Kuwait posts highest unemployment rate in Gulf for last 10 years
The credit rating agency, Fitch, expects Kuwait to record 1 percent growth in GDP in 2023, compared to 0.8 percent…
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CBUAE projects real GDP to grow by 7.6 % in 2022
The Central Bank of the United Arab Emirates projected the real GDP to grow by 7.6 percent this year, instead…
Dubai records over $354mln in realty transactions Monday
Dubai real estate market recorded 476 sales transactions worth AED1.17 billion, in addition to 92 mortgage deals of AED181.95 million,…
Ahlibank’s “ahliExpress” provides 24/7 digital services
In line with its digital transformation strategy and its drive to match the global digitalization trends, ahlibank’s newly opened Madinat…
UAE banks’ credit fundamentals strong for 2023
Interbank rates have risen more than 400 basis points this year and most large UAE banks mainly rely on net…
Diversification of markets needed
Home remittances continue to fall. In the first five months of this fiscal year (July-November 2022), inflows of remittances totalled…
Bank customers in Kuwait continue to ‘fall prey to fraudsters’
Beware of swindlers who flirt with clients using names of well-known investors and bankers. Messages such as “Congratulations, you won”,…
Emirates NBD extends footprint with new Jeddah branch
Emirates NBD, a leading banking group in the Middle East, North Africa and Turkey region, has taken another step toward…
Bahrain announces distribution of over 6,000 residential units
Bahrain's Ministry of Housing has started distributing residential units to eligible citizens in East Sitra Town. The move comes…
Banks roll out offers for QND
As the country celebrates Qatar National Day, buoyant mood is visible among the citizens and residents. Several companies have lined…
Diriyah Gate in strategic financing solutions deal with SABB
The Diriyah Gate Development Authority said it signed a MoU with the Saudi British Bank to strengthen and broaden cooperation…
Portfolios under management in Saudi Arabia increase by 680% in Q3
The number of portfolios under management in Saudi Arabia increased at a record rate of about 680 percent in the…