Gulf Insurance Group acquires stake in yallacompare for $4.25 million
yallacompare.com, one of the Middle East’s leading finance comparison site, has been funded by Kuwait’s Gulf Insurance Group (GIG) with…
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UAE banking sector remains resilient to global challenges
The UAE’s banking sector remains strong and resilient despite several challenges posed by global economic developments last year, according to…
UAE central bank says GDP grew by 1.7% in 2019
The overall real GDP (gross domestic product) of the United Arab Emirates is estimated to have grown by 1.7 percent…
Saudi experts warn against investing in unlicensed projects
Experts have warned against investing in projects that have not been properly licensed. The warnings come after the authorities…
Faisal Omar Alsaggaf, CEO, National Commercial Bank
On how Saudi banks are helping achieve the country’s broader goals To what extent has the outbreak of Covid-19…
Turkey's banks combined net profit rises to 15.79 bln lira (2.05 bln euro) in March
The net profit of Turkey's banking sector rose by 26.5% year-on-year to 15.79 billion lira ($2.24 billion/2.05 billion euro) in…
Qatar- Islamic finance gaining stronger foothold in China
As this year's GDP growth of China, the world's second largest economy and major manufacturing hub, is forecast to reach…
Saudi Arabia pressured but adequately buffered: MUFG MENA
Despite the twin shocks of steep fall in oil price and the Covid-19 economic impact, Saudi Arabia remains well-positioned to…
NMC Health's audit firm faces UK probe
Britain's accounting regulator has opened an investigation into Ernst and Young's audit of hospital operator NMC Health that was placed…
Saudi Arabia hit with Moody's downgrade, prepares for 'painful' measures — but can likely weather the storm
Saudi Arabia is preparing to enact “strict, painful measures” in the face of its worst growth contraction in two decades…
IMF chief says had 'productive' call with Lebanon on its recovery plan
The head of the International Monetary Fund said on Monday she had a “productive” discussion with Lebanese Prime Minister Hassan…
Saudi Arabia’s Monshaat holds online sessions to support SMEs during pandemic
The General Authority for Small and Medium Enterprises (Monshaat) on Monday said that viewership of the virtual sessions it has…