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international

“THERE IS NOTHING TO MEDIATE”

A diplomatic row between Saudi Arabia and Canada was ignited last month by a tweet from Canada’s foreign ministry. Posted on August 3, the tweet said: “Canada is gravely concerned about additional arrests of civil society and women’s rights activists in #SaudiArabia, including Samar Badawi. We urge the Saudi authorities…

PARADIGM SHIFT

Commenting on the conference theme “Paradigm Shift”, Julien Hawari, Co-CEO of Media quest Dubai, the company behind the conference, said a new ecosystem was needed to support the profound transformation taking place in the region. “This paradigm shift is paving the way for new cooperation and geopolitical equations” he said.…

GCC BANKS ACHIEVE 6% PROFIT GROWTH

The Boston Consulting Group’s (BCG) annual banking index, released last month, revealed that the GCC banking industry grew in 2017 at 2.3 percent, lower than in 2016. Growth stemmed almost exclusively from retail and corporate banking. While, there was a significant decline in revenue growth,the upside was that banks were…