UAE banks’ loan loss provisions surge 71.6% to $8.2bln
Banks in the UAE booked the biggest spike in loan loss provisions in the GCC with an increase of $3.4…
Comment & Analysis
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Franklin Templeton celebrates 20 years in the Middle East
Global investment management firm Franklin Templeton is celebrating 20 years of presence in the Middle East. The organisation with…
7% growth in global reinsurance capital, with signs of underlying combined ratio improvement: Willis Re
Total capital dedicated to the global reinsurance industry measured USD 658 billion at year-end 2020 reflecting 7% year-on-year growth. The…
Strategic imperatives for UAE banks amid pandemic-stricken change
Innovation, digitalization, customer-centricity, compliance and better management of cost and risk are some strategies that banks in the UAE can…
Deloitte advises education firm Al Faleh on its stock debut
Doha-based provider of education products and services Al Faleh is set to become the first ever company to be listed…
Dubai’s Alabbar to lead new digital-only UAE bank
Dubai businessman Mohamed Alabbar is to lead a new digital bank set to be launched soon in the UAE. …
Dubai improves ranking on lifestyle index as the rich continue luxury spending
Dubai has risen in the Julius Baer Lifestyle Index 2021, which tracks global prices and consumer behaviour in relation to…
GCC to lead Middle East's post-COVID economic rebound: IMF
The latest Regional Economic Outlook from the IMF said the available real GDP data in the region point to a…
Lenders push Saudi index down
Saudi Arabian stocks pulled back on Sunday with its banking stocks weighing down the index, while investors in other GCC…
KFH Demonstrates benefits of "It's Worth Transferring your Salary" Campaign
Kuwait Finance House demonstrated “It's Worth Transferring your Salary” Campaign that includes a wide range of offers and discounts to…
Challenger Banks in the Middle East: For The Digitally Savvy
This month, The Fintech Times is focusing on Challenger banks, their evolution and their successes. With challengers and neobanks thriving…
Qatar National Bank net profit falls 7% as provisions climb
Qatar National Bank (QNB) , the biggest lender in the Gulf, said on Sunday its first quarter net profit fell…