Saudi Financial Sector Sees Remarkable Development
Saudi Finance Minister Mohammed Al-Jadaan said that work was underway to develop the financial sector in order to keep pace…
Market Forecasts
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UAE's business sentiments show 'marked improvement' in Feb on rising customer demand
Business conditions in the UAE recorded a ‘marked improvement’ during February, with the private sector recording gains in demand. There…
Saudi Arabia’s public debt sees quarterly decrease
Saudi Arabia’s public debt recorded the first quarterly decrease since the first quarter of 2017 — as far back as…
Abu Dhabi's FAB optimistic about growth in 2022 amid higher oil prices
First Abu Dhabi Bank, the UAE’s largest lender by assets, is optimistic about growth this year, supported by an increase…
Saudi Arabia's actual budget deficit in 2021 narrows to $19.6bn
Saudi Arabia reported a narrower budget deficit for 2021 from what was previously estimated in December, Ministry of Finance showed…
Return of margins: UAE banks see good times ahead
A combination of factors ranging from rapid recovery in economic growth supported by rising oil prices, pick up in loan…
Lebanon's banks scale back operations to weather financial crisis
Once the economy's crown jewel, Lebanon's banks are shutting branches and laying off employees in droves, resizing to the bleak…
Qatar's nominal GDP forecast at $203.9bn in 2023: Emirates NBD
Qatar's nominal GDP has been forecast at $203.9bn in 2023, according to Emirates NBD, which said both higher oil price…
Saudi Arabia sees a 770% growth in venture capital investments
Investments in Saudi Arabian startups grew by 770 percent in 2021, reaching a record-high of SR2 billion ($548 million), a…
Philippines, UAE Agree to Start Talks on Trade, Investment Deal
The Philippines and the United Arab Emirates, Manila's top trade partner in the Middle East, on Tuesday agreed to start…
EY: Unprecedented surge in MENA M&A activity in 2021, with 661 deals worth US$99bln
55% of all M&A volume in 2021 came from domestic deals Government-related entities accounted for 63% of the total disclosed…
QBA to support Qatari businessmen seeking investments in UK, says top official
The Qatari Businessmen Association (QBA) is keen to support Qataris seeking investment opportunities in the UK, according to its top…