09/25/2020
Turkey hikes interest rate for first time since 2018
Economists attribute the current downturn to the coronavirus pandemic and a drop in Turkey’s foreign currency reserves.
Research, Comment and Analysis
09/25/2020
Sharjah issues new guidelines for travellers, residents can now return without prior approval
Travellers must present negative Covid-19 results prior to boarding and take another test upon arrival in Sharjah
09/25/2020
Female employment in top Mena companies low but improving, JP Morgan says
Women form only 4% of total board members in the top 50 Mena companies compared to about 35% in an index of European listed companies
09/24/2020
UAE's GDP growth for 2020 to contract by 5.2% - Central Bank
The non-hydrocarbon GDP in Q2 is estimated to have declined by 9.3% Y-o-Y, after a drop of 2.7% in Q1
09/24/2020
Singapore among countries likely to recover first; global economic recovery slated to stretch to 2023 and beyond: S&P Global Ratings
Singapore, along with China, Canada, Hong Kong, South Korea, and Saudi Arabia are among the banking systems that are likely to recover first from the Covid-19-induced economic downturn, says S&P Global Ratings. The ratings agency, in a report dated S
09/23/2020
What Are The Go-To Jurisdictions for Wealthy Middle Easterners and Why?
As a result Cayman remains a favourable jurisdiction providing substantive offshore structuring solutions for the region.
09/22/2020
Fund raising for Lebanon: Julius Baer Cares and Julius Baer Foundation support emergency relief efforts
The funds will be equitably distributed among the Lebanese Red Cross, the Lebanese Hospital Geitaoui, the Saint George Hospital University Medical Center and the Assameh Birth and Beyond Pediatric Unit in Karantina Hospital.
09/22/2020
Saudi Arabia's banking market is heating up as customers are increasingly looking for new offers and a differentiated banking experience
The results suggest that customers have multiple banking relationships and switch banks easily.
09/22/2020
SMEs impact on Qatar banking system asset quality low: Moody’s
Retail exposure is mainly to Qatari nationals where job losses have been negligible, and the real estate market is in a cooling-off period for the past few years and new lending to the sector has therefore been relatively limited.
09/22/2020
CBE expected to keep interest rates on hold Thursday
On an annual basis, this is due to lower food prices and weak consumer spending from HC Securities and Investment's point of view, who currently expect inflation to decline to approximately 5% in Q4 of 2020.
09/22/2020
COVID-19: Will salary cuts be the new normal in UAE?
The return of salaries to pre-pandemic levels is a selective process
09/21/2020
MEA Women in Fintech with Nejoud Al Mulaik from Saudi Arabia
Nejoud has worked for 10-years at JPMorgan Chase Bank in the corporate investment banking space.
09/21/2020
Qatar is ‘steady and strong on the path to recovery’ from Covid-19
Good planning in the form of the Qatar National Vision 2030, combined with a drop of good luck – the magic ingredient which can transform solid strategy into visionary foresight – has put Qatar in the driving seat for recovery.
09/20/2020
Will the chance to retire in Dubai appeal to British expats?
Arabian Business asks the experts whether the emirate's new retirement visa will be an attractive option for UK citizens
09/18/2020
Turkish banking sector’s credit volume increases
The Turkish banking sector – including all types of lenders – posted TL 30.87 billion in net profits during the first half of 2020, according to another report from the BDDK.
09/18/2020
Lebanese banks turning to France to outflank government rescue plan
An official at Macron’s office said it wasn’t aware of the meeting.
09/18/2020
Qatar, US support strong and united GCC
The two sides highlighted the strength of the bilateral relationship, opportunities to further deepen cooperation to benefit both countries, and the sustained implementation of previously signed agreements and arrangements.
09/17/2020
Forbes Identifies the Best Businesses in the Arab World
The total sales amassed by the businesses was $670 billion which represented $148 billion of net profits.
09/17/2020
Fitch affirms KIB’s long-term A+ rating, with stable outlook
KIB’s $2bln sukuk program in 2020 supports its growth, funding, and liquidity ratios, according to Fitch
09/17/2020
How Dubai is shaping up to be the new Silicon Valley for Indian techies
Growing trend of Indian firms working for UAE companies is reflected in the changing working week from Sunday to Thursday