Will Gulf banks suffer from ‘long-COVID?’
Gulf banks are expected to experience a long lasting impact from the pandemic as asset quality deteriorates, Moody’s said. …
Coronavirus
765 articles found
Saudi banks to lead the sector’s post-pandemic recovery
The profitability of Saudi banks will surpass those of its GCC peers in 2021, despite low interest rates and the…
Summit discusses development of ‘Open Banking’ in Middle East
The 10th Annual Middle East Banking Innovation Summit held in Dubai explored the latest advancements in financial technology and banking…
UAE’s economy shows remarkable ability to overcome virus impact
In 2020, the UAE’s economy showed a remarkable ability to overcome the impacts of the coronavirus pandemic, with the Central…
UAE’s economy shows remarkable ability to overcome repercussions of COVID-19 pandemic
In 2020, the UAE’s economy showed a remarkable ability to overcome the impacts of the coronavirus pandemic, with the Central…
Caliber Consulting kicks off 2021 with three new projects
Caliber Consulting has kicked off the year in style, winning three consultancy projects across the Middle East. Dubai-based Caliber…
Pandemic to stall UAE banks' recovery in early 2021 – A&M
The pandemic will continue to affect profitability for banks in the United Arabia Emirates (UAE) in the early quarters of…
Bahrain bank waives loan fees for customers having had COVID-19 vaccine
A Bahraini bank has waived loan fees for customers vaccinated against the coronavirus disease (COVID-19), part of the country’s bid…
Saudi central bank extends deferred payment, guaranteed financing programs
Saudi Arabia’s central bank (SAMA) said on Sunday that it had extended a deferred payment program to support private sector…
Al Salam Bank Bahrain waives financing fees for vaccinated customers
Al Salam Bank Bahrain has launched a new campaign in support of national efforts to mitigate the spread of Covid-19…
National Bank of Umm Al Qaiwain seems to have seen off worst of COVID-19 impact
The DFM gained 1.66 per cent and ADX closed higher by 1.15 per cent in the week ended March 4.…
COVID-19 impact: Qatari banks to see high provisioning costs in 2021
Coronavirus pressures will keep provisioning costs high for Qatari banks this year as loan quality worsens, despite resilient 2020 results,…