COVID-19 impact: Qatari banks to see high provisioning costs in 2021
Coronavirus pressures will keep provisioning costs high for Qatari banks this year as loan quality worsens, despite resilient 2020 results,…
Comment & Analysis
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COVID-19 hasn't drastically altered principles of doing business, says Jacky's Ashish Panjabi
Re-write the rulebook…. Or get disrupted. That’s the one message global businesses have been told will happen to them…
New report highlights Dubai’s startup ecosystem
Dubai Startup Hub, an initiative of Dubai Chamber of Commerce and Industry, in cooperation with Dubai Technology Entrepreneur Campus (Dtec)…
HSBC Tops Euromoney Poll For Trade Finance Service In Middle East
Businesses across the Middle East have voted HSBC the best bank in the region for trade finance service in the…
Deloitte report reveals how organizations can better prepare for future disruption; Climate change top concern among business leaders
Deloitte’s 2021 Resilience Report explores how organizations have coped with the tumultuous events of 2020 and identifies the traits that…
GCC sukuk issuance to moderate in 2021 with shrinking fiscal deficits
Sukuk issuances across GCC and key Islamic finance markets will moderate in 2021 as fiscal deficits decline amid higher oil…
Saudi's Riyad Bank announces $399mln cash dividend
Saudi Arabia’s Riyad Bank is set to distribute 5 percent cash dividend to its shareholders, the lender said in a…
Islamic financing growth to outpace conventional lending in GCC, core Islamic markets in 2021
Despite difficult operating conditions in most countries amid pandemic-driven economic downturns, demand for Islamic financing assets (lending) across the core…
Saudi Industrial Services set to distribute 8% cash dividend
The board of Saudi Industrial Services Co. has recommended the distribution of 8 percent cash dividend to shareholders for the…
Insurance sector helps Qatar shares cross 10,100 level
The proposed mandatory health cover requirement yesterday buoyed the insurance sector, lifting the sentiments in the Qatar Stock Exchange whose…
Private bank to close Dubai operation
Private banking group Arbuthnot Latham will close its Dubai office on 31 May 2021, International Adviser can reveal. The operation…
Israeli-UAE consortium is now in talks to buy Bahrain’s BFC Group
A consortium, consisting of Prism Group AG and Royal Strategic Partners, is in merger talks with Bahrain’s BFC Group Holdings.…