Lenders hit by tightening liquidity and slowing credit growth
More than half of Emiratis and 50 per cent of other nationalities make monthly payments…
Reports suggest the bank will vacate its Emaar Square office
Currency fluctuations and an employee incentive scheme impacted the results
Profitability excluding last year’s Globalpharma sale was up 27 per cent
News of the sale saw FGB shares surge 11.9 per cent yesterday
Reports suggest the lender will return to its historic corporate focus
The UAE and Qatar are the most active Middle East countries using the RMB, finds report
Lender suffers 25 per cent YoY profit decline in Q4
Bank’s CEO described the performance as ‘remarkable’ given deteriorating sentiment
Chairman Sultan bin Sulayem will carry out the CEO’s duties and functions on an interim basis
The fund will reportedly include local assets managed by the Kuwait Investment Authority
Brent crude prices rose to over $32 per barrel on Friday
This year will be extremely challenging for the GCC region, writes Maha Al-Ghunaim
Banks remain unable or unwilling to finance SMEs, says Eureeca co-founder
IRENA report suggests renewable energy plans could save money and create hundreds of thousands of jobs
Outbound deals fueled by the region totaled $76.34bn
Report finds that the wealthiest 1 per cent owns more than the rest of the world’s population
The amount will be used to finance environmentally sustainable projects over the next 10 years
The Dubai-based lender posted a 32 per cent drop in impairment charges
Cuts follow the 350 reported in November at FGB, HSBC and Standard Chartered
GCC governments have slashed spending as oil prices continue to plummet
Another third of cash-strapped employees cannot save a single dirham a month
Research by MoveHub shows Qatar as the cheapest country on the world for food shopping
US money centre banks will outperform as interest rates rise in 2016, writes Matein Khalid
Dubai specifically has seen a spate of fire accidents in recent years
The country plans to begin levying value added tax in 2018
The lender attributed improved revenues and cost controls for the growth in profit
Low oil prices have raised speculation that the riyal could be unpegged from the dollar
Regional governments can generate at least 10 per cent of their gross domestic product through a number of non-tax revenue options, new research shows