Oman’s foreign reserves increase by 9% in May
Oman’s foreign assets reached 7.37 billion Omani rials ($19.1 billion) by the end of May, reflecting a 9 percent increase…
Comment & Analysis
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Saudi banks’ money supply increases 9% in June to reach $773bn
Saudi banks’ money supply rose 9 percent in June compared to the same month of 2023 to reach SR2.9 trillion…
The state of Saudi Arabia's economy mid-way 2024
The growth of Saudi Arabia’s economy is expected to accelerate this year, according to a new report from Strategic Gears.…
AlShamlan: KFH Achieves Best ESG Risk Rating among Kuwaiti Banks
Kuwait Finance House (KFH) Kuwait’s Chief Executive Officer, Khaled Yousef AlShamlan, emphasized that the bank’s inclusion in the FTSE4Good Index…
Moody’s affirms Islamic Development Bank’s AAA rating
Moody’s Investor Services has affirmed its AAA credit rating with a stable outlook for the Islamic Development Bank, driven by…
The Henley Passport Index
The Henley Passport Index is the original and most authoritative ranking of all the world’s passports according to the number…
GCC banks show strong appetite for regional expansion: Fitch
Gulf Cooperation Council banks are showing a strong appetite to expand their presence in major regional markets, particularly in Türkiye,…
Middle East workforce embrace upskilling to thrive in the age of GenAI and climate change, says new PwC report
Nearly half of the employees in the region are considering changing employers within the next 12 months. Employees prioritise skills-growth:…
UAE central bank's foreign assets surge to Dh750b
The Central Bank of the UAE has said it boosted its foreign assets by more Dh176 billion within a year…
Saudi Arabia’s big three banks continue their rankings ascent
Saudi Arabia’s oil sector may have contracted in 2023 due to weaker prices and Opec+ production cuts, but activity in…
Dubai high-end property sales undented by drop in listings, consultancy says
The number of homes worth $10 million or more that were sold in Dubai held steady in the first half…
Qatar Central Bank foreign reserves surge 3.88% in June 2024
The foreign currency reserves and foreign currency liquidity of the Qatar Central Bank (QCB) increased by 3.88 percent year-on-year to…