Saudi Central Banker Says ‘Too Early’ to Call Recovery V-Shaped
Saudi Arabia’s central bank governor said it’s “too early” to tell if the economy of the world’s largest oil exporter…
Financial Results
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Saudi Arabia is more optimistic than the IMF about its economy
Saudi Arabia, the Arab world’s biggest economy, does not share the International Monetary Fund’s outlook on the kingdom's economy and…
Allianz SF rights issue 93.8% subscribed
Allianz Saudi Fransi Cooperative Insurance Company (Allianz SF) announced that a total of 37.5 million shares of the newly offered…
Turkey Stocks Up Amid Ban on Short-Selling by Foreign Banks
Turkey imposed a ban on six foreign banks from betting against the nation’s stocks in a move that appeared to…
Dubai GDP records 3.5% decline in first three months
Dubai’s GDP (gross domestic product) recorded a 3.5 per cent dip in the first three months of the year, just…
Saudi net foreign assets rise for first time since January
Saudi Arabia’s net foreign assets rose in May, reversing three months of declines. The stockpile climbed by about SAR3bn…
UAE Islamic Banks: 2019 Results Dashboard
Key Message on 2019: Islamic financing and deposits accounted for 27% of total sector financing and deposits, respectively, at end-2019.…
CBE confirms financial soundness of banks operating in Egypt
The Central Bank of Egypt said that the nonperforming loan ratio declined to 4.1% in the Egyptian banking sector in…
Record $15.4bn in gold purchased by exchange traded products in Q1: Invesco
A record $15.4 billion in gold was purchased by exchange traded funds and similar products in Q1 2020 globally, equivalent…
Fitch affirms Qatar rating at AA-; outlook stable
Global rating agency Fitch has affirmed Qatar's Long-Term Foreign-Currency Issuer Default Rating (IDR) at 'AA-' with a Stable Outlook. …
UAE banks' profits to be hit by lower interest rates, high impairments in 2020
The UAE banks' profitability will come under pressure in 2020 due to lower interest rates, non-interest income and high loan…
GFH Financial Group get stable outlook from Fitch
GFH Financial Group has announced that Fitch Ratings, the international credit rating agency, has reaffirmed the Group’s rating Long-and Short-Term…