02/14/2018
GFH 2017 income more than halves amid difficult market conditions
Consolidated net profit for the 12-month period to the end of December came in at $103 million, down from $233m recorded a year earlier
Research, Comment and Analysis
02/13/2018
Azerbaijan’s PASHA Bank intends to increase its share in Turkey’s market
PASHA Bank has been operating in Azerbaijan since 2007.
02/12/2018
Mideast needs to invent new economic model: IMF chief
Lagarde said the global economy is in a "sweet spot" because from 3.2% growth in 2016, it has reached 3.7% in 2017
02/11/2018
Life on Mars? UAE to fund space habitation ideas
It will support projects in three key areas: space settlement, terraforming and space ecology and economics, business models and governance.
02/08/2018
UAE ranks first in 11 global competitiveness indices
The UAE ranked first in three indices in the Global Competitiveness Report 2017-2018, issued by WEF, including ‘Efficiency of Government Spending’ index, ‘Annual Inflation Rate’ Index, and ‘Absence of Effect of Taxation on In
02/08/2018
Majority Of U.A.E. Expats Earn Just Enough To Live On
About 65% of expatriates who currently live in the country wish to make the U.A.E. their permanent home, the FPI survey showed.
02/08/2018
Banking's new horizon
Tony Long, CEO of CPI Financial, shares his thoughts on the future of banking.
02/08/2018
Citigroup targets rapid Middle East, Africa growth in 2018
Citigroup said last month it had won formal approval from Saudi Arabia’s Capital Market Authority to begin an investment banking business there
02/06/2018
Saudi NCB net profit up 11.8 pct as expenses, impairments drop
Moody’s Investors Service said this month that it expected a pick-up in lending in Saudi Arabia
02/05/2018
A Worryingly ‘Exceptional’ Week by Gary Dugan
Investor panic is the greatest risk these markets.
02/05/2018
Egypt net foreign reserves rise to $38.2bln at end-Jan
Egypt's foreign reserves registered in January the biggest month-on-month jump since July last year
02/05/2018
Saudi wealth fund near to buying stake in ACWA Power
Riyadh-based ACWA said to be seeking more than $1 billion from IPO
02/05/2018
Corporate governance basic issues highlighted
Banks had to re-strategize their businesses
02/04/2018
Embracing artificial intelligence: Do UAE banks have a choice?
One can clearly see increased enthusiasm across industry to introduce AI into business
02/03/2018
Global legal services in a disruptive world: Big Law versus New Law
The research findings shine a light on how the legal sector is adjusting to meet the needs of ever-demanding global clients
02/01/2018
Indian-Born Middle East Billionaire Shamsheer Vayalil Joins The Giving Pledge
It was on January 11, his 41st birthday, that Shamsheer Vayalil got what he describes as “a sudden urge.”
01/31/2018
DFSA Publishes Findings of Client Classification and Suitability Review
The thematic review started with a comprehensive survey followed by detailed analysis of responses and follow-up visits to selected firms over the course of the year.
01/30/2018
Bank of Jordan enters Bahrain
Bank of Jordan has been granted a licence to operate in the Kingdom as a wholesale bank, said the Central Bank of Bahrain in a statement.
01/30/2018
Lebanon's Byblos Bank profits up close to 3% in 2017
Byblos Bank announced that its net profits at the end of 2017 had increased by 2.91% on 2016 to reach $170mln
01/30/2018
Flotation had positive results on Egypt’s economy: CI Capital
This is in addition to economic growth of 4.2 percent during the last fiscal year, compared to 3.5 percent expected by the International Monetary Fund during 2017, Khedr added.