UAE residents report fall in financial confidence in Q3
UAE residents saw their financial confidence drop significantly in the third quarter as they worried about the rising cost of…
Market Forecasts
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Qatar's Commercial Bank Q3 profit leaps on lower bad loan losses
Commercial Bank of Qatar the Gulf Arab state’s third-largest lender by assets, reported a jump in third-quarter net profit as…
Kuwait Finance House third quarter net profit rises 31.4%, beating estimates
Kuwait Finance House, the country’s biggest Sharia-compliant lender, said on Wednesday its third quarter net profit rose 31.4 per cent…
Saudi Arabia’s National Commercial Bank Q3 profit rises 10.2 pct
Saudi Arabia’s National Commercial Bank the kingdom’s largest lender by assets, reported a 10.2 percent rise in third-quarter net profit…
Dubai is Mena powerhouse
Dubai has retained its top position in the Mena region among the world's top 44 powerful cities in terms of…
FAB's profit up 12% on loans, advances
First Abu Dhabi Bank, UAE's largest bank by assets, reported on Monday 12 per cent growth in net profit to…
ADIB profit rises 4.5% to Dh589.5m in third quarter
Abu Dhabi Islamic Bank on Monday reported a 4.5 per cent year-on-year increase in 2018 third-quarter net profit to Dh589.5…
Banks’ Revenue Growth at Risk Due to Unprecedented Competitive Pressure Resulting from Digital Disruption, Accenture Study Finds
New entrants to the banking market — including challenger banks, non-bank payments institutions and big tech companies — are amassing…
Standard Chartered expects 5.5% growth for Egypt in 2019
Standard Chartered projected on Tuesday that the gross domestic product (GDP) growth rate of Egypt will rise by 5.5 percent…
Saudi crown prince says sovereign wealth fund will surpass US$600b target by 2020
Saudi Arabia’s Crown Prince Mohammed bin Salman said the kingdom's main sovereign wealth fund (PIF) will surpass its target of…
GCC economic growth seen gaining momentum in 2019
GCC countries are expected to see a pick-up in economic growth in 2018 and 2019, according to the latest forecasts…
UAE approves record budget
The UAE government approved a zero-deficit 60.3-billion dirham ($16.4 billion) budget for 2019 on Sunday, up 17% from this year’s…