Dubai outperforms in mostly quiet market; Bank Doha extends slide
Dubai's stock market was the top performer and Qatar's Bank Doha extended falls in an otherwise mostly quiet Gulf region…
Comment & Analysis
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Oman’s Bank Muscat signs $525 million loan
Bank Muscat, Oman’s largest bank by assets, has signed to obtain a $525 million syndicated loan, banking sources said. …
Is Kuwait Prone to Become a Financial Centre?
The history of Kuwait’s economy has been one intimately intertwined with oil. Once a regional entrepot for pearl diving…
UAE banks lead the GCC banking sector in terms of asset volume
Statistics from the Central Bank of UAE for FY 2016 show that the UAE banking sector has a total asset…
Egypt reforms must focus on investment: World Bank
Egypt needs to implement economic reforms aimed at encouraging more private investment and moving away from subsidies toward targeted transfers…
Home is where the mortgage is
Home ownership ambitions of residents in the UAE are alive and kicking with eight out of 10 non-home owners hope…
Dubai’s Mashreq bank looks beyond oil-rich countries for growth
Mashreq bank said that it is aiming to boost its international business in countries including China, India and Egypt to…
UAE is now one of the top 20 billionnaire capitals in the world
The UAE has for the first time broken into the world’s top 20 list of countries with the highest concentration…
UAE banks fully prepared for stricter capital regime
The UAE banks’ minimum common equity tier 1 capital (CET 1) ratio could increase to 12 per cent and capital…
Bank Nizwa continues to be hub for Islamic finance in Oman with conclusion of IFN Forum
Bank Nizwa, in partnership with Islamic Finance News successfully concluded the second ‘Islamic Finance News Forum’. Attracting an array…
ICAEW: GCC financial organisations must speed up their efforts and get ready for IFRS 9
GCC banks and financial institutions must speed up their efforts in preparing for International Financial Reporting Standards (IFRS) 9 or…
Credit Agricole Said to Weigh $2.4 Billion Saudi Stake Sale
Credit Agricole SA, France’s third-largest bank by market value, is considering a sale of its 31 percent stake in Saudi…