12/14/2020
UAE’s loan growth and liquidity pick up pace in Q3-2020
Total deposits rose at a faster phase than loans during this period
Alternative Investments
12/14/2020
A roundup of BCG's Middle East CEO and Leaders Forums
Boston Consulting Group (BCG) recently held its two-day flagship CEO and Leaders Forums, bringing together senior leaders from the public and private sector across the Middle East. A roundup of the event’s main takeaways.
12/14/2020
KPMG leaders on Saudi's Q3 banking sector performance
KPMG Saudi banks has released the third quarter edition of its ‘Banking Pulse’, a quarterly study that sheds lights on the key trends and financial developments in the Kingdom’s banking industry. KPMG leaders Khalil Ibrahim Al Sedais and
12/14/2020
Turkish banking industry loans shrink slightly after central bank rate hikes
Turkey’s central bank hiked its benchmark interest rate in two of the past three months, from 8.25 percent in September to 15 percent in November.
12/14/2020
Afro-Asian insurers federation selects Medmark as 'Best Customer Service Provider' of the year
Medmark is proud to receive FAIR's 'Best Customer Service Provider' award and we are delighted that our efforts to raise the bar for customer experience in the insurance industry are being recognised.
12/11/2020
Why Gulf Finance House's stock is suddenly turning active
Recent acquisitions and gains on fees, commissions seem to have worked
12/11/2020
Major Gulf indexes off to mixed start
In Abu Dhabi, the index gained 0.9%, buoyed by a 2.3% rise in the United Arab Emirates’ largest lender, First Abu Dhabi Bank.
12/11/2020
Middle East Banks' Asset Quality, Earnings Pressured; Capital, Liquidity Stable
The impact of asset-quality deterioration following the economic downturn due to the coronavirus
12/11/2020
Qatar’s private sector praises state budget for 2021
This also will ensure the establishment of more projects and expansion of medical and health facilities
12/10/2020
UAE banking sector outlook stable despite asset quality pressures: Fitch
Fitch expects stable capital levels in 2021 due to modest loan growth and lower dividends
12/10/2020
QLM sees robust response to its IPO
The move should be seen as the first step and the main pillar in executing the company's strategic goals to become the leading and largest national insurance company in medical and life insurance in the region, he added.
12/10/2020
Why Bahrain's Investcorp is thinking small to grow big in India
Fund is understood to be in the process of finalising minority stake deal in another Indian start-up
12/09/2020
Family businesses surprisingly positive in the wake of Covid-19
In the Middle East, all this was topped off with one of the biggest oil price crashes in history.
12/09/2020
Five key stages for developing the tourism sector across the Middle East
Tourism is essential for economic diversification, growth, and job creation
12/09/2020
ADIA looks to Africa for new investment opportunities
The fund's 20-year annualized rate of return at Dec. 31 was 4.8%, vs. 5.4% in 2018.
12/09/2020
Four Egyptian banks to contribute to new real estate joint venture
Egyptian Gulf Bank (EG Bank) and Suez Canal Bank plan to each purchase a 10% stake in a new company - First Design for Real Estate Development
12/09/2020
UAE lucrative destination for global investors, says CEO of Binghatti Holding
He mentioned that Binghatti Hospitality focuses on providing world- class hospitality services across Dubai and the UAE.
12/08/2020
Experts confident of Saudi construction sector returning to normal soon
Coronavirus causes slump in contracts but recovery predicted
12/08/2020
Egypt steps up support for exporting companies
The Export Development Bank has disbursed about EGP 585 million for 20 exporting companies since the implementation of the immediate payment initiative
12/08/2020
Investcorp portfolio company ABAX acquires Automile
Transaction represents ABAX's third and largest add-on acquisition since Investcorp's investment in 2017