Middle Eastern families look west for wealth structuring
Jersey, Singapore, Switzerland and Guernsey have been ranked as the four most favoured jurisdictions by advisers to Middle Eastern families…
Comment & Analysis
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UAE banks lay off 930 employees, close 49 branches
UAE banks have laid off 930 employees, with local banks closing down 49 branches in the third quarter of 2019.…
UAE c.bank says monitoring job cuts in financial industry
United Arab Emirates’ central bank said on Saturday it is closely following recent job cuts in the financial sector, after…
Women making inroads in GCC’s political, fiscal environments
The appointment of Kuwait’s first female finance minister and the reappointment of the first woman to lead the Saudi stock…
Saudi economy set to grow this year, driven by non-oil sector – central bank
Saudi Arabia's economy is expected to grow this year, supported by the non-oil sector, despite a challenging global economic backdrop,…
The economic toll of the coronavirus – from iPhones to solar panels to tourism
COVID-19 has potentially serious implications for the global economy. Apple revised its revenue guidance, due to a slowdown at manufacturing…
NBK Offers Largest NFC-capable POS Network in Kuwait
We are committed to introducing the most advanced payment solutions in line with our leadership in the digital banking industry…
Kuwait banks seen stable despite subdued growth: S&P
The overall credit profiles of rated banks in Kuwait should remain stable in 2020, barring any unexpected increase in geopolitical…
EMEA emerging market sovereign borrowing will likely reach $473bln in 2020: S&P
S&P Global Ratings says it forecasts the gross borrowing of 53 emerging market sovereigns' in Europe, the Middle East, and…
Almost 74,000 Middle East millionaires control Dh2.75T wealth
The population of very high net worth individuals - those with a net worth of $5 million to $30 million…
Islamic Development Bank sells $2bln five-year sukuk – document
Jeddah-based Islamic Development Bank sold $2 billion in five-year sukuk at 40 basis points over mid-swaps, a document from one…
Why so few green sukuk? Sector still faces longstanding challenges, say practitioners
Green sukuk have gained popularity over the last few years among issuers and investors but they remain a small part…