CBUAE projects real GDP to grow by 7.6 % in 2022
The Central Bank of the United Arab Emirates projected the real GDP to grow by 7.6 percent this year, instead…
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Kuwait posts highest unemployment rate in Gulf for last 10 years
The credit rating agency, Fitch, expects Kuwait to record 1 percent growth in GDP in 2023, compared to 0.8 percent…
UAE delegation visits Scotland to discuss renewable energy, technology
Dr Thani bin Ahmed Al Zeyoudi, minister of State for Foreign Trade, led an Emirati delegation of business and investment…
Professional development is key for growth in Middle East advice industry
It’s an undeniable fact that the relatively recent pandemic proved to be a disruptive catalyst for the insurance sector in…
Emiratisation fines, job loss insurance, corporate tax: 5 new UAE laws that will come into effect in 2023
2022 has been a year of labour reforms and a new visa regime. As we gear up to step into…
Diversification of markets needed
Home remittances continue to fall. In the first five months of this fiscal year (July-November 2022), inflows of remittances totalled…
Central Bank of Bahrain increases key interest rates
The Central Bank of Bahrain (CBB) has decided to raise its key policy interest rate in light of international financial…
Dubai IPO boom sees banks target more Middle East deals in 2023
Dubai, the UAE in general and Saudi Arabia are defying the worst slump in IPOs since the financial crisis as…
Turkish bank goes live with Murex system & other news
In other news, BNP Paribas creates ‘Private Assets,’ Cboe Clear Digital achieves a key certification & Credit Suisse trades tokenized…
Majid Al Futtaim and Standard Chartered launch the region’s first sustainable supply chain finance programme
Majid Al Futtaim Retail, operator of the Carrefour franchise in the Middle East, Africa and Asia, and Standard Chartered Bank…
Middle East Becomes IPO Oasis Amid Cooling Financial Markets
The Middle East has become a bright spot among financial markets as IPO activity declines. Initial public offerings (IPOs)…
Saudi Central Bank raises interest rates by 50 bps
The Saudi Central Bank, known as SAMA, raised the Repo rate by 50 basis points to 5 percent, following the…