05/25/2023
Samer Abdallah (KPMG) on government innovation in Saudi Arabia
The Kingdom has dedicated a large part of its innovation efforts inwards and focused on digital government as a critical initiative.
Research, Comment and Analysis
05/24/2023
Bankers See Asia-Middle East Dual Listings as a Budding Trend
The Saudi stock exchange has been particularly active in seeking to foster international ties, signing pacts with both the Hong Kong and Singapore bourses this year to cooperate in areas such as cross listings.
05/24/2023
Saudi Arabia’s banking sector set for further gains
Combined, Saudi’s banks recorded a 14% rise in profits compared to the previous 12 months.
05/23/2023
Dubai’s debt burden to drop to 51% in 2023, says S&P Global
The government’s debt stock could fall even faster if the reduction in nominal debt continues over the coming years
05/22/2023
17% increase in rate of Saudi ultra-high-net-worth individuals in 2022
Saudi Arabia will achieve an annual growth rate of 10.4% in the process of making wealthy people
05/19/2023
Top 5 risks of investing in Dubai and how to avoid them
As Dubai's real estate market has evolved through time, it has become a destination for beginner and experienced investors from around the world
05/18/2023
Funding for US startups plunge 51% amid economic concerns
GlobalData says the total number of deals down 44.3% to 2,577 in the first 4 months of 2023
05/18/2023
UAE banks see improvement in customer satisfaction, says new KPMG study
The analysis was conducted across seven UAE banks
05/18/2023
CBUAE says gross banks’ assets reached Dhs3.74tn in February
Latest data from the central bank shows that gross credit surged by 1.2 per cent to Dhs1.89tn in February from 1.87tn a month earlier, driven by a 1.6 per cent increase in domestic credit
05/18/2023
GCC economies to grow at slower pace on lower energy income, global conditions: World Bank
In the UAE, real GDP is projected to grow by 2.8% in 2023 down from 7.6% last year
05/17/2023
Herbert Smith Freehills announces the opening of its Riyadh office
Bolstered by two experienced projects, energy and infrastructure partners joining the office from the firm’s global and regional network
05/16/2023
UAE banks improve customer sentiment by seven percentage points: KPMG report
Average customer response rate improved, with almost two-thirds of priority conversations receiving a reply
05/16/2023
Dubai’s luxury residential market forecast to grow 13.5% in 2023 amid higher demand
Prime values are rising due to the city's safe-haven status and strong demand from ultra-high-net-worth individuals, Knight Frank says
05/15/2023
Jordan’s credit ratings maintained ‘BB-,’ stable outlook: Fitch
The rating agency estimated that Jordan’s general government budget deficit declined to 2.7 percent of the gross domestic product in 2022.
05/12/2023
BCG: UAE a leader in readiness for 'massive metaverse opportunity'
The metaverse ecosystem is quickly expanding in the Middle East, and the UAE appears ready to take full advantage.
05/11/2023
‘Sustainable projects enhance circular economy’
We see at the waste treatment to create a closed loop ecosystem
05/11/2023
‘Correction in housing rentals will take place in due course’: Experts
The slowdown in Q4 is almost directly attributable to the World Cup
05/11/2023
Quotes attributed to UAE Climate Tech
Thanks to the wise leadership's vision
05/09/2023
Banking job boom and surging salaries in Saudi Arabia
According to recruiter Hays, most banking professionals in Saudi Arabia can earn around 20% more than their Western counterparts.
05/08/2023
KPMG Report: Bold people strategies are crucial in achieving competitive edge in HR
Saudi Arabia has been introducing initiatives to build the capabilities