Saudi Banks to see double-digit asset growth by early 2020: Samba CEO
Samba Financial Group, Saudi Arabia’s third-largest bank by assets, expects Saudi banks to see double-digit asset growth by early 2020,…
Market Forecasts
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First Abu Dhabi Bank raises $1.1 bln in bonds – document
First Abu Dhabi Bank raised $1.1 billion in three-year bonds, a document issued by one of the banks leading the…
Bahrain's foreign direct investment soars 5.5%
The volume of direct foreign investment in Bahrain has increased by 5.5 per cent with a value exceeding BD11 billion…
Dubai hits 4-month high, top lender elevates Egypt
Dubai’s stock market hit a four-month high on Monday, partly lifted by its largest lender Emirates NBD as one of…
Aramco world’s most profitable company in 2018
Oil giant Saudi Aramco revealed yesterday it made the world’s biggest corporate profit last year, opening its secretive accounts for…
Banks’ lending growth to pick up pace in 2019
Banks are expected to witness an overall pick-up in lending book across GCC this year, supported by Government spending. …
UAE economy grew 1.7 percent in 2018 – state news agency
The United Arab Emirates’ economy grew by 1.7 percent at constant prices in 2018 compared to the previous year, slower…
Gulf banks to experience decline in asset quality in 2019 — 20
Asset quality of GCC banks are expected to face some amount of deterioration in the next 12 to 24 months…
Gulf Bank likely to suffer USD9.2m losses
Gulf Bank, one of the largest banks in Kuwait, is expected to register USD9.2 million of losses after being hit…
Abu Dhabi’s exports up 36.6% at Dhs17.2b in Q4
The value of exports through Abu Dhabi ports increased by 36.6 per cent from Dhs12.6 billion in Q4 2017 to…
Dubai’s long-awaited stats show economic growth slowed below 2%
Investors got their first chance in months to size up how Dubai’s economy has fared during a downturn in its…
Blue-chips lift Qatar, Banks boost Saudi
Qatar’s stock market rose on Wednesday, lifted by shareholder approval for an increase in foreign ownership limits at Qatar Fuel…