Ultra-wealthy people in GCC expected to grow by 26%
The number of Ultra High Net Worth Individuals in the Gulf Cooperation Council (GCC) is expected to grow by 26…
Comment & Analysis
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Knight Frank launches The Wealth Report 2020
We provide a whistle-stop tour of the current trends inside the latest edition of The Wealth Report and predict the…
UAE lowers interest rates in line with US move
The Central Bank of the UAE has it will lower interest rates applied to the issuance of its Certificates of…
Coronavirus impact: Investments in Dubai's DGCX spike over demand for safe assets
The Middle East’s largest derivatives bourse, the Dubai Gold & Commodities Exchange has seen a huge influx of investments, as…
Mideast Stocks: Gulf bourses gain as stimulus hopes offset virus
Major stock markets in the Gulf opened higher on Tuesday, extending gains from the previous session, on hopes that central…
QSE snaps six days of bearish spell to climb 43 points, lifted by real estate, telecom sectors
The Qatar Stock Exchange on Tuesday snapped six days of bearish spell and its key barometer rose 43 points, mainly…
Sharia council issues fatwa on coronavirus
On Tuesday, UAE’s Sharia Council issued a fatwa that prohibited those infected with or suspected of coronavirus from attending congregational…
UAE rules out any VAT increase
The UAE ruled out any increase the value added tax (VAT to be accordance with recent IMF recommendations. “We…
UAE, Saudi and Bahrain lower interest rates in line with Fed move over virus outbreak
Policy makers in the Gulf followed the US Federal Reserve’s emergency move on Tuesday, lowering interest rates in response to…
Saudi private sector strong in January but coronavirus may reverse growth
A relatively strong start to the year for Saudi Arabia's private sector may prove short-lived as the coronavirus outbreak is…
Life and critical illness claims surge in Middle East
The vast majority of the population in the Middle East considers themselves to be healthy, but the sum paid out…
UAE banking at a time of inflection
UAE—An attractive banking market with unique characteristics Most banking markets around the world have seen limited growth and profitability…