Bloomberg Intelligence Archives

Loans make up more than 70% of Gulf banks’ earnings assets that are largely floating-rate corporate facilities, and changes in interest rates have a huge impact on income from lending, according to the Bloomberg Intelligence report.

US rate cuts set to impact Saudi, UAE bank revenues

Written by Bloomberg

Sun 23 Jun 2019Thu 7 Oct 2021

Currencies in Saudi Arabia and the UAE are pegged to the dollar, and the two countries usually follow interest rate changes made by the US Federal Reserve

Latest in Bloomberg Intelligence

Dubai Islamic Bank approved a plan this week to proceed with the acquisition of smaller rival Noor Bank.

bank merger

Why a second merger wave may hit UAE lenders

Written by Bloomberg

Wed 12 Jun 2019Thu 7 Oct 2021

Bloomberg Intelligence report say banks in the UAE are seeking to improve profitability and tackle inefficiencies