03/07/2022
UAE banking sector on path to recovery: S&P Global
The UAE’s economic activity will accelerate in 2022 due to higher oil prices, supportive government policies, and normalizing non-oil activity
Research, Comment and Analysis
03/07/2022
UAE central bank wins top award
The banking regulator had unveiled a number of new initiatives to support the UAE’s financial sector
03/07/2022
Saudi Financial Sector Sees Remarkable Development
The document indicated that lending will have a fundamental role through the launch of the Small and Medium Enterprises Bank
03/07/2022
Qatar’s insurance penetration may remain stable until 2026: Alpen Capital
The non-life segment is estimated to grow at a CAGR of 4.7% to reach $1.8bn by 2026, aided by expected recovery in economic activity, tourist arrivals during the 2022 FIFA World Cup, infrastructure developments in the run up to the mega event, and roll ou
03/04/2022
EDB and Saudi Arabia's Social Development Bank in talks to deepen collaboration
The two lenders will explore opportunities to support companies that focus on innovation
03/04/2022
Omani official looks to build on buoyant trade ties with Qatar
Assila pointed out her country's desire to expand the areas of partnership with the Qatari side
03/04/2022
Business conditions in Lebanon still deteriorating, but at a slower rate
The country’s purchasing manager’s index rose once more in February, but is still below the level that indicates improvement in business conditions
03/03/2022
UAE Central Bank approves creation of 5,000 jobs for Emiratis in banking, insurance sectors by 2026
During the meeting, Sheikh Mansour was briefed on the progress of the implementation of plans
03/03/2022
UAE's business sentiments show 'marked improvement' in Feb on rising customer demand
Latest PMI numbers show businesses citing higher orders coming through
03/03/2022
CEO Mally Bitzur-Parnes on Tefen’s 40 years in business
In the past year and a half of the corona pandemic, Bitzur-Parnes has seen first-hand how successful companies and individuals have adapted to the challenges presented by the pandemic.
03/02/2022
Saudi Arabia’s public debt sees quarterly decrease
The fall in public debt was driven mainly by the $5.52bln repayment of external debt
03/02/2022
Emirati's passion for modern technology surpasses global markets
According to a study conducted by Toluna
03/01/2022
PwC reports hightlights trend in Qatar’s real estate sector
The Real Estate Price Index (shown in the figure below) reached 223.54 in October 2021.
03/01/2022
Dubai tops 100 international cities in luxury homes price rise: Knight Frank
Dubai saw seven years of negative price growth with overall prices still 30 percent below their 2014 peak.
03/01/2022
Saudi Arabia's actual budget deficit in 2021 narrows to $19.6bn
The deficit for the fourth quarter alone was SR68.1 bn as the results were little changed from what the government announced in December.
03/01/2022
Large UAE banks to attain pre-pandemic level profitability in 12-18 months: Moody’s
"The four largest banks’ profitability rebounded to near pre-pandemic levels in 2021, largely reflecting robust non-interest income and softening loan loss provisions."
03/01/2022
Turkey’s banks may need capital increase, Fitch Ratings says
The capital injections may be needed for more of the country’s banks
02/28/2022
US-listed Brookfield to buy 60% of First Abu Dhabi Bank’s payment subsidiary
Proceeds from the sale will be used to support the Abu Dhabi lender's growth plans
02/28/2022
Return of margins: UAE banks see good times ahead
Rising interest rates and higher loan demand to boost loan yield
02/28/2022
GFH's rating affirmed and outlook revised to positive by S&P
Ratings supported by resilient revenue generation and improved business performance