Dubai, UAE-- CEOs from around the world consider geopolitics and political uncertainty as the greatest risk to the growth of their business — be it navigating a company’s presence in a conflict zone or attempting to navigate disrupted supply chains and manage price fluctuations. The conclusion emerged from a survey...

Several aid organizations have warned of the outbreak of disease in the port city of Derna, after Sunday's flood submerged it, washing thousands of people and homes out to sea. The flooding left behind a trail of devastation after two upstream dams burst under the pressure of torrential rains triggered...

Lower oil production, high inflation, tighter monetary policies, increased borrowing costs, and the rising cost of servicing debt continue to strain the region's finances, data and analytics company GlobalData said in its Global Risk Report Quarterly Update -- Q1 2023. The region's risk score went up from 54.3 out of...

BERLIN, GERMANY - The European Central Bank (ECB) announced on Saturday it wants to monitor the liquidity of banks in the eurozone more frequently to reduce the future risk of a financial crisis. "We decided to send banks, starting in September, a request for information on a weekly basis, in order...

Successful business leadership requires that we innovate and embrace change. This means a commitment to seek paths untrodden, embracing new technologies, willingness to take risks, experimenting with new ideas and strategies, and focusing on creating sustainable, long-term growth, he adds.

Abu Dhabi, UAE--UAE Banks Federation (UBF) organised a virtual workshop on combating trade-and-credit-documents-based money laundering on Wednesday. The workshop comes as part of UBF's ongoing efforts to improve frameworks and procedures necessary to develop and maintain the highest levels of compliance and risk management at member banks. The workshop was...

Inflationary pressures, meanwhile, have eased by less than expected. Continued strength in the numbers has forced the Fed to turn up the hawkish rhetoric, and the market has responded by raising the expected terminal Fed funds rate while at the same time sending bond yields and the dollar higher, he...

There is a close link between cybersecurity and GRC and innovation plays a key role in governance systems. Organizations must first establish a GRC system in order to achieve cybersecurity objectives and create a secure working environment, he said while addressing the Dubai's GPRC Summit 2023.

The region was ranked the riskiest by the Global Risk Report Quarterly Update. But the GCC region stood out, offering some of the best supporting environments for investors.

Unstable political conditions in several Arab countries make them high- or extreme-risk places for businesses.

The Paris-based agency cautioned that the global economic recovery could be derailed unless governments take measures to reduce consumption and fuel prices that pose a threat to stability in some nations. Oil prices have surged from around $80 per barrel earlier this year to over $120 at times.

Russia's invasion of Ukraine has put financial markets under renewed stress by driving up prices and impeding growth, the European Central Bank said in a report. The war has "increased financial stability risks through its impact on virtually all aspects of economic activity", ECB vice-president Luis de Guindos said in...

War-torn Yemen faces an "extremely troubling outlook" after a serious escalation between Iran-backed Houthi rebels and Saudi Arabia, the head of the United Nations Development Program warned on Sunday.

At a landfill in southern Gaza, mounds of discarded batteries pile up, rusting cells that pose a growing health risk to Palestinians in the enclave.

Compared to Europe and US, cyber insurance is a profitable proposition for GCC firms due to amenable market factors such as low litigation environment.

The Central Bank of Kuwait (CBK) and Capital Market Authority (CMA) have launched a campaign to educate people about virtual assets (crypto currencies and coins).

Higher non-funded income, reduction in the cost of risk push profits up.