Stricter regulation and supervision of Saudi banks' large loan exposures to big corporate groups are necessary despite decent overall capitalisation, the International Monetary Fund has said.
Lenders in the w
Credit rating agency Moody's is still cautious on Gulf corporates as political turmoil weighs on the region despite a broader recovery under way currently, it said in a report.
Moody's said the wave of ratings downgrade seen during the pea
The leading businesses in the Mena region should take a wider responsibility for supporting skills-related issues within their industry and invest in education and professional development, said an expert.
While majority of them are showin
Newsweek Arabic Edition, a leading weekly magazine in the Arab World, is set to honour the top 20 corporate performers in the UAE during 2008 at a ceremony in Dubai.
'The Newsweek Award of Excellence Program,' aims to recognise top