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Monica Malik

Monica Malik latest

UAE: Lending Appetite To Grow As Borrowing Costs Could Drop In 2020
January 19th, 2020 - 09:01 GMT

UAE: Lending Appetite Might Grow If Borrowing Costs Drop In 2020

Borrowing costs for personal, auto, and home loans in the UAE are most likely to remain stable, or could slightly drop in 2020. Most of the economists expect the US Federal Reserve to keep rates stable, but some see two rate cuts of 25 basis points this year. Since the UAE follows the Fed in policy rates, the Fed's decision will be directly reflected in the UAE's rates. However, some ...
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Although a lower deficit in 2016 is encouraging, Saudi Arabia faces a tough task to balance its budget by 2020. (File photo)
December 22nd, 2016 - 07:00 GMT

Saudi Arabia's 2017 budget: More spending cuts expected

A weaker pound and euro would hit the UAE hardest of the Gulf economies due to its large tourism and real estate sectors. (Shutterstock)
July 3rd, 2016 - 05:43 GMT

Brexit: Pros and cons for the GCC

Goals to reduce government spending on wages by 5 per cent (by SAR24 billion) will likely largely be achieved by not replacing the people leaving the public sector workforce and benefit cuts. (File photo)
June 9th, 2016 - 07:00 GMT

Saudi's bold reform targets require further formulation, economists warn

Salman’s announcement on Thursday suggested the government remained willing to spend heavily despite the hit to its oil revenues from low prices.
February 1st, 2015 - 06:45 GMT

King Salman and the nanny state: how the Saudi economy is about to sustain itself on 'freebies'

A tantalizing possibility is that King Salman could now accelerate some economic reforms that have been proceeding only slowly.
January 24th, 2015 - 03:10 GMT

'Fiscal juggling': just how many economic priorities will Saudi Arabia's new King have to focus on?

Real estate is one of the key sectors driving Dubai's growth. (Image credit: Shutterstock)
November 7th, 2013 - 05:48 GMT

Key sectors contribute to record UAE GDP growth

Kuwaiti energy analyst Kamil Harami sees the harm of shale production coming sooner for oil-producing Gulf Arab nations, along with Iraq.
September 25th, 2013 - 12:41 GMT

Should the Gulf be freaked out by the US shale boom?

Saudi's banks profits surge
October 3rd, 2012 - 06:00 GMT

Saudi Arabia's banks go from strength to strength

On an annual basis, real gross domestic product (GDP) expanded 4.3 per cent in the second quarter after a 5.9pc jump in January-March
September 3rd, 2012 - 01:16 GMT

Let the good times roll: Bahrain's GDP 4.3 % rise

Al Bawaba
February 19th, 2007 - 01:31 GMT

business leaders gather for investment summit

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