GCC consulting industry fees drop by $400 million in coronayear
The consulting industry of the Gulf Cooperation Council contracted by nearly $400 million last year, marking its worst year on…
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QFTH receives more than 500 applications from fintechs to join Wave 2 of its Incubator and Accelerator Programmes
The Qatar Fintech Hub, co-founded by Qatar Development Bank, has received applications from more than 500 early and mature fintechs…
New law implementing the P2B Regulation
The law of 05 March 2021 in relation to certain implementation measures of Regulation EU 2019/1150 of 20 June 2019…
Saudi Islamic Banks' Asset Quality Prone to Deterioration; Strong Capital and Liquidity
Saudi Islamic banks' asset quality will weaken as government forbearance measures expire, Fitch Ratings says, although possibly by less than…
Kuwait approves law to guarantee bank loans for pandemic-hit businesses
Kuwait approved draft laws to help businesses affected by the coronavirus pandemic, state news agency KUNA reported. Lawmakers approved…
Bahrain's real estate sector rebounds; $1.9bln transactions recorded in 2020
Despite the challenges posed by Covid-19 pandemic, Bahrain’s real estate sector rebounded in the third and fourth quarter of 2020…
Morgan Stanley opens Saudi Equity Fund to foreign investors
Morgan Stanley has launched an investment vehicle that allows international investors to access the Saudi Equity Fund. The MSINVF…
Saudis growing ‘more loyal’ to domestic brands amid pandemic, retailer says
Saudi consumers have become more loyal toward domestic brands during the pandemic, Marwan Moukarzel, CEO of leading retailer Fawaz Alhokair…
Positive Technologies bolsters Middle East, Africa and South Asia operations with a Managing Director appointment
Positive Technologies has announced the appointment of Santhosh Kumar as Managing Director to spearhead the company’s Middle East and Africa…
NBO announced a new head of asset management
National Bank of Oman has announced the appointment of Abdullah Al Jabri as its new Head of Asset Quality Management. …
Strengthening resilience is the key to success in 2021, says PwC's Global Crisis Survey
One year after Covid-19 was declared a global pandemic, PwC's second Global Crisis Survey looks at the worldwide business community's…
Views From the Floor – Is Turkey EM’s Patient Zero?
Turkey: EM’s Patient Zero? The sacking of Turkey’s central bank governor, Naci Agbal, triggered a run on the lira…