Turkey’s current account deficit widens in July
Despite Turkey's large current account deficit, official reserves increased in July on the back of strong net errors and omissions…
Comment & Analysis
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UAE banks set for FY 2023 loan growth, profit uptick
Most large UAE banks are set for more loan growth and higher profits for full year 2023 due to a…
UAE unemployment insurance scheme: How to apply before deadline
The UAE’s Ministry of Human Resources and Emiratisation (MoHRE) extended the due date for fines to be imposed on those…
UAE luxury cars market on solid track
Sales of luxury cars in the UAE continue to boom with the country becoming among the top global markets. …
GCC banking sector sees growth in lending during Q2
The GCC banking sector witnessed continued growth in lending during the second quarter (Q2) of this year despite interest rates…
Kuwaiti bank nets highest in history
Kuwaiti banks have consistently set new records for their net profit margins, achieving their highest historical level by the close…
Egypt a rising star in green tourism, says Bain & Company
The tourism industry in Egypt has several routes towards increased sustainability, with some initiatives already under way. However, more still…
QNB: Official partner for ‘Future Assets Program’
QNB Group, the largest financial institution in the Middle East and Africa, provided its official partnership for the Future Assets…
Oman posts budget surplus of $1.7bn in H1 of 2023
Oman’s general budget recorded a surplus of 656 Omani million rials ($1.7 billion) at the end of the first half…
Network International’s half-year revenues reach $239m
Dubai-based Network International Holdings’ half-year revenues surged by 17 per cent to $239m compared to the same period a year…
Dubai office space demand surges 23% in H1 with prime locations growing in popularity
Office space demand in Dubai surged by nearly a quarter in the first half of 2023, an “unprecedented spike” led…
Financial industry ranks second in most hybrid multicloud deployments
Nutanix has announced the financial services industry findings of its fifth annual Enterprise Cloud Index survey, which measures enterprise progress…