Deloitte 2020 Powers of Construction report: From C-19 “Respond” to “Recover”
The COVID-19 (C-19) pandemic and collapsing oil prices have had an unprecedented and compounding effect on the GCC Construction industry…
Financial Results
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Qatar’s banking sector remains resilient; sees 2.1% credit growth in H1 2020: Report
Despite the lockdown and other challenges, banks in Qatar proved their resilience against the impact of the coronavirus pandemic (COVID-19).…
Fitch Downgrades Arab Banking Corporation to 'BB+'; Outlook Negative
Fitch Ratings has downgraded Arab Banking Corporation B.S.C.'s (ABC) Long-Term Issuer Default Rating (IDR) to 'BB+' from 'BBB-' and its…
Gulf asset managers to face pressure amid twin shock – Moody's
Asset managers in most of the Gulf will face moderate-to-high pressure on their profitability over the next year to 18…
Saudi economy shows positive results after reopening
The 15th edition of Euromoney conference was virtually launched on Thursday, 3 September 2020. In partnership with MoF and the…
17 banks in Egypt report total EGP 18.565bn net profits in H1 2020
A total of 17 banks operating in the Egyptian market achieved combined net profits of about EGP 18.656bn in the…
Barwa Bank Group’s net profit rises by 12.5% in second quarter
Barwa Bank Group has reported a net income of QR529m for the second quarter (Q2) of this year ended June…
Turkish banks see 38% rise in net profits at end of June
Turkey’s banking sector registered a net profit of nearly TL 39 billion ($5.6 billion) as of the end of July,…
Ahlibank’s 5-year bond transaction raises $500mn
CEO: We are proud to see the outcome of our fourth bond issuance, which demonstrates the international investor community’s trust…
Saxo Bank MENA region client base grows by more than 150% contributing to a sizeable increase in Group net profits
Saxo Bank has reported a 150% increase in its MENA client base for H1 of 2020 compared to the previous…
Egypt’s external debt down to almost $111bn
The Central Bank of Egypt has announced, for the first time in years, a fall in the country’s external debt.…
Saudi shares lead Gulf markets higher as slowdown eases
Saudi Arabian shares led gains among largely positive Gulf stock markets on Tuesday, helped by a jump in financial shares.…