10/27/2016

Gulf banks feel the pinch of economic slowdown

The slump in crude prices has sparked a wave of budget cuts across the Gulf region, prompting economic growth to slow and liquidity problems for banks accustomed to relying on countries’ excess energy receipts for funding.

10/25/2016

ADCB reports Dh999m in Q3 profits

The challenging operating environment and the turbulent markets have impacted the industry, our underlying performance and fundamentals remain strong and we continue to grow our businesses.

10/24/2016

Dubai's Mashreq Q3 net profit falls 24.8 pct

Banks in the United Arab Emirates are facing a more difficult operating environment as the more-than-two-year collapse in oil prices feeds through into higher levels of soured loans and compressed net interest margins.