Stark SME stats don’t tell the full story

The issue of lending to SMEs in the UAE was discussed at the Middle East Banking Forum in Abu Dhabi on Wednesday, where a number of solutions were raised to tackle a perceived dearth in funding for the country’s small businesses. Mubarak Rashed Al Mansoori, the governor of the Central Bank of the UAE, said the Bank was working on

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Clearing up misconceptions about Islamic finance

Nizar Al Shubaily, an experienced Islamic banker, co-authors with me on Islamic finance. Although I believed that I was well versed in matters related to Islamic finance, the prevalence of misunderstood terms and concepts in the media and elsewhere have often confused matters. Mr Al Shubaily has helped me understand a few things. To start off, let’s take a step

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Abu Dhabi Commercial Bank's Q3 financials

Following on last week’s article analysing the Q3 financial performance of Dubai Islamic Bank, Union National Bank and Mashreq, on Wednesday I had a look at how the other banks are performing and was pleasantly suprised when I visited the Abu Dhabi Commercial Bank website. ADCB’s good investor relations The pleasant surprise was not that ADCB had its financials up; I

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Earnings Quality vs Quantum of Earnings

The third quarter (Q3) is over and earnings season has begun as listed companies release their Q3 financials. We’ll take a deep look at these financials, starting with the heart of the economy – the banking sector. My main aim here is to look at the picture that the financials give and try to understand what might be going on

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Innovation needs perspective not isolation

I was honoured to be invited to Bahrain this week to give a talk at an event organised by Bahrain Development Bank’s Rowad Programme, a comprehensive platform providing multiple layers of support to Bahrain’s entrepreneurs and start-ups. Rowad’s breadth and depth are far greater than anything else that I have seen in the region, and addresses multiple facets of the

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