Only in the UAE, a new 'selfie' credit card is launched
Most residents in the UAE will gladly complain about the recent rise in cold-calling for credit cards by banks –…
Market Forecasts
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Euromoney Saudi Arabia Set to Examine Opportunities of Kingdom's Economic Diversification
The need for greater economic diversification in the Kingdom of Saudi Arabia - and the opportunities that diversification will create…
Bahrain's banking liquidity remains strong
Commercial bank lending in Bahrain is expected to pick up after a slump, and the plunge of oil prices is…
Bahrain Central Bank Chief “Worried” About Banks’ Profitability
Bahrain’s central bank governor has warned of a possible slowdown in economic activity in the Gulf state due to the…
Israel becomes 20th central bank to cut rates this year
The Bank of Israel's decision to cut its benchmark interest rate on Monday has meant it has joined a wave…
Bahrain to remain a key center of Islamic finance
Bahrain is one of the historical centers of Islamic finance, and will continue to remain that way, despite increased competition…
Qatar investment slowing due to weak oil prices
A proposal by Qatar's Investment House for a 750 million-riyal ($206 million) flotation of an agricultural firm has been shelved…
UAE Foreign Minister Visits New Zealand, Talks FTA, Signs Agreements
New Zealand and United Arab Emirates or UAE signed a slew of agreements when its foreign minister Shaikh Abdullah Bin…
GCC’s sovereign funds make an outsize statement
Notwithstanding the sharp drop in oil prices through the second half of 2014, the value of sovereign wealth funds (SWFs)…
Why Oil Prices Must Go Up by James Stafford
It may be difficult to look beyond the current pricing environment for oil, but the depletion of low-cost reserves and…
Threefold rise in cyber security business expected in Arabian Gulf region
The consultancy KPMG expects its cyber security business to grow nearly threefold over the coming years in the Arabian Gulf…
Credit losses and low lending to hit UAE banks’ profits this year
Profit growth at five of the UAE’s banks is expected to slow this year because of lower lending and an…