Featured
UAE Banks’ Bad Loans at Five-Year High as Property Slumps
(Bloomberg) –United Arab Emirates banks’ bad-loan ratio climbed to the highest level in more than five years as falling property prices and a sluggish economy took their toll on businesses.
That’s prompted some lenders in the second-biggest Arab economy to ease payment terms by extending loan maturities and lowering interest rate.
The ratio, which hit 6.4% at the end of September, compares with 1.7% in Saudi Arabia and 1.9% in Qatar at the end of June, according to data compiled by Bloomberg Intelligence.
-
IT2 months agoAI Zone, Digital Triangle Project Unveiled at COMEX 2025
-
Automotive2 months agoChangan Launches the All New CHANGAN CS75PLUS 4WD in Oman
-
Dossier1 month agoDossier Construction Awards 2025 Celebrates Pioneers in Construction, Infrastructure and Real Estate
-
Arts and Culture1 month agoROHM To Premiere Arabic-Language Grand Opera – ‘Sindbad: The Omani Sailor,’ on Oct 3 and 5
-
Insurance1 month agoLiva Insurance Sweeps Three Major Wins at Alam Al-Iktisaad Awards 2025
-
News2 weeks agoKitchenomiKs Secures Investment of US$3.2M Led by Jasoor Ventures
-
Healthcare4 weeks agoWassan Dental Centre’s Expanded State-Of-The-Art Facility Opens In Muscat
-
Magazines2 weeks agoOER – September 2025 Issue
