KPMG reports 10.7pc growth in region
KPMG in the Middle East and South Asia region has reported a 10.7 per cent growth in aggregated revenues of…
Financial Results
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Egypt index hits record high, Qatar buoyed by $44 billion bank merger plan
Egypt's bluechip stock index surged to a record high on Tuesday while Qatar's market was supported by a potential $44…
Fed-driven GCC rate hikes may trigger ‘lower growth, higher borrowing costs’
The hardening of interest rates in the Gulf Cooperation Council, in view of the US Federal Reserve’s future policy stance…
Kuwait central bank raises policy rate by 25 bps
Kuwait's central bank said on Wednesday that it was raising its discount rate by a quarter of a percentage point…
Saudi c.bank raises reverse repo rate 25 bps, keeps repo at 2 pct
Saudi Arabia's central bank said on Wednesday it was raising its reverse repo rate by 25 basis points to 0.75…
QIB wins ‘Best Islamic Bank in Qatar’ award
Qatar Islamic Bank has been named ‘Best Islamic Bank in Qatar’ by the World Islamic Banking Conference Performance Awards in…
Fitch Ratings: Qatari Islamic banking developing with a competitive edg
The growth rate of Islamic banks in Qatar was 7.2 per cent, while conventional banks grew at about 6.5 per…
Rising Unemployment Suggests Saudi Government Reforms Are Failing
There are further signs that the Saudi government is failing to keep its economic reform strategy on track, with some…
Moody's: stable outlook on GCC banking sector for 2017 – resilience to economic, funding pressures
"While operating conditions for banks in the Gulf Cooperation Council will remain challenging, the stabilisation of oil prices albeit at…
Ahli United Bank Kuwait affirmed with a stable outlook by CI
Capital Intelligence Ratings has affirmed the Financial Strength Rating of Ahli United Bank Kuwait’s at ‘A-’, with a ‘Stable’ Outlook,…
UAE monetary data points to tightening liquidity conditions
The UAE’s monetary data for October showed tightening liquidity conditions in the banking sector as deposits fell on a monthly…
Cybercrime cost UAE Dh5.14b this year
The financial cost of cybercrime to the UAE has reached $1.4 (Dh5.14) billion to date this year, an increase of…