Egypt's local bank deposits increase to EGP 3.268trn in June: CBE
The Central Bank of Egypt has reported that local bank deposits increased by about EGP 77.319bn during June 2020, to…
Comment & Analysis
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Kuwaitization gathers momentum: 50% of expats working for subcontracting firms to be laid off
Pink slips are already out for many expatriates working on contracts in Kuwaiti ministries, especially those employed in non-technical fields,…
NBK Warns Customers Against the Spread of Coronavirus Related Fraud
Al-Mulla: We are constantly communicating with our customers to ensure they are aware of all types of fraud National…
2020 IBM Report: Average cost per data breach incident in the Middle East stands at $6.53 Million
IBM Security has announced the results of a Middle East study examining the financial impact of data breaches on organizations…
Saudi banks’ investments in gov’t bonds down 4.6% in H1-20
Saudi banks have lowered their purchases of government bonds during the first half (H1) of 2020 by 4.6% year-on-year (YoY)…
UAE's hospital operators and insurers tussle over medical bills
The relations between UAE’s medical insurers and healthcare providers are coming under fresh strain, and if not resolved at the…
Global oil demand outlook is improving but downside risks persist, says NBK
With the pandemic raging in large parts of the southern hemisphere and persisting in heavy oil consuming economies in the…
ValuStrat: UAE real estate market ‘shaken’ by the Coronavirus pandemic
Home sales transactions fell by almost 50% between the first two quarters of the year as the effects of the…
'Explore financial restructuring options before it is too late'
With many companies already facing unsteady financial ground before the onset of this crisis, the economic consequences of Covid-19 will…
How are ME private sector leaders faring amid Covid-19?
Nearly 8 in 10 business leaders in the Middle East have been able to preserve business continuity and build enterprise…
UAE, Saudi Arabia, Egypt draw $11.2 billion of FDI inflows
The UAE, Saudi Arabia and Egypt drew up to 65.4 per cent of the total FDI inflows to the Arab…
RAK Bank to close 25% of its branches next month
The National Bank of Ras Al Khaimah (RAK Bank) will shut down nine branches from next month as demand for…