Qatar credit growth tops $274.6bn in 2020 says CB chief
The Qatari central bank governor said domestic credit growth exceeded QR1 trillion ($274.57 billion) last year, shrugging off the impact…
Comment & Analysis
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Slow Gulf economic recovery to have long-lasting impact on banks – S&P
Economic recovery from the coronavirus crisis in the oil-rich Gulf region will be slow, weighing on the region's banking sector,…
Are GCC families leading or lagging in sustainable investing?
By 2030, the world’s wealthiest are due to transfer $15 trillion of private wealth to their heirs, the next generation…
Saudi banks to lead the sector’s post-pandemic recovery
The profitability of Saudi banks will surpass those of its GCC peers in 2021, despite low interest rates and the…
Summit discusses development of ‘Open Banking’ in Middle East
The 10th Annual Middle East Banking Innovation Summit held in Dubai explored the latest advancements in financial technology and banking…
NBB provides free fire insurance to homebuyers
The National Bank of Bahrain has announced a new added feature to homebuyers whereby the Bank will be providing its…
Moody’s upgrades Beema rating to 'A3' with sable outlook
International credit rating agency Moody’s Thursday upgraded Damaan Islamic Insurance Company's (Beema) insurance financial strength rating (IFSR) to 'A3' from…
Endeavor selects EY to support scale-up programme in Jordan
Having beaten out 13 professional services firms in a competitive bidding process, EY is set to deliver consulting, training and…
UAE’s economy shows remarkable ability to overcome virus impact
In 2020, the UAE’s economy showed a remarkable ability to overcome the impacts of the coronavirus pandemic, with the Central…
Robust rise in capital spending, consumption to spur mild UAE rebound
Economic conditions in the UAE appear to be muted during the first quarter of 2021, but gross domestic product (GDP)…
Cover story: The key regional investment trends focusing on the wealth of the future
Gazing out of the glass on the 146th floor of the world’s tallest tower in Dubai, the Burj Khalifa, I…
Kingdom on course to meet investment goals: Trade minister
Saudi Arabia is on course to achieving its strategic goals of creating a business environment aimed at increasing local and…