Mahmoud Kassem, The National

Mahmoud Kassem

The National

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Past articles by Mahmoud:

Rising oil prices to trump rising rates for GCC economies

Higher crude oil prices to fuel government spending → Read More

Adnoc Distribution Q1 net profit rises 12% on revenue growth

First-quarter revenue increased 13 per cent to Dh5.16 billion → Read More

Job creation on the rise in Dubai's non-oil private sector

Those polled in a survey reported a return of job creation in the emirate for the first time since January → Read More

Gulf Capital buys strategic stake in Saudi Geidea

Alternative asset manager pays more than 1bn Saudi riyals → Read More

DIFC signs FinTech agreement with Accenture to foster collaboration

The accord will link the centre's FinTech Hive with the consultancy's labs around the world → Read More

UAE non-oil economy grows in April as employment and output improves

Headline PMI rises to 55.1 in April from 54.8 in March → Read More

IMF expects GCC economic growth to pick up

The fund warns however of downside risks, including lower oil prices → Read More

Abu Dhabi and Queensland sign joint agreement

Pact to advance development of various sectors including agriculture and education → Read More

Analysts predict increased growth in Saudi Arabia's economy this year

The kingdom's shift towards a more expansionary fiscal policy and higher oil prices will help drive growth → Read More

ADGM, Shanghai Stock Exchange team up for Belt and Road Exchange

Exchange to service investors in the Belt and Road corridor → Read More

Mubadala buys stake in New York-based Phoenician Capital

Phoenician Capital is a global value investor that's outperformed S&P500; in past two years → Read More

Iran currency controls likely to add further pressure on economy, analysts say

Government unifies forex rate but market rate for dollar reaches record high → Read More

Adnoc offers first competitive bidding for oil and gas concessions

Bids are due by October and the first bidding round is expected to be completed this year → Read More

Adnoc Distribution approves Dh735 million dividend

Company on track to enter Dubai and Saudi Arabia this year → Read More

Saudi Arabia streamlines business registration to one day

Saudi Arabia streamlines business registration as it seeks to diversify its economy. Faisal Al Nasser/Reuters Saudi Arabia is making it easier for businesses to set up shop in the Arab world’s largest economy with 12 regulatory reforms that will allow an enterprise to be set up in just one day. The changes come amid a massive economic reform programme dubbed Vision 2030 that is seeking to make… → Read More

Middle East consumers shunning brands, McKinsey study finds

Global consultancy McKinsey says Middle East consumers looking for savings amid austerity. Arnd Wiegmann / Reuters. Middle East consumers, especially in Saudi Arabia, are becoming less loyal to brands and more cost-conscious with more than half actively looking for cheaper alternatives, according to the Middle East Sentiment Survey by the consultants McKinsey & Co. “Approximately 55 per cent… → Read More

Saudi Arabia’s PIF and Six Flags to build theme park in the kingdom

The announcement comes as kingdom undergoes massive social change → Read More

Foreign investors pile into Saudi Arabia in March amid kingdom's FTSE upgrade

International investors snap up $1.18bn of regional stocks, remaining net buyers → Read More

GCC bank profits showed resilience in 2017 even as revenues fall sharply

GCC bank profits grow 6 per cent in 2017, according to BCG. Ahmed Jadallah/Reuters GCC banks weathered the storm of slower revenue growth last year, posting 6 per cent profit thanks to lower costs, according to Boston Consulting Group's regional banking index. Profit rose even as revenues climbed just 2.3 per cent, a 3 percentage point drop from 2016. “GCC banks are adapting well to a slowing… → Read More

Qatar increasing pace of asset sales as Gulf boycott takes toll

Qatar Holding sells $662 million stake in Hong Kong department store → Read More