Pandemic may force GCC banks to cut dividends, drive future M&A
Banks in the Arabian Gulf could be forced to scrap 2020 dividends as profits plunge in 2020 due to coronavirus,…
Comment & Analysis
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FinTech to emerge stronger in post-coronavirus period, says Dubai Future Foundation
The financial technology industry will emerge stronger from the post-coronavirus period as more people turn to digital payments as they…
Confronting climate risk
After more than 10,000 years of relative stability—the full span of human civilization—the Earth’s climate is changing. Since the 1880s,…
Dubai leads GCC stock market decline in early trade
The UAE and other GCC stock markets fell on Thursday morning, in line with decline in other global markets. …
GCC outlook: Should we worry about inflation after COVID-19 bailouts?
It's a rough ride for the Gulf states. The pandemic is cratering businesses and people are losing their jobs, creating…
EMEA emerging market banks face rising risks amid lockdown, oil shock – Fitch
European, Middle East & African emerging market banks face rising risks due to weaker economic activity triggered by coronavirus and…
Fitch Revises Arab Banking Corporation's Outlook to Negative; Affirms IDRs
Fitch Ratings has revised Arab Banking Corporation B.S.C.'s Outlook to Negative from Stable, while affirming the bank's Long-Term Issuer Default…
Coronavirus has not changed the Middle East
The coronavirus pandemic does not respect borders. Middle Eastern countries have reacted differently and at different times. Eventually, however,…
Key cyber risks for banks during COVID-19
It’s an unfortunate fact that fraudsters tend to prey on unexpected events or challenges. When normality becomes disrupted, they see…
UAE stimulus to help SMEs, says Abdulla Al Saleh
Government officials and business leaders on Wednesday discussed the impact of Covid-19 and doing business in a new environment. …
UAE to review government structure, size in post-coronavirus strategy – statement
The United Arab Emirates will review the structure and size of its government as part of its strategy for dealing…
Saudi Arabia ‘Vision 2030’ plan cut by $8bn – report
Saudi Arabian austerity measures included cutting SAR30bn ($8bn) from programmes and mega-projects under the kingdom’s plan to end its reliance…