UAE's 47 billionaires control $163bln wealth, says report
The number of UAE billionaires as well as their wealth shrank in 2019 due to lower oil prices, weakening of…
Comment & Analysis
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This is how the future work place will look post COVID-19
The COVID-19 pandemic has highlighted the need for a workplace that focuses on well being, flexibility and the adoption of…
S&P reaffirms Commercial Bank’s stable outlook
S&P Global Ratings reaffirmed on June 29th its stable outlook on Commercial Bank of Qatar, a short-term rating of A-2,…
Qatar’s diversified supply chain proven effective during pandemic, says Al Sayed
The economic impact of the COVID-19 pandemic has added a new stress to the global supply chain system which was…
Saudi Arabia can bridge budget gap through debt, says Citi Bank chief
Saudi Arabia has the capacity to help fund its budgetary needs during the COVID-19 crisis via a mixture of local…
Saudi wealth fund rethinks plan to change $10bn loan terms
Saudi Arabia's Public Investment Fund has suspended plans to change some of the terms of a $10bn loan it raised…
Pandemic prompts 'thousands of expats' to bid goodbye to Dubai
Thousands of British expatriates in the UAE have been rendered jobless by the impact of the covid-19 lockdown on the…
Saudi Arabia facilitates corporate money transfer abroad
Saudi Arabia’s Ministry of Commerce has addressed the problems facing companies and institutions in financial transfers outside the Kingdom, in…
Big Bank Merger Points to Trouble at Heart of Saudi Economy
When Saudi Arabia last saw a merger of two of its biggest banks, the oil price was recovering from a…
New M&A Wave Seen for Gulf Banks Trying to Outrun Virus Slowdown
The coronavirus-induced economic slowdown is prompting a new wave of consolidation talk among banks in the Persian Gulf. In…
Dubai’s early debt repayment will stand it in good stead
We could all do with a bit of good news amid the continuing carnage in the global economy in the…
Qatar’s banking sector needs further consolidation: Top bankers, analyst
A day after Qatar’s two Big Banks announced they are in talks for a potential mega merger, Qatar’s top bankers…