Saudi Arabia: 21.5% Saudisation in the private sector
Recent statistics revealed an increase in the rates of Saudisation in the private sector during the third quarter of this…
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Egypt central bank forecast to keep interest rates unchanged
Egypt's central bank is set to leave its main interest rate on hold on Thursday, a Reuters poll showed, possibly…
Dubai property prices decline by 0.9%, rents fall by 6.9% in Q3 – central bank
Residential property prices in Dubai declined on average by 0.9 percent year-on-year (Y-o-Y) in the third quarter of 2020, the…
UAE GDP to shrink more than previously forecast, to grow by 2.5% in 2021 – central bank
The UAE's GDP is estimated to shrink about 6 percent this year, compared to a previous forecast of a decline…
UAE's first crypto library at Abu Dhabi’s Technology Innovation Institute
Abu Dhabi’s Technology Innovation Institute (TII), the applied research pillar of the Advanced Technology Research Council (ATRC), announced on Tuesday…
Consumers in the UAE excited about 5G technology
A new Oliver Wyman study has revealed that UAE consumers are happy to pay extra for the perks of 5G,…
PIF reshuffles top team ahead of big Saudi market moves
The Public Investment Fund (PIF) has bolstered its top executive team with a string of appointments of Saudi investment specialists…
Banking in the GCC: 2020 report
Despite the pandemic and its deep economic impact, the $2 trillion core GCC banking sector will weather 2020-2021 intact and…
Most major Gulf stocks rise; Qatar slips
Most major stock markets in the Gulf recovered some losses on Tuesday, a day after registering steep declines caused by…
Abu Dhabi bank unveils personal finance education initiative
Abu Dhabi Islamic Bank (ADIB) has launched an initiative to boost personal finance education among its customers and the wider…
Saudi Arabian Banks Face Heightened Pressure
The operating environment for Saudi Arabian banks has been more challenging since 1Q20 due to the impact of the pandemic…
Turkey’s economy in 2021 built on 2020’s legacy
The pandemic struck world economies no doubt faced two different seasons on the economy front in 2020. Governments watched their…