Marmore Articles

Saudi Arabia's sovereign wealth fund has asked banks to help it develop an environmental, social and governance (ESG) framework, as per a recent article in Reuters. According to the article, development of ESG framework was likely a precursor for a...

Profits at the four largest UAE banks rose during the first half of 2021 after an improvement in the operating environment led to lower loan-loss provisions, rise in non-interest income and improvement in operating efficiency. The combined net profit of...

Since the last OPEC+ meeting, conducted on July 18th, the global oil market has witnessed some significant events. There has been a surge in covid cases due to the new delta variant, causing government restrictions in key demand centers of...

The Delta variant, which the WHO has called the most transmissible variant of the coronavirus, has caused a surge in covid-19 cases around the world. With a rise in cases, comes a rise in restrictions by the governments to curb...

As the world charts its recovery from COVID-19’s impact, businesses and trade around the world begin to hit normalcy, reviving the global demand for oil and consequently the global oil prices. As of August’21, price of IPE Brent is up...

All major Kuwaiti banks reported their financial results for the second quarter of 2021. The Kuwait banking sector reported a healthy growth in net income after taxes for Q2’21 compared to that of Q2’20, mainly due to the reduction in...

It is reported that the foreign investment in the Kingdom's stock market increased by more than 150 percent by the end of Q2 2021, compared to late 2018. Banking, basic materials, energy and communications attracted the most foreign investment. This...

Kuwait boasts the presence of several major luxury brands such as Prada, Gucci, Louis Vuitton and Chaumet, Bottega Veneta etc. Ranking 13th in the world in terms of per capita GDP, its affluent and brand conscious population, young demography, and...

According to our recently released Monthly Market Review for the month of August, GCC equity market gained by 3.6%. At country level, all GCC markets except Oman registered gains for the month. Globally, equities continued their bullish rally as indicated...

Saudi Arabia will exempt small and medium enterprises (SMEs) from commerce fees register for three years as the country plans to boost the number of start-ups in the economy. Fees will start in the fourth and fifth year, but at...