Saudi oil struck, Fed cuts rates and China slows
The Noise In a widely expected move, the US Federal Reserve voted to cut interest rates for the second time…
Financial Results
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Revealed: Top 10 banks in the UAE
The UAE once again has the largest domestic banking sector in the Gulf region, with a 38 per cent share…
5.1 million employed in private sector by end of Q2 2019
Positive macroeconomic developments during the first and the second quarters of 2019 reflected on the UAE labor market as employment…
Abu Dhabi’s CPI slips 0.8% in 8 months
The consumer price index in the emirate of Abu Dhabi slashed by 0.8% year-on-year during the first eight months of…
UAE monetary base up to AED386.3 bn in August
The UAE monetary base increased to circa AED386.3 billion by the end of August, around 1.7 percent up from AED379…
Alvarez & Marsal releases UAE banking pulse report for Q2 2019
Alvarez & Marsal- Companies, investors and government entities around the world turn to Alvarez & Marsal when conventional approaches are…
Slow growth is new norm for Islamic Finance
The global Islamic finance industry will continue to expand at a slower pace in 2019-2020 due to geopolitical and economic…
Kuwait’s consumer spending growth maintains upward momentum in Q3
Consumer spending growth saw a better-than-anticipated pick-up so far in Q3, consistent with strong loan growth, a steady macroeconomic climate,…
Bond yields climb as ECB stimulus expectations adjust
Global bond yields rose yesterday, amid growing caution over the extent to which the European Central Bank will add stimulus…
UAE banks' 3-month deposits hit $145bn in July
The total value of three-month deposits in UAE banks amounted to Dh532 billion ($145 billion) in July, 2019, a 6.2…
GCC banking sector’s total assets grow on higher interest income
The GCC banking sector recorded one of the biggest growth in total assets during Q2-19 that reached $2.23 trillion. Sequential…
Islamic finance contracts estimated to reach $2.5tn by end of 2019, says Qicca official
The value of Islamic finance contracts is estimated to reach $2.5tn by the end of 2019 and is expected to…