05/05/2020
UAE banking sector remains resilient to global challenges
Banking sector recorded significant gains on key indicators last year, says Central Bank
Research, Comment and Analysis
05/05/2020
MEA Retail Banks are the Strongest Believers in a Cashless Society, Prioritizing Digitalization to Drive Financial Inclusion: Study
Middle East and Africa (MEA) retail banks believe delaying digitalization poses genuine threats to their business models
05/04/2020
Digital technologies to play key role in fighting COVID-19: Al Mansoori
G20 Digital Economy Ministerial Meeting discusses joint response to coronavirus outbreak
05/04/2020
Fitch places two Egyptian banks on rating watch negative
Fitch has revised its support rating floor for CIB down to 'B' from 'B+'
05/03/2020
Mastercard study shows consumers in Middle East & africa move to contactless payments for everyday purchases, seeking touch-free payment experiences
In a Mastercard global consumer study, seven in 10 in the Middle East & Africa say they use contactless payments
05/01/2020
Report: Green energy can save Middle Eastern economies
The study presents several scenarios
05/01/2020
Emirates will really miss its business travellers and high flyers
More than any of its rivals, the Gulf carrier relied on luxury-conscious customers to fuel profits.
05/01/2020
Qatar Airways' Boeing 787-9 'Qsuite 2.0' ready for take-off
When they begin flying, the longer-range Dreamliners will include an 'evolved' version of Qatar Airways' Qsuite business class.
05/01/2020
UAE’s banking sector acts quickly to provide relief
The UAE banking sector has acted quickly to provide essential support towards the banks and the customers with various relief and stimulus measures amounting to more than $70 billion, executed in line with regulatory guidance.
05/01/2020
UAE Exchange House's parent company now 'finds' $1 billion plus debt
Finablr investigation finds $1.3b in such loans which were later diverted
04/30/2020
What are the Middle East’s working from home habits?
76.3% of respondents work as well or better at home, with 42% saying that they are just as productive working at home as they are in the office.
04/30/2020
Credit profile of GCC banks to weaken over COVID-19, lower oil prices
Despite unprecedented stimulus, credit profiles are expected to weaken
04/30/2020
QSE gains more than 100 points on buy interests of domestic, Gulf institutions
Islamic stocks were seen gaining slower than the other indices on the market, where local retail investors were increasingly net sellers and foreign funds turned bearish.
04/30/2020
Dubai faces biggest risk from virus shock to economy in Middle East, Moody’s says
Dubai’s reliance on real estate, transportation and tourism makes the Middle East business hub the most exposed to the impact of coronavirus.
04/30/2020
Gold prices going to "pop" to $2,700, easily - Frank Holmes
Holmes added that the gold miners should also perform exceptionally well during periods of upward bullion price movements.
04/30/2020
Turkey's Akbank posts 7% drop in Q1 cons net profit
Akbank provides mostly banking services, but it is also active in the insurance sector through its branches Ak Insurance and AvivaSA Pensions and Life Insurance.
04/30/2020
UAE doing too little to stem money laundering and terrorist finance: watchdog
The UAE has tightened financial regulations in recent years to try to overcome a perception among some foreign investors that it is a hot spot for illicit money.
04/30/2020
Fitch: GCC bank credit profiles to weaken despite unprecedented stimulus
GCC countries announced monetary, fiscal and macro-prudential stimulus measures dwarfing any previously seen in the region.
04/30/2020
UAE Needs To Make “Major” Reforms To Tackle Money Laundering, Says Global Watchdog
The main component of the FATF mutual evaluation report deals with the effectiveness of the systems the UAE has developed and, in that regard, the country is often found wanting.
04/29/2020
Capital Intelligence affirms QIIB rating at ‘A’ with stable outlook
Capital Intelligence noted the bank has good liquidity, and enjoys strength in the retail sector, and most of the bank’s deposits are from the local market, even as non-domestic deposits make up a minimal share.