05/14/2020
It comes as no surprise that the COVID-19 pandemic will halt the growth of GCC Islamic and conventional banks this year as they focus on preserving asset quality rather than business expansion.
05/14/2020
But Tannir said the region had entered 2020 with strong finances and, after an initial phase of assessing liquidity needs, companies and governments are now looking more strategically at potential opportunities.
05/13/2020
Competition ‘is likely to increase’ for firms as number of expats in region could decline
05/13/2020
Emirates NBD and Mashreq both report Dh130m exposure to the business that began as a rice trader
05/13/2020
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
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
Moody's estimated Abu Dhabi ran a modest budget deficit of 0.3 per cent of GDP in 2019.
05/12/2020
The UAE’s booming construction and real estate sector emerges as another major weakness.
05/12/2020
But other Gulf countries could extend support in the event of extreme liquidity crunch
05/12/2020
The prices have been reduced almost by half
05/11/2020
The headlines don't read well, but some economists do point to some good news.
05/11/2020
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
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
23 GCC banks have assets worth $1.5T at end- 2019 and are among most profitable worldwide
05/10/2020
Persistent fear of the illness continuing to dominate daily life
05/10/2020
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
Emirates made $287.5 million in the 12 months to March 31
05/10/2020
Connecting with others even online with a video chat or on the phone.
05/10/2020
Economic recovery will have a large say behind how much further gold prices can extend
05/09/2020
Islamic banks are likely to see a greater effect on asset-quality indicators.