Sign inSubscribe

Search Site

VideosInforgraphics
Sign inSubscribe
Trends banner

Business, Banking & Finance, Video

AstraZeneca to invest $50bn in US

Bulk of funds to go into a Virginia manufacturing center.

UAB net profit up by 50% for H1

Total assets increase by 11 percent.

TSMC Q2 profit up 60%

TSMC is the world's largest contract maker of chips.

ADNOC shifts OMV stake to XRG

XRG is ADNOC's wholly-owned international investment company.

SIB H1 net profit $189m

The bank's total assets increased by $1.49 billion.

A glimpse into GCC’s financial evolution

By TRENDS Desk
September 5, 2023 5:38 pm
  • Driven by regulation, consolidation, and digitization, the region's financial services sector is undergoing a pivotal transformation
  • Dive into the TRENDS Explainer video to understand and navigate the evolving landscape of the banking sector across the region

DUBAI, UAE — The financial services sector within the Gulf Cooperation Council (GCC) stands at a pivotal juncture. As the winds of change blow, three major forces are shaping its trajectory: regulation, consolidation, and digitization. Each of these elements intertwines, creating a complex tapestry that institutions must decode if they are to succeed in this dynamic environment.

For those eager to grasp the nuances of this transformation, this TRENDS Explainer video offers a deep dive. Through its insightful content, viewers can gain a clearer understanding of the challenges and opportunities that lie ahead, ensuring they’re well-equipped to navigate the shifting sands of the GCC’s economic landscape.

[adinserter block="5"]

Most Read

UAE’s working mothers get extended maternity leave

The Gulf country is setting a new benchmark for supporting working mothers by doubling the mandated maternity leave to 120 days, Kathryn Martin VFS Global tell TRENDS.

Getting vaccinated is ‘the most patriotic thing’ to do

The Fourth of July is a sacred day in our country. A day of history, of hope, remembrance and resolve with promise and possibilities. Before me stands monuments of the…

Saudi Arabia to generate $150 billion in investments from its new transport policy

The government would provide thirty-five percent of the investments The rest of it, sixty-five percent, will come from the private sector Saudi Arabia expects to generate $150 billion from investments…

GCC healthcare: Transforming the region and impacting the world

PwC forecasts that AI could contribute US$320 billion to Middle Eastern economies by 2030, with healthcare predicted to see some of the largest gains relative to its current size

New-Age Growth Comes Home to the GCC

The region, fueled by ambition and massive investment, is rapidly advancing in technology and infrastructure, aiming to secure a leading role in the 4IR.

[adinserter block="4"]