Turkey’s economy in 2021 built on 2020’s legacy
The pandemic struck world economies no doubt faced two different seasons on the economy front in 2020. Governments watched their…
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Saudi Arabian Banks Face Heightened Pressure
The operating environment for Saudi Arabian banks has been more challenging since 1Q20 due to the impact of the pandemic…
Abu Dhabi bank unveils personal finance education initiative
Abu Dhabi Islamic Bank (ADIB) has launched an initiative to boost personal finance education among its customers and the wider…
Most major Gulf stocks rise; Qatar slips
Most major stock markets in the Gulf recovered some losses on Tuesday, a day after registering steep declines caused by…
Banking in the GCC: 2020 report
Despite the pandemic and its deep economic impact, the $2 trillion core GCC banking sector will weather 2020-2021 intact and…
QSE settles lower despite local retail investors' bullish pressure
Local retail investors were seen exerting bullish pressure on the Qatar Stock Exchange, which otherwise settled marginally lower. The…
PIF reshuffles top team ahead of big Saudi market moves
The Public Investment Fund (PIF) has bolstered its top executive team with a string of appointments of Saudi investment specialists…
National Bank of Oman upgrades its CIB platform with the Arabic language
As part of its commitment to create user-friendly financial services that suit its clients’ needs, National Bank of Oman (NBO)’s…
Consumers in the UAE excited about 5G technology
A new Oliver Wyman study has revealed that UAE consumers are happy to pay extra for the perks of 5G,…
Kuwait closes border, suspends flights until Jan 1
Kuwait will suspend all commercial flights and close its land and sea borders from 11 p.m. on Monday until…
UAE's first crypto library at Abu Dhabi’s Technology Innovation Institute
Abu Dhabi’s Technology Innovation Institute (TII), the applied research pillar of the Advanced Technology Research Council (ATRC), announced on Tuesday…
UAE GDP to shrink more than previously forecast, to grow by 2.5% in 2021 – central bank
The UAE's GDP is estimated to shrink about 6 percent this year, compared to a previous forecast of a decline…