Cash is no longer king: 69% of Middle East payments will be cashless in 2023
Almost seven out of 10 payment transactions in the Middle East will be non-cash in 2023, as the region catches…
Comment & Analysis
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Dubai’s industrial rents rise as e-commerce drives warehousing demand
UAE’s industrial rents have increased, driven by improved business confidence and high demand for e-commerce, according to Knight Frank. …
Bahrain-listed firms’ net profits triple to $2.8bln
Bahrain-listed companies saw their net profits triple to $2.8 billion in FY-2021 when compared with $870.2 million in FY-2020 on…
Study finds that less than 1/3 of IPOs in the GCC succeed
With 38 GCC market debuts, 2021 was the best year for new listings since 2007. Yet, the high volume of…
Kuwaiti banks’ performance likely to improve in 2022 helped by higher oil price: S&P
The operating environment for banks in Kuwait will improve in 2022 thanks to higher oil prices and continued recovery from…
GCC banks require monitoring once pandemic measures lifted: IMF
The Gulf Co-operation Council (GCC) banking sector requires close monitoring to contain financial vulnerabilities once the Covid-19 policy support measures…
EY: Two thirds of Middle East CEOs to pursue M&A in 2022
Two thirds of CEOs in the Middle East plan to pursue a merger or acquisition in the next 12 months,…
Some UAE banks ask for further temporary relaxations on key IFRS 9 compliances
A number of UAE banks, especially those with restructured loan exposures to corporates and SMEs, are seeking more - and…
Financial stability risks for Saudi Arabia's banking sector to remain contained despite rapid growth
S&P Global Ratings said that it expects risks to the stability of Saudi Arabia's banking system to remain contained, despite…
SAMA cautions bank customers amid surge in financial fraud
There has been a surge in incidents of financial fraud being practiced by unscrupulous people to cheat bank customers, according…
Beckoning a new dawn for real-time payments in the UAE
As the UAE moves closer to the introduction of its mandated real-time payments scheme, due for launch in the fourth…
Saudi Arabia sees major growth in NFC payments
In light of the quantum leap in financial technologies and related sectors, the Kingdom of Saudi Arabia has witnessed remarkable…