Inside the financing world of the wealthy. where Picassos become pawns and Birkin bags bridge funding gaps
Lending
Latest in Lending
Goldman Sachs Group
Goldman is cutting its loan exposure to SoftBank’s Vision Fund
SoftBank has suffered a string of bad news this week
Central Bank
UAE banking system has sufficient capitalisation and liquidity reserves, says Central Bank
A new report from the UAE’s Central Bank found that lending growth slowed during 2018 when compared to the previous year
fintech
Saudi central bank grants licences to 14 fintech firms
Move comes as non-cash transactions continue to account for less than a fifth in the kingdom
BuyBackBazaar
Emergency cash funding platform launched in Dubai
Dubai entrepreneurs announce BuyBackBazaar which enables access to instant cash to customers who sell their possessions
Lending
Record slide in Saudi loans to companies poses risk to recovery
Data from the Saudi Arabian Monetary Authority shows total credit issued to private companies fell 1% from a year earlier
business credit
UAE credit demand rises ‘slightly’ – central bank
Latest Credit Sentiment Survey shows respondents optimistic for the third quarter
Business condition
GCC loan growth to slow in 2017 – research
GCC to register 4.9 percent loan growth in tough business conditions, says Coface