Babu Das Augustine, Banking Editor

Articles from the author

UAE banks’ H1 results to reflect improving economy

Profitability metrics of the top ten UAE banks to improve further from Q1

Starting next week, UAE banks will report their first half 2021 results reflecting continued improvements in profitability, cost efficiency and asset quality.

UAE Banking liquidity back to 2019-level: Central Bank

320,000 customers, including individuals and businesses benefitted from TESS

The overall liquidity of the UAE banking system returned to the pre-COVID level according to Abdulhamid M. Saeed Alahmadi, Governor of the Central Bank of the UAE (CBUAE).

Lower provisions, higher incomes lift Saudi bank profit

Loans and advances in Q3 grew at a faster pace than Q2 despite economic challenges

A Jeddah branch of the Saudi American Bank (Samba). The profitability outlook for Saudi banks showed signs of improvement as increased operating income and reduced provisioning supported return ratios.

Should property owners register for VAT?

Babu Das Augustine, Banking Editor at Gulf News, answers VAT questions and how it will affect your daily life

The VAT Law differentiates between the lease of residential and commercial property

GCC corporates could face VAT challenges

Highly competitive sectors or those with thin margins could face a cash flow burden

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Explainer: Key boosters for UAE growth

Direct government spending growth vital for recovery

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UAE's remote banking comes of age in COVID-19 times

Banking sector takes the lead in combating virus by using digital services

UAE banks had already put in sufficient resources on their digital services. At the time of the COVID-19 outbreak, these systems have proved robust enough to deliver all needed transaction services.

GCC banks face rating pressure from COVID-19 impact

Strong capital and liquidity buffers to keep banks safe from systemic risks

Customers use ATMs inside a bank in Saudi Arabia. Downward pressure on profitability and loan quality due to deteriorating operating conditions resulting from low oil prices and the impact of coronavirus (COVID-19) outbreak is likely to result in more credit rating downgrades of banks in the region, according to rating agencies.

Dubai Free Zones Council launches stimulus package

Package includes initiatives aimed at enhancing liquidity and reducing cost for companies

The Jebel Ali Free Zone. Dubai Free Zones Council announced an economic stimulus package to complement the Dubai Government’s efforts to overcome the current situation arising out of risks posed by the outbreak of COVID-19.

Pakistan likely to get IMF aid to fight COVID-19 impact

IMF happy with reforms and coronavirus relief efforts of Pakistan

A vendor in Karachi. The International Monetary Fund IMF has hinted that it is likely to give monetary support to Pakistan in its fight against economic impact of coronavirus (CVID-19) outbreak.

COVID-19: Drastic economic slowdown expected in GCC

Mena region likely to slip into recession due to oil prices and coronavirus impact

Oil exporting countries in the Middle East and North Africa (Mena), especially the GCC countries are expected to experience a drastic slowdown in economic growth due to the impact of coronavirus outbreak (COVID-19) and a plunge in oil prices

CBI to support coronavirus impacted customers

Bank to offer relief to all segments of its customers

A CBI branch in Bur Dubai. CBI has announced a series of measures to support their customers impacted by coronavirus across the UAE.

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