03/16/2023
Pace of hiring at UAE companies to slow this year after a bumper 2022
In face of recession, companies now have to retain talent, keep costs down, says Bayzat
Research, Comment and Analysis
03/14/2023
Saudi Arabia's banking sector soars in 2022, poised for continued growth in 2023
Profit after taxes and payments for the Saudi banking sector grew at 7.9% CAGR driven by strong revenue growth – recorded at 9.1% CAGR since 2016
03/13/2023
Dubai: Over 60% of millionaires prefer to use the emirate as their primary residence
Dubai has been a haven for millionaires in the past few years who migrated in large numbers to the emirate during and post-pandemic
03/09/2023
Moody’s expects rise of M&A activity in GCC
The largest five banks in each GCC economy have a combined market share of 60-90 percent of sector loans as of June 2022.
03/09/2023
60 years of Kuwaiti women working and ‘empowered’ in banking sector
Ever since the national banking work began in Kuwait at the beginning of the 1950s and with the growth and development of business, the banking sector encouraged women working in local banks, giving them the opportunity to lead.
03/09/2023
Almost all Gen Z and millennials in Saudi Arabia will be frequent AR users by 2025
Snap Inc. PwC and RLC white paper unveils the role of immersive tech in transforming the retail industry in Saudi at the 9th Retail Leaders Circle MENA
03/07/2023
Qatar Financial Centre PMI
Activity and demand rebound in February, driving outlook higher
03/06/2023
UAE: Savings deposits worth Dh245.867 billion recorded by December 2022
Deposits in banks have increased remarkably over the recent years
03/03/2023
Saudi Arabia ranks first among G20 countries with 4.9% productivity growth rate: International Labor Organization
This 4.9 percent increase represents the highest productivity growth rate achieved by the Kingdom, which was lagging at -6.3 percent in 2019.
03/03/2023
UAE jobs: Nearly 50% residents received bonuses last year, survey reveals
About 31% of the respondents received a bonus of up to Dh20,000, while over 5 per cent reported a bonus value of Dh50,000 or above
03/03/2023
UAE private business output hits 4-month high, but slows down on new orders, hiring
Businesses await new project wins before going in for additional workforce
03/02/2023
First Abu Dhabi Bank facilitated over $9bln worth of sustainable projects in 2022: CEO
In this past year, more than half our bond issuances were in a green format, and we have grown our range of sustainable accounts, loans and finance offerings to support our customers in achieving their own sustainability goals: Hana Al Rostamani
03/02/2023
Family disputes are the biggest challenge facing family businesses in GCC – DIFC survey
Transitioning from the traditional economy will also be a major challenge for family businesses to contend with
02/27/2023
Global debt declines by $4tn in 2022 on stronger growth and inflation
Retrenchment driven 'entirely by mature markets' where total debt dropped to about $200 trillion last year, the Institute of International Finance says
02/23/2023
SAMI’s new ‘Center of Excellence’ to be up and running by 2025: CEO
The SAMI CEO said the latest center will focus on developing land system vehicles including four-by-fours, six-by-sixes, and eight-by-eights.
02/23/2023
Lebanon’s inflation hits 124% as energy, healthcare costs soar
Rising healthcare costs also pushed CPI higher in January
02/22/2023
Accenture commits to more women in UAE leadership positions
According to the UN’s statistics, women made up just under 40 percent of the global workforce prior to the pandemic, but accounted for 45 percent of the subsequent job losses, with those remaining in employment lumped with additional unpaid domestic
02/22/2023
Five steps to improve the odds of M&A integration success
The advice of Ribollet and Geadah could not have come in a more timely manner.
02/20/2023
Israel cenbank to hike rates but analysts split on 25 or 50bps
Citi strategist Bhumika Gupta said that with the US Federal Reserve moving to quarter-point moves, the Bank of Israel would follow suit
02/20/2023
NBK main sponsor of the annual ceremony to reveal Kuwait’s Top 20 Entrepreneurs of the Year
Organized by Forbes Middle East in cooperation with Al-Qabas newspaper in March 2023