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Dubai’s real estate sector records transactions worth Dhs72.5b in H1
Dubai’s real estate market witnessed transactions worth Dhs72.5 billion in the first half of 2020, despite the impact of the…
Lebanon central bank governor inflated assets as liabilities grew, says audit
Lebanon’s central bank governor inflated the institution’s assets by over $6bn in 2018, its audited annual accounts show, underlining the…
GCC economic recovery to be slow and gradual in 2020-21
The rapid spread of the coronavirus has fundamentally changed the global economic environment and a recovery is going to be…
Jordan's Arab Bank group H1 net profits drop 66%
Jordan's largest lender, Arab Bank Group, reported on a 66% year-on-year drop in first-half net profit to $152.1 million as…
Global equities likely to remain volatile as rising number of new cases could potentially impact the pace of economic recovery
Global equity markets closed in negative territory during the week on the back of worsening bilateral relations between the US…
HSBC UAE launches online trading platform for wealth clients
HSBC has launched a new online trading platform, enabling its retail customers in the UAE to trade shares and exchange…
Al Salam Bank becomes first bank in Bahrain to complete customer handover of Deerat al Oyoun Villa under Mazaya Scheme
Customers will pay the first installment in January 2021 and benefit from a competitive annual profit rate of 4%. Customers…
S&P: Firms to delay investments
Gulf companies exposed to the the coronavirus disease (COVID-19) and weak oil prices may delay investments and keep costs down,…
Mideast sovereign investors hunt for bargains in Europe
Middle East sovereign investors have piled into European companies in the wake of the coronavirus disease (COVID-19) pandemic, according to…
Saudi financial services key to supporting economy, businesses: experts
The financial services sector in Saudi Arabia has been vital in supporting SMEs and the economy as the kingdom recovers…
Commercial Bank half-yearly net profit tops QR901mn
As a leading Qatari lender, Commercial Bank is committed to providing world-class solutions to the private sector while supporting the…