UAE banking sector remained positive during the fourth quarter of 2018
Financial safety indicators for the UAE banking sector remained positive during the fourth quarter of 2018 after the UAE Central…
Market Forecasts
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Central bank sees UAE GDP growth at 3.5% in 2019
The UAE's GDP will expand 3.5 per cent this year compared to 2.8 per cent in 2018, thanks to a…
The Brand Consult is set to redefine the UAE market
The UAE’s real GDP is expected to grow by 3.7 per cent this year, according to the IMF. Despite…
Turkey Enters First Recession in a Decade as Elections Loom
Turkey fell into its first recession in a decade, dealing a blow to President Recep Tayyip Erdogan as the country…
Property weighs on Dubai, most major Gulf markets fall
Dubai stocks fell on Thursday when its property firms declined, while bank shares hurt the Saudi market. Saudi Arabia's…
The rise of the super-rich: A five-year forecast
Asia is the biggest hub for billionaires, with their number in the region set to rise above 1,000 by 2023,…
Moody’s downgrades Oman on challenges to fiscal consolidation
Moody’s cut Oman’s credit rating to junk, saying its outlook for the rating was negative and citing fiscal challenges in…
United Arab Bank reports net profit of AED77 million in 2018
United Arab Bank, UAB, has reported its financial results for the 12 months ended on 31st December, 2018. UAB reported…
Growth in UAE economy to outshine those of other Gulf countries, thanks to non-oil sector
The UAE’s economic growth in 2019 is projected to top overall growth across the Gulf Cooperation Council (GCC) region, largely…
Deutsche Bank sees up to 15% MEA revenue growth in 2019 as economies improve
Deutsche Bank, the biggest German lender, expects up to 15 per cent year-on-year growth in revenues from its operations in…
Union Coop plans move into Abu Dhabi
Union Coop, is planning to expand outside its home emirate of Dubai, its CEO has said. Khalid Humaid Bin…
DenizBank's acquisition to be finalized soon
Dubai-based lender Emirates NBD will complete the takeover of Turkey's DenizBank in the first half of this year, DenizBank's current…