GCC banks face risk of surge in loan impairments in 2021
GCC banks are expected to face continued asset quality risks resulting in higher loan impairments and elevated provisions leading to…
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Egypt’s central bank issues LE 20B on T-bills Thursday
The Central Bank of Egypt (CBE), on behalf of the Ministry of Finance, is set to issue LE 20 billion…
Total deposits in Oman's banking sector grow 2.9% to OMR24.3 billion
Data issued by the Central Bank of Oman (CBO) indicated that the total deposits held with ODCs (other depository corporations)…
Middle East M&A activity records slow growth during H2-2020
Mergers and acquisitions (M&A) deal-making in the Middle East was slower in 2020 compared to 2019. There were 220…
UAE most competitive market in GCC; 4th globally
The UAE ranks number one overall as the most competitive emerging market in GCC, according to the annual Agility Emerging…
Interview: UAE's Bee'ah to explore waste-to-energy plant opportunities in the region – CEO
For a waste-management company, Sharjah-based Bee’ah is aiming high. It is helping the city become the first in the region…
Saudi's Anaam Holding to increase capital, targets $56mln
Saudi Arabia’s Anaam International Holding Group has announced its board recommendation to increase capital by SAR 210 million ($56 million)…
Saudi PIF invests in NBK Capital Partners' shariah credit fund
Saudi Arabia's sovereign wealth fund has become an anchor investor in a new $300 million shariah credit fund launched by…
Paul Gilbert leads A&M's Middle East restructuring practice
Bringing more than 25 years of experience to the region, Paul Gilbert has been named Head of Alvarez & Marsal’s…
UAE's FTA clarifies tax rules for owners of multiple establishments
Sole owners of multiple establishments in the UAE are required to obtain a single tax registration, rather than apply for…
Bahrain will continue on development path: minister
Bahrain's Finance and National Economy Minister Shaikh Salman bin Khalifa Al Khalifa stressed Bahrain’s resolve to continue to achieve desired…
Abu Dhabi to see 'spike' in new residential supply in 2021
Residential supply handovers in Abu Dhabi are expected to hit their highest level in approximately half a decade, as several…