With millions still unbanked, one mobile wallet aims to cater to the many, not the few
Even in the UAE, an extremely affluent nation by the wider region’s standards, 60 to 65 per cent of the…
Financial Results
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Banking sector maintains strong liquidity despite a drop in deposits
The UAE’s banking sector liquidity continued to remain strong in the month of April despite sluggish growth in both deposits…
UBS tops 2017 Global AUM Ranking as first Chinese player enters the top 10, says GlobalData
The private wealth management industry had a very good year in 2017, as 25 global leading players increased their assets…
Islamic banking industry grew by 8.6% from 2016 to 2017
The number of full-fledged Islamic banks and Islamic windows of conventional banks in 20 countries stood at 178 and 84…
Dubai leads global real estate in return on investment with 7-8% annual rental yield as developers lure British buyers
Dubai currently leads the global real estate sector in terms of investment locations among the major cities, with returns averaging…
Where do Saudi, Dubai rank in world’s top billionaires’ list?
A new survey by Wealth-X, a US-based consultancy firm, revealed that the number of Billionaires in the region rose by…
UAE non-oil economic growth slows slightly: central bank
Non-oil economic activity in the United Arab Emirates grew by 3.1 percent from a year earlier in the first quarter,…
Cost of insuring Bahrain debt jumps as deficit jitters increase
The central bank’s net foreign assets hit a seven-month low of 533.2mn dinars ($1.41bn) in March, about 31 days’ worth…
UAE Central Bank publishes 2017 financial stability report
The report provides information on the strengths and vulnerabilities of the UAE financial system and the regulatory and policy measures…
World Insurance Report 2018
The World Insurance Report 2018 from Capgemini and Efma highlights the need for insurers to enhance digital agility to deftly…
Soaring profits push global dividends to a first-quarter record
Growing corporate profits pushed global dividends 10.2% higher on headline basis to $244.7bn in the first quarter, according to the…
Qatar bank assets rise 8.8% to $383.2bn in March: QNB
Banking assets in the country have grown 8.8% year-on-year (y-o-y) to $383.2bn in March, QNB has said in its Qatar…