Opinion: Globalisation is evolving, not dying – just look to the Middle East
From the UAE to Saudi Arabia, the last decade has seen member countries open their borders ever wider to foreign…
Comment & Analysis
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Qalaa Holdings moves to losses in 2019
Qalaa Holdings announced turning to losses during 2019, the consolidated financial statements showed. The company incurred net losses of…
SABIC cuts capital expenditure after Q1 losses
Saudi Basic Industries Corporation suspended most of its capital expenditure after recording losses of SR950 million ($203.9 million) in the…
Saudi Arabia hit with Moody's downgrade, prepares for 'painful' measures — but can likely weather the storm
Saudi Arabia is preparing to enact “strict, painful measures” in the face of its worst growth contraction in two decades…
Qatar- Islamic finance gaining stronger foothold in China
As this year's GDP growth of China, the world's second largest economy and major manufacturing hub, is forecast to reach…
Faisal Omar Alsaggaf, CEO, National Commercial Bank
On how Saudi banks are helping achieve the country’s broader goals To what extent has the outbreak of Covid-19…
UAE central bank says GDP grew by 1.7% in 2019
The overall real GDP (gross domestic product) of the United Arab Emirates is estimated to have grown by 1.7 percent…
UAE banking sector remains resilient to global challenges
The UAE’s banking sector remains strong and resilient despite several challenges posed by global economic developments last year, according to…
MEA Retail Banks are the Strongest Believers in a Cashless Society, Prioritizing Digitalization to Drive Financial Inclusion: Study
6 in 10 banking executives in the Middle East and Africa (MEA) think cash will dip below 5% of retail…
UAE sees 78% surge in contactless payments: report
Contactless payments such as mobile wallet transactions have risen in hypermarkets across the region by 78 percent in Q1 2020…
GCC bank credit profiles to weaken despite massive economic stimulus
The credit profiles of GCC banks are set to weaken due to the coronavirus pandemic and lower oil prices despite…
Dubai Gold and Commodities Exchange records 'extraordinarily busy' April
The Dubai Gold and Commodities Exchange (DGCX) witnessed a 653.45 percent year-on-year growth in trading of its G6 currency portfolio…