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Profits of GCC banks hit record high in Q1

Total net profits for listed banks in the GCC countries reached a new record high during Q1 2023, mainly led by a steep quarterly increase in non-interest income that more than offset a decline in interest income in Qatar and Kuwait. ....

Saudi Arabia , Saudi Arabian , Kuwait Based Kamco , Kamco Investment ,

Oman's inflation expected to slow further in 2023

After experiencing one of the lowest inflation rates among GCC countries in 2022, Oman is expected to record an average inflation rate of 1.9 per cent for 2023, the lowest expected inflation in the GCC, according to the International Monetary Fund (IMF). ....

Saudi Arabia , Agriculture Organization , Central Bank , International Monetary Fund , Kuwait Based Kamco Investment , Kamco Investment ,

GCC banking sector profits surpass pre-pandemic levels

Profits of the GCC banks surpassed the pre-pandemic levels and reached another record level of nearly US$45bn during 2022. ....

Saudi Arabia , Silicon Valley Bank , Kuwait Based Kamco , Kamco Investment ,