UAE ranks fourth globally for highest monthly spend on rent
UAE residents ranked fourth globally for spending the highest percentage of their monthly expenditure on rent, according to a new…
Comment & Analysis
9436 articles found
Shifting GCC’s approach to attracting foreign direct investment
Government-backed effort to increase foreign direct investment across GCC economies remain limited in their effectiveness – further hindered by a…
How a new way to think about ESG can create value for banks
Governments around the world are rapidly evolving laws and regulations to stimulate the adoption of environmental, social and governance (ESG)…
Global sukuk issuance hits record $100bln in H1 2021- Refinitiv
Sukuk issuance gained momentum in the first half of 2021 as total issuance reached $100 billion compared to $88.7 billion…
Syria's Assad says funds frozen in Lebanese banks biggest impediment to investment
Syrian President Bashar al-Assad said on Saturday the main impediment to investment in the country was money stuck in ailing…
HSBC collects five Euromoney Middle East Awards
HSBC has collected five awards at the 2021 Euromoney Middle East Awards for Excellence, including the Middle East’s Best Bank…
Sharjah Islamic Bank's net operating profit increased 26%, net profit 15%
Sharjah Islamic Bank has announced an increase in its operating profit before provisions by 25.6%, amounting to AED 417.3 million for…
Sustainable investments account for more than a third of global assets
Sustainable investments total $35.3 trillion, or more than a third of all assets in five of the world's biggest markets,…
Qatar Central Bank announce Eid Al Adha holiday for financial institutions
Qatar Central Bank announced on Thursday that Eid Al Adha holiday for all financial institutions in the country, including banks,…
Fitch revises Saudi Arabia's outlook to stable
Global ratings agency Fitch on Thursday revised Saudi Arabia's Outlook to stable from negative, citing significantly higher oil prices and…
Burgan Bank announces working hours during Eid Al-Adha holiday
Burgan Bank has announced that it will be officially closed during Eid Al-Adha holidays, starting from Monday 19 July until…
UAE Central Bank Sets Roadmap for CBDC Launch
The Central Bank of the United Arab Emirates has become the latest monetary regulator with an interest in issuing a…