Gulf banks' consolidation should boost lenders' profitability, Moody's says
The spate of bank mergers in the Arabian Gulf should reduce overcapacity in the overcrowded sector and boost lenders' profitability…
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KG Group acquires stake in Dubai-based Virtue Properties
Virtue Properties has expanded its shareholder base with the inclusion of K. Gupta, the new chairman and Rohit Gupta, vice-chairman…
Digital banking — a key enabler for Qatar’s e-commerce market
According to Fitch Solutions, “Qatar offers an e-commerce market worth almost $1.5bn in 2019. The Middle East and North…
First Abu Dhabi Bank plans to raise $750m in sukuk
First Abu Dhabi Bank, the largest lender in the United Arab Emirates, is expected to raise $750 million in Islamic…
Why UK should still appeal to Gulf investors despite Brexit doubts
The UK's real estate market should still hold appeal to Gulf-based real estate investors despite the uncertainties surrounding Brexit, according…
Cracks Start to Show for U.A.E. Banks as Bad Loans Set to Rise
Cracks are starting to show in the United Arab Emirates’ banking sector as a property and retail slump take its…
Dh90 million is the cost of most expensive villa in Dubai
The most expensive property sold in Dubai in 2018 was a villa in Emirates Hills spanning 28,719 sqft built-up area…
73% expats earn more in UAE than in their home country
The UAE has retained its position as the fourth best place to work in the world for the third time…
Banks buoy Saudi market, DAMAC drags down Dubai
Saudi Arabia's stock market rose on Tuesday, as rebounding oil prices lifted all its banks, while the Dubai index was…
GCC Equities Review: Oman struggles to attract attention
The Muscat Securities Market index was the second-worst performer of all the Gulf markets in 2018, dropping by 15.2 percent…
Citi rolls out wealth management hub in Abu Dhabi
Financial advisers could have to work harder to compete for business Global banking group Citi has opened its Citigold…
Riyad Bank selects Goldman to advise on merger talks with NCB
Saudi Arabia's Riyad Bank has chosen Goldman Sachs to advise on its merger talks with NCB. Saudi Arabia's sovereign…