Bank Audi Consolidated Activity Highlights as at End-March 2016
Lebanon’s real economy witnessed a slight improvement in the first quarter of 2016, yet from a low base in the…
Comment & Analysis
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Credit Suisse Publishes Sixth Annual Emerging Markets Consumer Survey
The Credit Suisse Research Institute has published its sixth annual Emerging Consumer Survey a detailed study profiling consumer sentiment and…
Massive shift of deposits to larger banks to hurt economy, warns report
The emerging trend where deposits are being shuttled from smaller banks to the larger banks is counter-productive to the country’s…
Reliance on credit cards in UAE is good for banks but bad for economy
Perusing this week the latest central bank credit sentiment report, a survey that gives an indication where demand for debt…
Wealth masters hail Dubai for churning out millionaires
Four globally acclaimed ‘wealth masters’ coming to Dubai next week for a top financial summit have hailed Dubai for its…
A 30-year-old prince's bold vision for Saudi Arabia
Saudi Arabia's 30-year-old deputy crown prince's ambitious economic "vision" to diversify the economy could include 5 million new jobs for…
Fitch Downgrades 7 Saudi Arabian Banks; Revises Outlook of 4 Others to Negative
Fitch Ratings has downgraded the Long Term Issuer Default Ratings of seven Saudi Arabian banks. The affected banks are…
Middle East M&A reach $4.7 billion in Q1 2016
Middle Eastern investment banking fees reached $178.2 million during the first quarter of 2016, a 17 per cent decline compared…
Layoffs at Emirates NBD bank
Dubai’s largest bank has laid off 300 members of staff. A spokesperson for Emirates NBD told Reuters that 100…
UK firms see abundant opportunities in Qatar
The Opportunities in Qatar event organised by the Arab British Chamber of Commerce attracted a strong turnout from a wide…
UAE firms replacing staff with consultants, says report
Companies in the United Arab Emirates are reducing their long-term staff count and replacing them with short-term consultants in a…
Middle Eastern Mergers & Acquisitions reached US$4.7 billion in Q1 2016
Investment banking fees reached US$178.2 million in Q1 2016 Equity & equity-related issuance totalled US$228 million in Q1 2016 Debt…