GCC banks need stronger safeguards amid geopolitical uncertainty, KPMG says
KPMG says banks can strengthen portfolios through scenario analysis, stronger governance and monitoring as geopolitical tensions threaten borrowers, funding conditions...
Analysis
Reading Dubai’s place on the UBS Bubble Index
The index scores the distance between current prices and their historic relationships with local rents, incomes and mortgage debt. A...
Analysis
Geostrategy
Biden’s Arab trip lukewarm, at best
The US president could not dispel the view that the Washington is no longer a reliable ally and he also...
- The US president could not dispel the view that the US is no longer a reliable partner and he also failed to connect at a personal level with the young GCC leaders, say experts
- He publicly invited UAE President Mohammed bin Zayed for a state visit to Washington. 'Why did he not extend the same thing to Mohammed bin Salman?' a professor asks
Analysis
Investors stay away as oil fuels tension in Iraq
The long-simmering dispute came to a head in February when the federal supreme court ordered Kurdistan to hand over oil...
- Iraq, the second largest OPEC producer, sits on enormous oil reserves, and revenues from the sector feed 90 percent of the federal government budget.
- The country exports an average of 3.3 million barrels of crude oil per day (bpd), while production in Kurdistan amounts to just over 450,000 bpd.
Analysis
More deals in sight as UAE-France ties strengthen
The past years witnessed the signing of dozens of agreements and memoranda of understanding between the two countries in various...
- Relations between the UAE and France date back to establishment of the UAE Federation when some French firms such as 'Total' helped UAE explore oil
- The past years witnessed dozens of agreements and MoUs between the two countries in various economic, cultural, military and environmental fields
Economy
Fear of global slowdown worries Gulf economies
The global economic stagnation is expected to impact the GCC growth due to the decline in industrial and economic activities...
- Economic stagnation has been a concern in many countries worldwide, especially in the Gulf states
- Economic stagnation is a concern in light of the growing inflation, rise in interest rates and disruption in supply chains
Analysis
Apex banks under pressure to deliver lower inflation
The world economies are staring at the deep recessions and more financial instability. If inflation does not moderate significantly over...
- Global bond and equity markets have been particularly volatile in recent weeks, says the latest Qatar National Bank report
- The main driver of the volatility was the multitude of negative prints coming from inflation figures in key economies, it adds
Arts & Culture
Reforms crucial to revive pandemic-hit culture sector
The sector also saw a decline of 25 percent of its Gross Value Added in 2020. However, while most of...
- The culture was one of the most seriously impacted sectors globally due to COVID-19 pandemic, with more than 10 million jobs lost in 2020 alone
- Revenues from the digital creative economy totalled US$2.7 billion globally in 2020, over a quarter of the sector’s overall revenue, says a report
Business
MENA gaming sector plays well with new technologies
The region's gaming industry is estimated to be worth $5 billion by 2025 with Saudi Arabia and the UAE leading...
- The region's gaming industry is estimated to be worth $5bn by 2025 with Saudi Arabia and the UAE leading the growth closely followed by Egypt and Qatar
- Although a spike in gaming consumption was driven by the pandemic, sustained growth is expected owing to a combination of factors, says market players
Market Report
Saudi Index at lowest levels since January
Saudi Stock Exchange's general index fell by nine points. Abu Dhabi market was below 9,200 points, Dubai market rose above...
- The Saudi Stock Exchange's general index recorded its lowest level since January and ended the week down by nine points
- The Dubai market managed to rise above 3200 points, supported by a rise in real estate and investment shares, during the week
Analysis
Growth likely to vary across regions and geographies
While the global economy has been slowing down, the picture looks very different across regions and geographies. This is based...
- While the global manufacturing PMI is still comfortably within expansionary territory, there are signs of a slowdown or even reversal of economic activity
- Nevertheless, different growth patterns can be observed across regions and geographies, a latest report by Qatar National Bank (QNB) has highlighted.
Arts & Culture
Dare to be different to make positive change: Joumana
Lebanese writer, journalist, and human rights activist Joumana Haddad tells TRENDS why she is unperturbed despite being one of the...
- Joumana Haddad pays a price for her strong voice advocating for the rights of people, addressing otherwise taboo subjects
- A big believer of self-expression, she uses her publication Jasad to tackle issues related to art, literature, and politics of the body
GCC banks need stronger safeguards amid geopolitical uncertainty, KPMG says
KPMG says banks can strengthen portfolios through scenario analysis, stronger governance and monitoring as geopolitical tensions threaten borrowers, funding conditions...
Analysis
Company News
The future is already here
Analysis
Latest News
Qatar’s economy remains strong despite global crises
YEARBOOK 2023
Oil prices fluid amid geopolitics, economic recovery
Geopolitical tensions, such as the Russian-Ukrainian war and the trade war between the United States and China, have sent shockwaves...
Business
Conservative-dominated US Supreme Court steers society sharp right
Washington, United States--One year after its ruling to erase abortion rights, the conservative-dominated US Supreme Court has underscored its determination to...
Analysis
Qatar’s economy remains strong despite global crises
The year 2022 was crowned with excellent ratings for the Qatari economy, as the S&P's credit rating agency raised the...
YEARBOOK 2023
Most Read
US Jews battle new ‘mainstreamed’ anti-Semitism
One day after hip-hop and fashion mogul Kanye West voiced a "love" for Nazis and 10 days after ex-president Donald...
- Experts said the most recent controversies underscore a difficult new-generation fight against bigoted memes and conspiracy theories about Jews
- Some of the new anti-Semitism has been propelled through Trump's MAGA movement and the parallel QAnon conspiracy community
Analysis
Over 200 days of Sheikh Mohamed bin Zayed as UAE President: Decisions, contributions and meetings
The UAE's policy will always support peace and stability in the region and the entire world, based on wisdom and...
- The foreign visits by President Sheikh Mohamed have helped the country in diversifying relations and strengthening strategic partnerships regionally and globally
- He has issued a number of laws and decisions that contribute to supporting the state's development and progress, and consolidating its position internationally
Analysis
It’s time to recount UAE’s achievements across sectors as the country celebrates its 51st National Day
Beside successfully addressing COVID-19, the country created a distinguished development model covering all political, economic, social, scientific and cultural areas...
- Beside successfully addressing COVID-19, the Gulf country created a distinguished development model covering all political, economic, social, scientific and cultural areas in 2022
- The UAE, through its ambitious national initiatives and projects, ncreases its international competitiveness and continues the development of its legislative structure this year