The banks received their provisional CMA license after earlier acquiring a regional headquarters (RHQ) license this year. They are waiting for the Riyadh office to start running; after that, Barclays’…
A report from the Madinah Chamber of Commerce and Industry highlighted about 224 ongoing development projects, of which 15 are government-led, 10 are semi-government, and 199 are private-sector ventures. The…
This renewed interest in European ETFs shows a major swing in sentiments as the funds have recorded a net outflow of $6.4 billion since 2022. European stocks are emerging as…
As inflation hovers over the Bank’s 2% target and as expectations linger that the headline rate will increase later this year, the possibility of the central bank announcing reductions in…
Qatar National Bank reports the total assets decreased by 0.3 percent in January to QR2.040 trillion. Qatar’s banking sector hit the ground running in January, with the loan book and…
Over the past year, corporate loans expanded by 18.5%, overtaking the retail lending growth which capped at 10.5% in Saudi Arabia. Saudi bank loans surpass $801.6 billion (SR3 trillion) for…
Many EU ministers stated that easing sanctions in the energy industry would be their top priority. The European Union’s (EU) foreign affairs ministers agreed on Monday to start lifting sanctions…
Most of the growth in billionaire wealth has increased the share value of the global stock exchange, though increasing property values have also contributed. Research by Oxfam found that the…
Turkey’s GDP declined by 2.4% in the first quarter of 2019 after declining by 3% in the last quarter of 2018. Turkey entered into recession in the third quarter as…
With wages increasing, consumption and capital expenditure were also expanding, thus making it a good time for the Bank of Japan to increase its interest rate. The Bank of Japan…