02/05/2021

Saudi, UAE, and GCC banks facing major pressures in 2021

As regulatory forbearance measures are gradually phased out and the economy adjusts to the new normal, the cost of risk will remain elevated in 2021, increasing to 140 bps (from 80 bps in 2019), before starting to gradually normalize in 2022.

02/04/2021

CMA planning to launch XBRL disclosure portal

XRBL transfers financial statements and data using IFRS Taxonomies and coding readable by both reader and computers for easy access to the information therein and to compare the contents.