Coronavirus hits Gulf banks in Q2 but full impact of bad loans looms
Most Gulf banks' profits plunged in the second quarter after a spike in impairment charges for expected credit losses, as…
Coronavirus
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KPMG lauds the Saudi government's agile Covid-19 response
Rapid and decisive measures taken by the Saudi government have helped the Kingdom limit Covid-19’s impact on its economy. This…
First Abu Dhabi Bank raises impairments to Dh1.06b
Abu Dhabi’s biggest lender joined its regional Gulf competitors in setting aside higher provisions to cover a spike in bad…
Gulf banks are weathering the pandemic storm — for now
A shiver went through the UAE’s financial community last week when Emirates NDB, the champion of the Dubai banking business…
COVID-19 disruptions hit DP World's first-half 2020 container volumes
Disruptions caused by the COVID-19 pandemic resulted in DP World handling 5.3 per cent lower container volumes in the first…
Alliance Global supports the MenaLabs in Dubai in the fight against COVID-19
Alliance Global has successfully installed and commissioned a PCR samples automation system at MenaLabs in Dubai. The system will greatly…
Global equities likely to remain volatile as rising number of new cases could potentially impact the pace of economic recovery
Global equity markets closed in negative territory during the week on the back of worsening bilateral relations between the US…
Really that Good, or that Bad? by Gary Dugan
A call on the market outlook is more complex than just buy or sell The rolling over of good economic…
Saudi financial services key to supporting economy, businesses: experts
The financial services sector in Saudi Arabia has been vital in supporting SMEs and the economy as the kingdom recovers…
S&P: Firms to delay investments
Gulf companies exposed to the the coronavirus disease (COVID-19) and weak oil prices may delay investments and keep costs down,…
Time ripe for banks to move towards green loans: BAB
The exceptional circumstances inflicted by the Covid-19 pandemic and its repercussions on business offer a favourable opportunity for banks to…
Optimism about personal finances is on the rise among UAE residents
The appearance of the Covid-19 pandemic has turned our familiar world upside down within a span of few months. YouGov’s…