09/10/2018
Abu Dhabi banks report over $4.5bn income in H1
The net profits of Abu Dhabi-based banks increased to Dh10.4 billion during the first six months of the year, up 7.2 per cent over the same period in 2017.
Research, Comment and Analysis
09/09/2018
Banking sector credit in Oman grows by 6% till June 2018
Total deposits registered a growth of 4.5 per cent to OMR22.3 billion, with private sector deposits increasing by 4.7 per cent to OMR14.2 billion as at the end of June 2018.
09/09/2018
Dubai luxury property prices slip marginally in year to end-June
New Knight Frank data shows Dubai is one of only four luxury residential markets to see price declines in past year
09/07/2018
Why Gulf Banks Are Merging Like Never Before: QuickTake
Regional banks are heavily reliant on government deposits, and those have been dwindling in sync with crude prices.
09/05/2018
DFM International Investor Roadshow in London attracts 49 institutions, 28% of them are first timers
The event included 151 one-on-one meetings with institutions managing $2.5trillion of assets
09/04/2018
The Global CIO Office Weekly
The GDP data also reflected good structural growth in the economy as business investment picked up.
09/04/2018
UAE Central Bank board holds a review meeting
Topics discussed include macro prudential policy and large exposures
09/04/2018
Sukuk issuance to reach $100bn in 2018: Moody’s
The decrease in sukuk issuances during the first half of 2018 was driven by lower volumes from the Gulf Co-operation Council (GCC) region.
09/03/2018
Qatar’s investments in Germany exceed €25bn in ‘vital’ sectors
With a wide participation of senior government officials and decision makers, in addition to businessmen and representatives of the public and private sectors, the forum aims to further enhance Qatar-Germany bilateral relations in all areas.
09/03/2018
UAE most attractive target for Chinese lenders, research shows
Loans from Chinese lenders to energy and infrastructure projects in the Middle East and Africa have risen from $300 million in 2014 to $8.8 billion in 2017
09/03/2018
Banks blame investors for not assessing risks
Clients allege banks sold highly risky currency derivatives as simple deposits
09/03/2018
UAE Job Market Very Robust with Nearly 9 in 10 Employers Hiring
Three in every four UAE employers (78%) are planning to hire in the next three months
09/02/2018
Iranian oligarchs bask in wealth while others suffer
The oligarchs use family connections to promote their careers and to further enrich themselves from public funds.
09/02/2018
Want a second passport? This country is popular with UAE residents
Dominica remains the best economic citizenship option, coupling low investment thresholds with certainty of permanency.
08/31/2018
Over 600 UAE bank employees laid off in 2017
Banks are trimming branch numbers as consumers tilt towards online banking.
08/29/2018
FAB Celebrates Emirati Women’s Day 2018
The celebration was attended by the bank’s senior management and employees.
08/28/2018
Oman share index ends higher
A total number of 261 trades were executed during the day's trading session generating turnover of OMR982,000 with more than 5.48 million shares changing hands.
08/28/2018
Qatar sovereign assets totalling more than 100% of GDP to remain 'solid' until 2021: S&P
The average rating on the seven sovereigns is 'AA', compared with an average of 'BBB-' on all sovereigns S&P rate globally.
08/27/2018
World Bank predicts high per capita income for Qatar in 2019
According to preliminary estimates, the per capita gross domestic product (GDP) stood at 236,000 riyals ($64,972) at the end of last year
08/24/2018
UAE’s top real estate firms boost sales in Q2 but slow market weighs on profit
Aldar, Emaar and Damac reported increased revenues during the period but their profit was squeezed by higher cost of sales