‘The banking sector in Kuwait is in a sweet spot’
Theirs is one of the hottest cities on the planet, but Kuwait’s banks had a long wait for their day…
Comment & Analysis
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Creditable performance: Bahrain Association of Banks chief argues sector still in good health
The head of the Bahrain Association of Banks has said that the country’s lenders remain in good shape despite recent…
Middle East’s tally of ‘demi-billionaires’ keeps growing
The ranks of the Middle East’s super-wealthy are showing no signs of flagging. In fact, the number of individuals…
Banking sector credit in Oman grows by 6% till June 2018
The several regulatory amendments issued recently by the Central Bank of Oman (CBO) enabled more space for banks to extend…
Dubai luxury property prices slip marginally in year to end-June
Luxury residential prices in Dubai fell marginally by 0.8 percent in the year to the end of June, according to…
GCC distressed debt market needed to clear problem loans, say experts
The development of securitisation laws to allow for banks to package and trade distressed debts is one of a number…
Why Gulf Banks Are Merging Like Never Before: QuickTake
Abu Dhabi is considering a merger between three of its banks, potentially the emirate’s second tie-up between lenders in just…
New Report Reveals World’s Ultra Wealthy Population Growing at Nearly Four Times the Rate of Previous Year
Wealth-X, the leading global wealth information and insight business, released the 6th edition of its annual World Ultra Wealth Report…
Minister urges Bahraini talents to explore blockchain technology
Blockchain technology is a ‘true mark of progress’ and Bahraini talents and companies must take full advantage of it, a…
Turkish Banks to Meet $6 Billion of Financing Deadlines
Turkish banks may have to pay up once again as they rush to meet $6bn of financing deadlines amid the…
Dubai’s Abraaj receives $1 bid for fund unit
Dubai’s Abraaj Group has received a bid as low as $1 for its fund unit from private equity firm Actis,…
Platform technology provider boasts soaring assets
Assets held on platforms using GBST technology increased to more than £120bn in the six months to the end of…