Standard Chartered forecasts GCC economies to grow 2% this year
Standard Chartered economists expect budgets deficits across the GCC to narrow this year and are forecasting a pick-up in consumption…
Market Forecasts
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MENA fintech sector to attract US$2.5bn in deals by 2022, study finds
The current MENA fintech market is estimated at US$2bn and expected to witness an annual growth of US$125mn until 2022,…
Lebanon battling to maintain stability
Rivalry between competing powers in the Middle East is piling pressure on the economy of Lebanon, already under severe strain…
Lebanon to seek billions in Paris to keep economy afloat
Lebanon is hoping to raise billions of dollars at a France-led meeting Friday to stave off an economic crisis in…
UAE, Oman forecast to lead Gulf economic growth in 2018
Higher oil prices coupled with improved global economic conditions are expected to support growth momentum of the GCC countries, according…
Qatar’s top banks forecast to grow stronger in Q1, 18
Supported by strong balance sheet growth along with stable NIM (net interest margin), Qatari banks are expected to lead to…
Financial crunch time for Lebanon?
The Lebanese government will this week seek pledges worth billions of dollars of low-interest-bearing loans from international bodies at a…
How the UK is doubling down on GCC as a key economic partner
As the spectre of Brexit looms, speculation has swirled that the European Union’s loss will be the GCC’s gain. British…
Albaraka Turk says aims to double assets in the next five years
Turkish Islamic lender Albaraka Turk aims to increase both its loans and assets by around 15 percent a year for…
Swiss private bank Julius Baer bullish about Middle East growth
Julius Baer, the third-largest private Swiss bank with more than 388 billion francs ($410bn) of assets under management, said the…
NBO closes year 2017 on a strong note
National Bank of Oman held the annual general meeting of its shareholders, board of directors and executives at its headquarters…
Christie's CEO Says Art Market `Strong' Ahead of Dubai Sales
Christie’s, which is holding auctions of watches and post-war and contemporary art this week in Dubai, expects to build on…