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.
05/08/2020
The DIFC has become one of the largest wealth centres between Europe and Singapore, with over $420B of Assets managed.
05/08/2020
In Oman alone, the number of expatriates dropped by over 340,000 in 2010 following the 2008-2009 crisis
05/08/2020
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.
05/08/2020
The CBFS early this year launched its margin trading product, becoming the first bank brokerage subsidiary in Qatar to launch such a product.