Babu Das Augustine, Business Editor

Articles from the author

Loan rates in UAE set to climb higher in June, July

Borrowing to become expensive as both months are likely to see a 0.5% increase in rates

Rising cost of funds will not bode well for the nascent private sector recovery.

Qatar economy has World Cup and gas fuelling growth

EU plans to shift gas imports away from Russia will feed mid-term higher growth

Qatar economy is all set to fire all cylinders, and the World Cup is only one reason.

High oil prices insulate UAE from any recession

Hikes in interest rates will be a dampener and so will inflation

In the UAE's case, higher oil prices and the proceeds from them will give the economy ample cushion from a global recession. Plus, banks too have built in sufficient buffers through the years.

Here's why UAE banks are headed for profitability

UAE banking sector packs some heavy buffers in year-to-date

With higher interest rates, UAE banks are headed for pre-pandemic profitability

UAE private equity deals set for a return to form

Increased IPO flows in UAE provide PE firms with strong exit strategy: Gulf Capital CEO

Dr. Karim El Solh, CEO of Gulf Capital

UAE consumers have defenses against inflation

Dollar’s strength could make for cheaper imports and that is a good start

Imported inflation will be the biggest threat in stoking higher inflation . The dollar’s recent gains should offset some of that.

UAE residents to pay more for all kinds of loans

Rate hike sets up banks for higher net interest margins, and they won’t be complaining

Individuals and corporates who have fixed-rate loans will stand to benefit if their rates are locked for the entire term of the loan.

UAE law change has cheque defaulters seek settlement

But some cheque related offences still count as criminal

The crime of forgery relating to cheques will be punished with imprisonment for no less than one year in addition to a penalty of no less than Dh20,000 and not exceeding Dh100,000.

UAE is ready with first dirham treasury bond

Dh1.5b treasury bond auction to go live on May 9

There will be multiple auctions of Dirham-denominated treasury bonds, with the first set for Monday (May 9).

UAE personal loan demand at its highest since 2014

Banks are fuelling credit growth as UAE economy ticks along nicely

The latest UAE Central Bank credit sentiment survey offers good tidings for banks and their clients, business and individual.

Can UAE GDP hit 6.3% growth in ’22?

IIF forecasts much higher growth for UAE than IMF’s latest estimates

Higher oil will help Gulf states to wipe out fiscal deficits and end the year in surplus territory.

NRIs find loans for stock buys can turn costly

In the last 2 years, NRIs had been tapping UAE banks to play the Indian stock market

Indian stock markets have been turbulent since January, and it is piling on some real pressure on NRI investors who had taken out loans to ride the earlier market wave.

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