Lebanon's 'zombie' banks are broke, but no one wants to admit it
Mahmoud Ramadan knocked on a metal gate sealing a bank’s entrance in Beirut’s Corniche el-Mazraa street to no answer. …
Comment & Analysis
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UAE's private sector is adding jobs at fastest pace since July 2016, with October PMI at 56.6
New job creation within UAE’s private sector accelerated during October at the ‘fastest pace since July 2016’, according to the…
Dubai retains its position as world’s top FDI destination in H1-22
Dubai consolidated its status as the world’s leading foreign direct investment hub, retaining its first rank globally for attracting FDI…
Saudi: AlUla signs IBM to implement smart city project
The Royal Commission of AlUla and US technology mega-giant IBM have signed an agreement to help implement AlUla’s Smart City…
Central Bank of the UAE completes first real-value cross-border payment transactions
The Central Bank of the UAE (CBUAE) has completed the first and the largest scale pilot of central bank digital…
MENA debt issuances plunged 80% YTD to $18.3bln
MENA debt issuance amounted to $18.3 billion year-to-date (YTD) in 2022, plumetting 80% from the value recorded in the year-earlier…
Interest rate increases and macroeconomic tailwinds ‘to boost profitability of UAE banks’
Higher interest rates and a broad-based recovery of the UAE’s economy from the Covid-19 pandemic-induced slowdown are expected to boost…
UAE, Saudi Arabia pension systems improve, says study
The pension systems of the UAE and Saudi Arabia have improved their score, ranking 25th and 27th out of 44…
Global wealth set to contract over 2% in 2022
Global financial assets are set to contract by more than 2% in 2022, the biggest contraction since the great financial…
South Africa expresses support for Saudi Expo 2030 bid
South Africa announced it was backing Saudi Arabia’s bid to host the World Expo 2030 on Monday in a statement…
Qatari Banks’ Operating Environment Stronger; External Funding High
The domestic operating environment for Qatari banks has strengthened following high hydrocarbon prices, Fitch Ratings says in a new report.…
G20 finance leaders discuss key threats to the global economy
In the run-up to the G20 Summit next month, finance leaders from the group’s member nations held a conference in…