Saudi Arabia insurance sector set to see more M&As: Moody’s
The GCC insurance market is still fragmented, with about 190 competing insurance companies sharing a premium of almost USD 40 billion...
Tag : Gulf
S&P, FTSE reports bring cheers for UAE as Islamic Finance witnesses further growth
Dr. Mohamed Damak stated that S&P expects the Islamic Finance sector to grow at a high single-digit rate through 2024 and 2025, fuelled by financing needs in key countries...
Saudi Arabia & Oman to enhance trade partnership
Trade between Oman and Saudi Arabia was worth SR 22.5 billion, while Saudi exports to Oman totalled SR 36.8 billion...
UAE mandates private firms to reserve board seats for women
by WebAdmin
The UAE government portal states that women are disproportionately represented in the labour market, in specialised professions, and in emerging fields...
If oil stabilises below USD 70, what will it mean for Gulf markets?
Because oil is a significant export, there is still some correlation between oil prices and stock markets in the Gulf region...
Most Gulf-based business leaders confident of growth despite challenges
Most Gulf decision-makers are optimistic about the region's long-term prospects and believe it will establish itself as a significant hub for international business within the next 25 years...
Gulf banks see record profits as region’s net interest income increases
With a 6.3% increase in net interest income to USD 2.5 billion, Kuwaiti banks led this growth...
Infrastructure expenses spike super gasoline costs in Uganda
Uganda President Yoweri Museveni in 2023 attributed Kenya's government-backed gasoline importation agreement's 'middlemen' to the high fuel cost in Kampala...
Dubai’s Emirates NBD beats 2024 Q2 profit estimates, rebrands private banking unit
At the end of the 2024 second quarter, Emirates NBD's total assets increased to 931 billion dirhams, up 15% from 2023, while lending increased by 6% during the first half of the year...
Qatar sees fastest growth in non-energy sectors and household wealth
In June 2024, financial services companies in Qatar reported an even stronger increase in both new contracts and overall business activity...