11/27/2020
Most KSA and UAE consumers will spend during Black Friday
Over three quarters of consumers in Saudi Arabia and the UAE is planning to buy something this weekend, when the Black Friday and Cyber Monday shopping craze unfolds.
Research, Comment and Analysis
11/26/2020
Riyadh and Bahrain among world's top FinTech ecosystems to watch, according to new report
Startup Genome experts analysed FinTech ecosystems in dozens of countries across the globe
11/25/2020
UAE to allow 100% ownership of business for foreign nationals
This will create an ‘unprecedented explosion’ of direct investment in the country, says DeVere CEO
11/25/2020
Total deposits in Oman's banking sector grow 5% to $63bln
The nominal contraction in the economy was driven by a 20 per cent decline in the hydrocarbon sector, as well as the decline in the non-hydrocarbon sector by 9.9 per cent during the second quarter of 2020.
11/23/2020
Even the Turkey is Worried by Gary Dugan
The markets’ abiding hope is that the good news about a potential vaccine will overcome the near-term bad news about the impact of COVID-19 on global economic activity.
11/18/2020
How the region's payments market could fare in the next decade
Also in the pros list is that payments have kept pace with a changing economic landscape, in a show of agility and rapid digitalisation.
11/17/2020
Global firms eye green hydrogen projects in Oman's free zones
The international interest reflects the Sultanate’s perfect characteristics and being one of the 5 potential destinations for investments in clean energy.
11/17/2020
What's next for city leaders as city rankings shift??
Abu Dhabi, Dubai, and Shenzhen all gain ground
11/17/2020
Rising demand continues from the Middle East for French Alps properties
French resort of Saint-Martin-de-Belleville leads the Knight Frank 2020 Ski Index with annual price growth of 3.4%
11/17/2020
88% of employees in the UAE don't want to return to pre-pandemic, traditional work paradigms
Spending more time with loved ones (47%), saving money (41%), or working remotely (41%)
11/16/2020
Women should stop leaving money management to spouses. Here are 5 steps to catch up
A UBS Global Wealth Management survey of 1,800 married men & women recently found that nearly half of the women defer major financial & investment decisions to their spouses.
11/13/2020
New partnership to unlock €220 million for Egypt’s climate fight
The funding will be used by the EBRD together with two local banks to implement two climate action programmes designed to provide sub-loans to businesses for green investments in energy, water and resource-efficient solutions.
11/13/2020
British expats in EU face 'significant disruption' as UK banks close accounts
UK banks will no longer be allowed to provide services to customers in the EU without the right banking licences, when Britain formally leaves the bloc on 31 December.
11/12/2020
Despite Brexit, UK still key destination for wealthy Gulf expats
The number of High Net Worth Gulf expats living in the UK has increased by 28 percent in five years
11/11/2020
Swiss Re CEO Sees Global Risks Increasing: Future of Finance
Another risk is the surge in borrowing as government’s seek to prop up pandemic-hit economies, even with many balance sheets already stretched.
11/05/2020
Ahmed Saud Ghouth, Saudi banker and CEO of Alkhabeer
The company was selected following extensive data gathering with a focus on the Trust Index survey averages rated by female employees, consideration of female ratio in the business, and an audit of management policies and practices.
11/05/2020
Recycling plastics and metals a win for economy and environment
Only 10% of this waste material is recycled, reused or recovered.
11/04/2020
Bank of Israel Circular on banking transactions with the UAE
In parallel to enabling banking transactions vis a vis to the UAE, the Guidance also formally reminds the banks that the UAE is still considered a high risk jurisdiction for money laundering and terrorist finance
11/03/2020
Middle East: Why are the rich worried about their children running their businesses?
In the GCC, 49% of survey respondents feel that they are better prepared to run the family business as they have been raised in a business-owning background
11/02/2020
Oman FDIs up by 5.9% in the first quarter
The biggest sources of overseas capital were the United Kingdom with $19.6 billion; the United States with $4.66 billion; and the United Arab Emirates with $3.14 billion.