Saudi banking outlook to improve
Confidence in the outlook for Saudi Arabia’s banking sector is gaining momentum as most leading banks have shown resilience in…
Market Forecasts
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GCC corporate earnings wanes
GCC corporates posted a negative one per cent growth compared to the same period last year. Saudi Arabia, Bahrain and…
Fujairah boom: The emirate seeing a rise in business, cultural and tourism projects
Fujairah, one of the seven emirates making up the United Arab Emirates, is witnessing an upsurge in new projects and…
Bahrain to post weaker growth in 2017
The IMF expects a growth of 2.3% for the country’s GDP this year, below the 3% of last year’s. Lower…
Kuwait economy to rebound in two years – WB official
The World Bank's Country Manager in Kuwait Firas Raad said the late 2016 OPEC and major oil producers' agreement, aimed…
Turkey Firms Ready $64 Billion Spending Spree to Leave Home
Robert Yuksel Yildirim had barely been at the family’s construction-materials business a year before the company won its first international…
CIO weekly from Gary Dugan – The Rise of US Country Risk
US political problems are masking challenging times ahead The lack of political leadership exacerbates the structural challenges Investors may question…
Turkey’s Akbank secures $1.2 billion loan for 2017
Turkey’s Akbank announced on Aug. 15 that it had secured another $1.15 billion equivalent multi-currency syndicated loan for 2017. …
Higher interest rates and cost cutting lifts Saudi banks outlook
Bank of America Merrill Lynch said it saw an improved outlook for Saudi Arabian banks due to higher interest rates…
UAE Islamic banks expected to report better profits in 2017
Profitability metrics of UAE based Islamic banks are expected to improve this year with lower financing impairment charges, however, profits…
Australian firms to explore opportunities in Qatar
Several senior business executives in Australia have expressed their keen interest to explore business and investment opportunities in Qatar at…
Moody’s puts Qatar’s banks on negative watch amid regional dispute
Qatar’s dispute with its Gulf neighbors has hit the country’s banking sector as rating agency Moody’s Investors Service changes its…