UAE denies claims of capital controls, reaffirms free movement of funds
The UAE Ministry of Economy and Tourism on Thursday denied reports circulating on social media claiming that the country is…
Research & Studies
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BIBF CEO: Bahrain’s Financial Sector Continues to Operate with Strong Resilience and Efficiency
In line with the Central Bank of Bahrain’s confirmation that the Kingdom’s banking and financial sector continues to operate at…
Egyptian banks seen resilient to Iran conflict shocks, Fitch says
Egypt’s banking sector is positioned to absorb the potential economic spillovers from the ongoing Iran conflict, supported by strong capital…
85% of banks’ corporate clients plan to engage with a non-bank financial institution within the next year
Banks look to bolster AI expertise with external hires (40%) as upskilling proves challenging Only 29% of IT budgets are…
Investment banks in GCC continue operations, weigh in on capital market outlook
As the war between Iran, Israel and the US continues into its second week, investment banks in the GCC, which…
Gulf states activate emergency plan to ensure flow of goods amid geopolitical tensions
The Gulf States, through the Federation of GCC Chambers, have activated an emergency plan in coordination with the chambers of…
Banks, institutions suspend operations in Kuwait after Iranian attacks
Several banks and public institutions in Kuwait temporarily closed their main offices on Sunday because of ongoing attacks from Iran…
NBK confirms continuation of its operational activities in the region efficiently and smoothly
In light of the escalating military conflict in the Middle East, National Bank of Kuwait (NBK) is issuing an operational…
Gulf businesses reel as Iran strikes trigger regional shutdowns
Iran's retaliatory strikes across the Gulf have triggered the most widespread business disruption in the region since the COVID-19 pandemic,…
QST weighs options for Saudi business, including sale, amid Gulf AI boom, sources say
Data-center company Quantum Switch Tamasuk is considering strategic options, including a sale of its Saudi business, four people with knowledge…
UAE and Saudi Arabia are setting the benchmark in Gulf’s growing IPO scene
In the Gulf’s growing IPO scene, the UAE and Saudi Arabia have emerged not only as the region’s largest public…
GCC employers grapple with unfunded end-of-service benefits amidst reforms
In the GCC countries, there is an ongoing shift in the use of end-of-service benefits. While governments push for robust,…