Massive Credit Crunch To Hit UAE, Top Banker Predicts
ALEXANDER MCNABB: The comments are remarkable for their candour but really make perfect sense.
Prosperity Has Changed Us – Governments Need to Adapt
FRANCIS MATTHEW: The real political drivers today are not heads of government or ideologies. Despite the politician’s speeches, what really drives change is society itself.
Have the ‘Big Boys’ Given Up On Islamic Banking?
ROB L. WAGNER: HSBC’s decision to downgrade significantly the resources it devotes to Islamic banking has thrown the issue into sharp focus.
Saudi Consumer Debt A “Cause for Concern”
ROB L. WAGNER: There has been a staggering increase in consumer loan and credit card debt in the Kingdom.
Tunisia: Economic Woes Point To ‘Major Trouble’
AMINE GHALI, CGNEWS: With growth stagnant, foreign companies leaving in droves Tunisia’s new government faces huge issues
GCC: Winds of Change Kept At Bay – At What Price?
JAMES M. DORSEY: Their reluctance to be proactive rather than reactive has so far shielded the GCC from the revolt. The question is for how long, and what’s the price?
Audio: UBS, Rogue Trading and the Vickers Report
DAVID WESTLEY, BUSINESS BREAKFAST: Thursday’s announcement of a ‘loss’ of $2 bn (Dh7.35 billion) in “unauthorised trading” at UBS’ Delta One desk was spectacularly timed…
Saudi: Scramble to Meet New Labor Deadlines
ROB L. WAGNER: “We find ourselves sometimes forced to hire Saudis who aren’t qualified,” Jaad says, noting that some Saudis simply walk off the job without finishing their contract…
Omanis, Protests, and The Right to Pursue Success
MISHAAL AL GERGAWI: In stark — but unsurprising — contrast to the uprisings around the region, Oman’s protest did not call for the fall of its regime or even its ruler.
Talk but Any Progress on Horizon for Saudi Women?
AMERICAN BEDU: A forum held recently in Jeddah addressed issues of real concern to Saudi women. But will anything concrete come from the ‘talk fest’?
‘Surprise’ Poll – Banks failing to win over customers
Nobody I know who lives in the UAE is happy with their bank… Nobody has ever been able to recommend their bank to me.