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…
Financial Results
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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…
QSE settles lower despite local retail investors' bullish pressure
Local retail investors were seen exerting bullish pressure on the Qatar Stock Exchange, which otherwise settled marginally lower. The…
Saudi banks’ profitability improve on lower provisions and higher income
The profitability outlook for Saudi banks showed signs of improvement as increased operating income and reduced provisioning supported return ratios,…
Azizi Developments records sale of 315 retail units worth AED 458.68m
Azizi Developments has noted a substantial surge in demand for its retail units across projects in the fourth quarter of…
Saudi banks stay resilient amid pandemic
Saudi Arabian banks’ mortgage finance continuing to record significant growth for the first time, says the KPMG Q3 2020 Saudi…
GCC banks 'to face pressure on loan quality, profitability in 2021'
Operating conditions for GCC banks will remain difficult and loan quality will deteriorate but remain sound in 2021, says a…
Qatar shares edge higher amid bullish outlook
Arab funds’ increased net buying and their domestic counterparts’ bullish outlook on Monday lifted the Qatar Stock Exchange by another…
UAE’s loan growth and liquidity pick up pace in Q3-2020
Total credit in the UAE increased 0.8 per cent quarter-on-quarter, reaching Dh1.8 trillion at the end of September. On an…
Turkish banking industry loans shrink slightly after central bank rate hikes
Turkish banks’ total loans shrunk slightly in the week ending Dec. 4 after the central bank hiked interest rates and…
Major Gulf indexes off to mixed start
Major Gulf stock markets were mixed in early trade on Thursday with the Abu Dhabi index leading gains boosted by…
GCC Islamic banks' pressured asset quality and earnings; stable capital and liquidity
The 2021 sector outlook for Gulf Cooperation Council Islamic banks is stable, reflecting a modest expected economic recovery, Fitch Ratings…