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Gulf banks lost 32.2% of their profits during 2020 due to the pandemic

Gulf Banks
Business News Report

Recording profits of $25 billion in 2020 – the lowest since 2002, Gulf banks net profits in 2020 were the lowest in 7 years, in light of record allocations to avoid loan defaults.

Finance

Abu Dhabi index has hit a record high while most Gulf financial markets ended higher on Sunday after reopening after Eid break. Traders in...

Finance

The value of project investments in the Gulf hotel industry amounted to about $27 billion, according to Hotelier website specialized in hotels around the...

special

Standard & Poor’s has expected oil prices to reduce Gulf’s budgets deficit for the current year by the nearly the half. The agency expected...

News

At the time the world is trying to fight the Coronavirus pandemic, and amid the repeated economic shutdowns, labor rights violations have escalated in...