All Articles

Comment & Analysis

Asset buffers and fiscal discipline protect Abu Dhabi from external shocks, says finance head

April 20, 2020

Abu Dhabi’s economy is "well cushioned" from external shocks such as the coronavirus pandemic and volatility in oil markets, the…

Read More

Insurance

ECI inks strategic partnership with National Bank of Fujairah

April 20, 2020

In the wake of the COVID-19 outbreak, banking institutions in the UAE are establishing many new ways to help their…

Read More

Comment & Analysis

UAE central bank urges commercial lenders to use stimulus scheme

April 20, 2020

The United Arab Emirates central bank on Sunday urged commercial lenders to use the $70 billion-worth of capital and liquidity…

Read More

Financial Results

Emirates NBD first-quarter profit dives 24%

April 20, 2020

Dubai’s largest lender Emirates NBD said on Monday its first-quarter net profit declined 24% on-year due to higher provisions the…

Read More

FinTech

Private banking meets the public cloud

April 20, 2020

Adapt to the size of the organization   There are few industries as heavily regulated as banking. At nearly each…

Read More

Comment & Analysis

Bayt.com: 2 in 3 GCC Professionals Foresee Increase in Virtual Job Search Amidst Coronavirus Pandemic

April 20, 2020

Bayt.com, the Middle East's #1 job site, has recently conducted a new survey in partnership with YouGov, global online market…

Read More

Legal

EY ordered to pay whistleblower $11m in Dubai gold audit case

April 20, 2020

A former partner at the accounting firm EY has been awarded $10.8m (£8.6m) in damages after being forced out of…

Read More

FinTech

SoftBank Vision Fund faces billions in debt payments that could eat into cash, analysts warn

April 20, 2020

SoftBank’s use of risky debt to fuel its tech powerhouse Vision Fund will leave it paying its Middle Eastern investors…

Read More

Comment & Analysis

Qatar’s real GDP growth forecast to bounce back in 2021April

April 20, 2020

Qatar’s real GDP growth has been forecast to bounce back next year with Oxford Economics saying it will grow by…

Read More

Comment & Analysis

Italian exports to Qatar jump 27% in 2019, says envoy

April 20, 2020

Italy’s exports to Qatar stood at €1.3bn in 2019, registering a 27% year-on-year jump, making it Qatar's sixth main supplier…

Read More

FinTech

Merged SHUAA Capital entity holds first general meeting virtually

April 20, 2020

SHUAA Capital psc has held its first general meeting virtually on Wednesday, April 15.   SHUAA’s first post-merger annual results,…

Read More

Comment & Analysis

Collapse of the banking system could mean the end of Lebanon

April 20, 2020

The Lebanese only want to know one thing: When will banks release their hold on people’s deposits? It’s not just…

Read More