A topsy-turvy May for GCC markets: Markaz

The S&P GCC index lost 5.62 per cent for the month due to regional geopolitical events and the inability of China and US to reach agreement on a trade deal.


UAE is home to 55 billionaires worth $165bn

Forbes magazine earlier this year featured seven Emirati billionaires in its annual list for 2019, same as last year, but the value of their assets declined year-on-year due to a slowdown in the global economy and a dip in property prices in the UAE.


GCC bank merger wave is ebbing

The ratings agency believes the reason for the current wave of bank mergers and acquisitions in the region is the desire among banks with the same major shareholders to further enhance efficiency, strengthen franchises, and boost pricing power.


Egypt Remains Attractive for Investors

Egypt’s debt is offering some of the biggest returns among developing nations, with the yield on its one-year T-bill around 17 percent, or more than triple the average for local-currency debt in emerging market.