Connect with us

Hi, what are you looking for?

video

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.

more

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

Finance

Gulf banks have lost nearly a third of their profits during 2020, affected by the Coronavirus pandemic repercussions and the measures taken to confront...

Business

Gulf economic recovery from the Coronavirus will be slow, which will negatively affect the banking sector, Standard & Poor’s (S&P) credit ratings agency has...

Business

The Muscat Securities Market (MSM) said the profits of the Omani companies listed on the stock exchange decreased during 2020 due to the Coronavirus...