Middle East Banks' Earnings Pressure Unlikely to Abate Before 2023
Fitch Ratings' 2022 sector outlook for Middle East (ME) banks is neutral, reflecting a modest expected economic recovery. Credit growth…
Market Forecasts
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UAE's weekend change: Banks and insurance companies set to be among first to switch
The UAE’s banking and insurance sectors should be among the first to move to the new workday and weekend change…
KPMG: Saudi banks post sturdy interim results, without any single domestically significant credit default
Total lending exposure of Saudi banks to the private sector is edging towards a SAR 2 trillion ($533.14 billion) mark.…
Global open banking market set to hit $43.15bn by 2026
The global open banking market is projected to reach $43.15 billion by 2026, up from $7.3 billion in 2018, according…
GCC banking sector net profits show increase
GCC banking sector net profits showed a q-o-q increase almost equivalent to the decline in loan loss provision (LLP) during…
Turkish banks will support new low-rates economic model, association head says
Turkish banks will support a "new economic model" based on low interest rates championed by President Tayyip Erdogan, Turkish Banks…
Al Rajhi Capital expects a budget surplus for Saudi Arabia in 2022
Saudi Arabia is set for a fiscal surplus of around SR25-SR45 billion ($6.7-$12 billion) in 2022, according to a report…
In banking relationships matter even with digital, says Habib Bank AG Zurich's Arif Lakhani
A UAE success story would go somewhat like this – set up a business, work at making it known, and…
Alvarez & Marsal releases UAE banking pulse for Q3 2021
While asset quality improves and risk costs decline, banks remain cautious on new loan originations Impact of cost efficiency measures…
Jadwa Investment revises up Saudi GDP growth in 2022, expects budget surpluses till 2023
Saudi investment bank, Jadwa Investment, revised its forecast for Saudi Arabia's GDP growth next year, while it expects the Kingdom's…
HSBC expects Qatar to continue strong economic growth
HSBC’s Global Economic Outlook virtual roadshow came to Qatar, with over a 100 of HSBC’s clients attending the online event. …
The Omicron Edition by Sanctum Wealth
• Omicron, the new COVID strain overwhelmed markets last week, but concerns appear misplaced as of now • The initial…