08/08/2019
UAE’s 18 national banks post $6.6bn in H1 profit
Emirates NBD was ranked first in terms of profits, reaching Dh7.5 billion at the end of June, compared to Dh5 billion in the same period last year.
Research, Comment and Analysis
08/08/2019
Saudi Arabia Leads Gulf IPO Activity
The IPO deal value raised in the first half of 2019 has already nearly surpassed the total deal value raised in 2018.”
08/08/2019
UAE retail gold rates hit a five-year high
In a 5-year peak, retail gold rates 50 fils from touching Dh172/gram for 22k VAT excluded
08/08/2019
EFG Hermes records another quarter of strong top and bottom line growth in 2Q 2019
The solid increase in profitability for the quarter was largely driven by higher net profits recorded by the Group's Investment Bank and NBFI platforms
08/08/2019
GCC Islamic bank mergers likely to increase, says Fitch
New research says consolidation should ultimately be positive for the Islamic banking sector by creating larger, stronger and more efficient banks
08/08/2019
Egypt’s headline inflation slows to a four-year low of 8.7% in July
Egypt is approaching the end of an IMF-backed economic reform program
08/07/2019
Doha to host 8th SIIMA Awards next week
Qatar emerging as a top destination for movie events
08/07/2019
Is the Gulf construction boom economically sound?
This investment does not fall directly under the Gulf countries’ long-term economic plans, outlined in a variety of “Vision” strategies.
08/07/2019
Start-ups: Why are only 14% of investments in Middle East companies founded by women?
More needs to be done to make the Middle East entrepreneurial ecosystem less male-dominated
08/06/2019
Kuwaitis and Expats spent more then KD 6 billion in last 6 months
The amount of ATM transactions reached KD 6.29 billion in the first half of the year compared to KD 6.24 billion in 2018.
08/05/2019
Ithmaar Holding announces plans to voluntarily delist from Boursa Kuwait
Company to maintain listings on Bahrain Bourse and Dubai Financial Market
08/04/2019
UAE investors are very optimistic about their economy but worry about cyber security: UBS survey finds
Similarly, 81% of UAE investors are bullish on regional stocks
08/04/2019
ABK records 18% increase in net profit
Operating profit reaches KD 53.7m, total assets soar to KD 4.73bn in H1 2019
08/04/2019
Value of real estate deals in Kuwait register $928.8mln in June
The value of real estate transactions in Kuwait rose by 33% in June, while the number of transactions increased by 29%
08/04/2019
British expats in the UAE have been revising saving plans
GWM handled hundreds of enquiries relating to how best to invest right through until the end of trading on Friday.
08/01/2019
Kuwait central bank decides to keep discount rate unchanged
Earlier, the U.S. Federal Reserve cut rates by 25 basis points.
07/31/2019
Intelligent Automation Is the Next Step to Working Like Tomorrow, Today
Enterprises that embrace the future of work harness automation to drive operational benefits, like time and cost savings and increased capacity.
07/30/2019
Africa and the Middle East: keys to prosperity
The African Development Bank referred to the continent’s population growth over the next three decades as a “ticking time bomb.”
07/29/2019
GCC and Egypt Economic Outlook Hinges on Continued Reforms NBK Research
Economic growth will remain steady in the 1-3% range over 2019-21
07/29/2019
INTERVIEW: Major Gulf sovereign wealth funds gear up for ESG investing- global advisory head
Wallace highlights key steps for GCC countries to attract more ESG investors