order to gratify the requirements of this market on the one hand, and encourage investors to continue to pump their
05/10/2020
Dubai carrier Emirates airline reports rise in annual profit
Emirates made $287.5 million in the 12 months to March 31
05/10/2020
Free self-care tips that can help you manage stress during the coronavirus pandemic
Connecting with others even online with a video chat or on the phone.
05/10/2020
Spot Gold prices move back above $1,700 - could they be even higher?
Economic recovery will have a large say behind how much further gold prices can extend
05/09/2020
GCC banks face 'earnings shock' from lower oil price, Covid-19
Islamic banks are likely to see a greater effect on asset-quality indicators.
05/08/2020
MEASA private wealth opportunities during uncertain times
The DIFC has become one of the largest wealth centres between Europe and Singapore, with over $420B of Assets managed.
05/08/2020
'What's the Point of Staying?': Gulf Faces Expatriate Exodus
In Oman alone, the number of expatriates dropped by over 340,000 in 2010 following the 2008-2009 crisis
05/08/2020
Fitch Places Gulf International Bank B.S.C.'s Viability Rating on Rating Watch Negative
With little visibility on the authorities' response in terms of government spending, there are large uncertainties about the length of a potential shock and its impact in the Saudi banking system.