06/08/2020
Former Jumeirah CEO confident Dubai's tourism industry will bounce back
Gerard Lawless said there is plenty of opportunity for investors during current crisis
Research, Comment and Analysis
06/08/2020
DIFC posts 17.4% growth in reinsurance during 2019
The premiums cover different areas including marine, aviation, transport, health, property damage and liability
06/08/2020
Coronavirus impact: UAE banks plan 10-15% cut in workforce
Four out of five people in the global workforce are affected by full or partial workplace closures: ILO
06/08/2020
Shrinking interest margins hurt UAE bank profits
Operating income fell due to lower net interest income
06/05/2020
Abu Dhabi's economic priorities will not be influenced by COVID-19 hit
Oversubscription of $3b 'tap issue' follows an equally successful $7b offering
06/05/2020
EBRD announces winners of the 2020 Sustainability Awards
Sustainability underlies all EBRD operations and the Sustainability Awards recognise clients that the Bank works with that are also committed to ensuring sustainability is at the heart of their operations.
06/04/2020
Qatar is now a self-sufficient nation in different sectors'
What was clearly evident, however, was how quickly the country, and its citizens and expatriates worked together towards ensuring the sustained economic continuance of Qatar, Loayon stressed.
06/04/2020
Emirati unemployment in UAE stands at over 12,600
Hessa Bint Essa Huhamaid, UAE Minister for Community Development, said that 3,245 unemployed nationals have benefited social allowances since 2017
06/04/2020
Worst may be over for biggest Arab economies as businesses adapt
Non-oil private sector activity improved in Saudi, Arabia, Egypt and the United Arab Emirates
06/04/2020
UAE firms continued to reduce employment numbers in May - survey
"Input prices have begun to creep up, leading firms to make further cuts to staffing as sales revenues remain low," said David Owen, Economist at IHS Markit
06/04/2020
COVID-19 is turning many UAE expats with jobs into supersavers
Personal finance priorities have changed, and people now make a conscious effort to cut down on expenditures
06/03/2020
The Gulf’s sovereign wealth funds ‘need to be deployed’ amid coronavirus crisis, expert says
“Sovereign wealth funds have multiple objectives, but one of them is that they are rainy day funds, and this is a rainy day,” Tarek Fadlallah told CNBC.
06/03/2020
How MENA's largest broker EFG Hermes is coping with remote working
Egypt-based investment bank, which operates across four continents, started working remotely from mid-March 2020
06/03/2020
UAE and Saudi women control assets worth $326bln - BCG
Wealth managers need to personalise solutions to tap into women's wealth
06/02/2020
Turkish state banks handed lead role to boost economy
The latest announcement underscores policy makers’ determination to keep credit flowing through Turkey’s $750bn economy even with lending already growing at a record pace.
06/02/2020
Gulf Countries to Experience Worst Economic Crisis in History: IIF
The Saudi central bank said yesterday it would inject an additional $13.3 billion into the local banking system to help banks support the private sector, after consumer spending fell sharply in April due to virus containment measures.
06/02/2020
Lebanon’s economic rescue plan only buys ‘a few more years before we run into the next crisis’
Azar’s, and others, analysis is now published on Finance 4 Lebanon – a blog site created especially for the group by Elie Habib, co-founder of music streaming site Anghami.
06/02/2020
Kuwait-businesses to resume amid coronavirus
Banks will recommence business from June 2nd after a three-week postponement during the curfew, Kuwait Banking Association declared.
06/02/2020
Oman placing emphasis on innovation to boost prosperity
Oman is rapidly upgrading citizen services and driving business transformation.
06/02/2020
QDB highlights Qatar’s efforts in dealing with Covid impact on business sector
Al-Khalifa referred to the directives of the wise leadership to provide financial and economic incentives to the tune of QR75bn to the private sector.